Polypropylene Growth Continues Despite Higher Costs and Substitution

Verity: Costly propylene caused slight slowdown in PP growth. Global consumption of polypropylene (PP) reached more than 50 million m.t. last year, accounting for 26% of demand for all major plastics including polyethylene, polyvinyl chloride, polyethylene terephthalate resin, polystyrene (PS), acrylonitrile butadiene styrene, and polycarbonate, according to IHS Chemical. The PP industry was characterized in 2011 by price volatility, particularly in North America, and growing substitution by other polymers, particularly high-density polyethylene and PS...

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