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[Plastic] The pace of economic recovery and demand dynamics determine the growth of the plastics industry in Southeast Asia

 Last Update: 2022-03-12
 Source: Internet
 Author: User

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COVID-19 continues to wreak havoc around the world, severely damaging global and regional economic growth.

Plastic industry

They are even forced to rationalize certain business expenditure plans, including reducing non-essential expenditures and postponing certain expansion projects to reduce the impact of COVID-19.

Dayanand Kharade, an oil and gas analyst at GlobalData, commented: “Operators of petrochemical companies pay attention to strategic needs and adjust project schedules accordingly.

The increase in polymer production capacity is mainly concentrated in Indonesia, mainly for increasing domestic demand and reducing dependence on imports.

Kharade concluded: "As demand in the construction, automotive and other sectors weakens, the demand for polymers in Southeast Asia is expected to decline in 2020.

(Keywords: Plastic Industry)

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The pace of economic recovery and demand dynamics determine the growth of plastics industry in Southeast Asia

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[Plastic] The pace of economic recovery and demand dynamics determine the growth of the plastics industry in Southeast Asia

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The pace of economic recovery and demand dynamics determine the growth of plastics industry in Southeast Asia