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GLOBAL POLYMER CAPACITIES & FUTURE TRENDS
Worldwide plastics production rose to 280 million tonnes in 2011, according to first
rough estimates published by PlasticsEurope. This represents around 4% increase
from 2010, when 270 million tonnes of plastics were produced. It also confirms the
return of long term growth after the economic crisis.
The five largest plastics types (polyolefins, PVC, PS, EPS and PET) account for about
70% of the total global demand, i.e. 200 million tonnes. From 2010 to 2016, global
plastics consumption is expected to grow by an average of about 4 % each year.
Overall, PE consumption is forecast to grow at an average annual rate of 3.7% per
year between 2014 and 2019. If current forecast come to fruition, Global PE
consumption is forecast to exceed 100,000 KT by 2019. The highest growth rate –
9.0% CAGR – is forecast for India, where economic growth for the next 5 years is
expected to be in the 8-9% range. Despite the political uncertainty in large parts of
the region, the Middle East is also expected to continue to see steady growth
through 2019. The GCC remains strong and focused on innovation, while the
Turkish economy has shown remarkable performance with its steady growth, and is
expected to continue moving forward. (Source: Townsend Solutions)
Low Density Polyethylene (LDPE):
Global annual capacity of LDPE was 22730 KT in 2014 which will rise to 26608 KT
in 2017. Indian subcontinent will grow from present 215 KT to 615 KT in 2017.
Southeast Asia will increase from 1400 KT to 1452 in 2017 while Middle East grows
from 3445 KT to 4765 KT in 2017.
High Density Polyethylene (HDPE):
Global annual capacity of HDPE was 45701 KT in 2014 which will rise to 52564 KT
in 2017. Indian subcontinent will grow from present 1815 KT to 2475 KT in 2017.
Southeast Asia will decrease from 3830 KT to 3810 in 2017 while Middle East grows
from 9984 KT to 11499 KT in 2017.
Linear Low Density Polyethylene (LLDPE):
The global world installed average annual production capacity of LLDPE as of 2014
totals to 31203 KT. The same will rise to 37778 KT through 2017. Southeast Asia
capacity will grow from 3735 KT to 4415 KT. Middle east capacity will increase from
present 5505 to 6870 KT till 2017 while Indian subcontinent will grow from 985 KT to
2195 KT till 2017.
Polypropylene (PP):
Global annual capacity of PP in 2014 was 69506 KT which will increase to 81455 KT
in 2017.
Indian subcontinent from present 4140 KT will increase to 5115 KT, Southeast Asia
from present 5344 KT to 5689 KT and Middle East from current 8274KT to 9194 KT
through 2017.
Polystyrene (PS):
The global world installed average annual production capacity of Polystyrene as of
2014 totals to 15329 KT. The same will rise to 15589 KT through 2017. Southeast
Asia capacity is 911 KT. Middle east capacity will increase form present 520 -595
KT till 2017 while Indian subcontinent remains at total of 560 KT till 2017.
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