Polypropylene: Growth slows but versatility is an underlying strength

Global polypropylene (PP) demand growth rates are expected to decline in the next five years, producers and analysts say. PP is in oversupply and this is expected to continue, leading to reduced plant operating rates. However, PP’s versatility, in particular its widening range of automotive applications, is a reason for optimism. Meanwhile, there will be major shifts in global PP trade patterns. Stern: More Mideast product comes to Europe. Musa: The leading PP producer in the US. Van Camp: Studying plans in emerging markets. IHS Chemical expects global...

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