Polypropylene consumption to grow at less than 1% in 2009, reaching 2007 levels in 2010

Global consumption of polypropylene in 2008 was 45.5 mln tons, down by 1.4 mln tons from 2007. With the global economy starting to recover in H2-2009, the polypropylene usage level will grow less than 1% in 2009 and finally reach 2007 usage levels sometime in 2010. These are the findings of a report by Townsend Solutions. Townsend forecasts global polypropylene usage growth will average 3.7% pa for the next five years. During this same 5-year period over 10 mln tons of new polypropylene capacity is expected to come on stream, according to supplier announcements. The additional production will result in a period of historically low capacity utilization levels of below 80% by 2012.
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