[Plastic] 2020 global synthetic resin industry supply and demand status and regional pattern analysis market supply and demand fundamentals show a loose trend

China has become the world's largest consumer of synthetic resin

At present, the supply and demand fundamentals of the world's five major synthetic resins are loose.

1.

In 2019, the new global synthetic resin production capacity reached 10.

Affected by the rise of unilateralism and trade protectionism, the slowdown in global economic growth has dragged down the consumption of the top five synthetic resins.

2.

From the perspective of new installations, global synthetic resin production is further concentrated in Northeast Asia, North America and the Middle East.

Among them, Northeast Asia has become the global synthetic resin production center since 2001.

3.

From the perspective of the demand for synthetic resins in different regions of the world: Northeast Asia is the world's largest consumer of synthetic resins.

As a major production base in the world, China has an important position in packaging, agriculture, electronics, and automobiles.

4.

From the perspective of the demand for specific types of synthetic resins, the demand for polyethylene was the highest in 2019, at 105 million tons, accounting for 41.

The demand for polypropylene is 76.

The third is polyvinyl chloride, the demand is 46.

Polyolefin (polyethylene, polypropylene)'s unique easy processing, good comprehensive performance and non-toxic characteristics make its application fields continue to expand.

(Keyword: PE PP)