Home / Knowledge / News / Textiles / Emerging markets will continue to boost PP demand
Emerging markets will continue to boost PP demand
04
Aug '12
The dynamic economic development in emerging markets will continue to boost demand for polypropylene (PP), according to a report by market research analysts Ceresana.
 
The research firm expects the global polypropylene market to reach US$ 145 billion by 2019.
 
The study says that PP market has grown at an annual average growth rate of 4.4 percent during the last eight years, and this growth rate would be surpassed in the coming years.
 
Countries in the Asia-Pacific region already account for more than half of worldwide PP consumption, followed by Western Europe and North America. But the report estimates the distribution of demand for PP in the various regions of the world is likely to change notably.
 
The analysts from Ceresana forecast countries in Asia-Pacific to increase their shares of the global PP market, mainly at the expense of saturated industrialized countries. 
 
The changes in regional demand will also result in modification in production structures. The current global PP capacity of about 62 million tons would increase to over 95.5 million tons by 2019 and more than 57 percent of these new capacities will be built in the Asia-Pacific region, the report states.
 
Producers of flexible and rigid packaging remain major consumers of PP with an aggregated demand of more than 50 percent. Fibres made from PP as well as consumer goods currently have a share of around 12 percent each. 
 
In the coming eight years till 2019, the use of PP in fibres is expected to grow at 2.8 percent per annum, as per the study.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 24th Mar 2017

UK online retail sales up 15% in February 2017

Online retail sales in UK have grown by 15 per cent year-on-year in...

Courtesy: Messe Frankfurt

Textiles | On 24th Mar 2017

Over 3341 exhibitors participate in Intertextile Shanghai

More than 3,341 exhibitors from 26 countries and regions participated ...

Apparel/Garments | On 24th Mar 2017

Tiruppur garment cluster hopeful of meeting export target

The Tirupur garment cluster is hopeful of meeting its target of...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search