| Asia Leads Demand Growth in PVC and its Additives | ||
Global consumption of PVC reached a level of about 31 million tons in 2005. PVC is a matured polymer with average growth rate less than World GDP but is seeing good growth in Asia due to higher emphasis on infrastructure and construction. In fact, markets indicate that the power of business in PVC and related sectors are surely shifting to Asia where PVC is growing at about 7% or almost at the same rate as Asia’s GDP about 7% or almost at the same rate as Asia’s GDP growth. North America as well as Europe are both matured for PVC. These regions are expected to grow at less than 3% in the coming five years. Asia is therefore expected to have a larger share in PVC consumption as compared to Europe and North America by 2010. PVC Additives Market |
billion. Overall, the additives market is expected to grow at 4% CAGR from 2004 to 2009. While Europe, North America and Asia Pacific (excluding China) are growing at about 3%, China is predicted to grow at 8 - 10%. The other smaller markets are also poised to grow at 5 - 6% through 2009. India could be the next big growth area. This indicates a shift in focus to Asia, especially China. PVC consumes more than 65% of the total volume of 9 million tons of additives with a major portion of this volume arising from plasticizers. Additives for PVC excluding plasticizers amount to a volume of over 2 million tons. The regional distribution of additives in2005 has reached a level of 23% in Asia. Europe continues to be the largest region with almost 25% of the total global consumption currently. |
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| The global plastics additives market was about 9.9 million tons in 2004, valued at US$ 19 | Courtesy: Plastemart www.plastemart.com |
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