Home / Knowledge / News / Textiles / China & Russia to lead polypropylene capacity additions
China & Russia to lead polypropylene capacity additions
26
Jul '14
Global polypropylene capacity increased at a Compound Annual Growth Rate (CAGR) of 5.2% from 2003, reaching 65 million tons per year (mmty) in 2013, and is expected to continue rising to 86 mmty by 2018, at a slightly higher CAGR of 5.8%, according to research and consulting firm GlobalData.
 
The company’s latest report states that China and Russia will be the leading contributors to future polypropylene capacity increases, and will account for a combined 45% of global additions over the next five years.
 
Carmine Rositano, GlobalData’s Managing Analyst covering Downstream Oil & Gas, says, “A demand-side push is driving additional capacity in China, forcing it to produce more domestic polypropylene.
 
“Indeed, China will lead new global polypropylene capacity increases over the next five years, as its goal of self-sufficiency drives 7.48 mmty of additions, of which 97.6% will come from new plants and the remainder from the expansion of existing facilities.”
 
GlobalData forecasts that the country will account for 62.4% and 35.5% of planned Asian and global capacity additions by 2018, respectively.
 
Russia will be the second largest contributor to growth, mainly due to the country’s recent diversification into the petrochemicals sector, which has seen substantial investment in bulk polymer industries, such as polyethylene and polypropylene.
 
Rositano explains, “Until 2012, Russia’s polypropylene capacity was only 0.65 mmty, but this increased to 1.33 mmty in 2013 and is further expected to reach approximately 3.48 mmty by 2018, with all additions coming from new plants.”
 
GlobalData also states that Venezuela and India will be the respective third and fourth largest contributors to capacity increases over the next five years, with both countries investing in the polypropylene sector to cater to the domestic market and replace imports.
 

GlobalData


Must ReadView All

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Courtesy: IVL

Textiles | On 26th Jul 2017

IVL completes PTA capacity expansion in Europe

Indorama Ventures Public Company Ltd (IVL), a global chemical...

Textiles | On 26th Jul 2017

Vietnam’s textile & garment exports cross $13bn in H1

Vietnam earned $13.... billion from textile and garment exports in...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Kai Poehler
Voith Paper GmbH & Co. KG

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Prathyusha Garimella
Prathyusha Garimella

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X