The Chinese polypropylene market size was $14,439 million in 2008 and is forecast to grow by more than 10%, accounting for 41% of the global polypropylene demand in 2020.
Production of polypropylene in most countries will be unable to compete with the Middle East production as feedstock costs of the Middle East producers are 1/5th of the cost of feedstock available to Asian and European producers. The Middle Eastern countries, in their need to diversify from dependence on oil revenues, support the growth of petrochemical industries to add value to their exports and also to generate employment for local citizens.
The Middle East region will see more than 3 million tons of polypropylene capacity additions in the next few years. Accounting for more than 50% of the global planned polypropylene capacity additions, the Middle East region will emerge as the largest
exporter of polypropylene in the world
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Global Markets Directs’ Global Polypropylene Market Analysis and Forecasts to 2020’ provides in-depth analysis of global polypropylene industry. This report will navigate the reader through the global polypropylene market with detailed analysis and forecasts of the major economic and market trends affecting the polypropylene market in all the major regions of the world. The report includes analysis and forecasts of demand by major sectors, regional price analysis and forecasts. Market share analysis of major polypropylene producers by region is also included in this comprehensive report covering all the major parameters for all the major regions of the world
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