Global polyolefins demand estimated to have decline in 2009 by 0.14% compared to 2008

Global polyolefins demand is estimated at 111 mln tons in 2009, a decline of 0.14% compared to 2008 as per Chemsystems. However, this compares favorably against the corresponding fall of 2.1% in global GDP as an increase in demand from China and other emerging economies offset the reduction in demand from Western Europe, North America and Japan. Total polyolefins capacity increased by 47 mln tons in the period 1999-2009 with approximately 7 mln tons of additional capacity being available in 2009. 2010 should also see significant capacity increases as 9 mln tons of polyethylene and 6 mln tons of polypropylene are due to come on-stream, pending project delays and closures of existing uncompetitive assets.
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