Sales of thermoplastics to witness strong recovery in Europe in Q4-09

27-Oct-09
Sales of thermoplastic resins will see a strong recovery in the fourth quarter as per a new report by AMI Consulting. This quarterly growth will spur the market, as it will experience modest growth of 1-2% in 2010 and more robust growth of 2-3% in 2011 and 2012. The market will still decline 9% for the full year 2009. It will also not recover the volumes lost in late 2008 until 2013. Q4-08 was one of the toughest markets ever seen for thermoplastic resins with apparent demand shrinking by around 25%. Because much of the volume loss was destocking, resin sales could be expected to be strongly up in Q4 2009 compared with last year. The market is being driven largely by packaging, which now accounts for over half of thermoplastic use. Hygiene and medical markets are performing well but auto resins are struggling because of weak car production levels.
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