Friday, June 22, 2007

China leads in growth of polymers & plastic products

China, after liberalization of economy in 1979, has grown by leaps and bounds. From a modest plastics consumption level of about 1 million ton in 1979, it has attained a level of 38 million tons in 2005. Consumption has achieved 15% average growth in the period of 1979 to 2005, possibly surpassing consumption levels of Europe and North American countries. Interestingly, China produced 18 million tons of polymer in 2005, and had to import 21 million tons. China therefore continues to depend upon imports for 53% of its requirement of synthetic polymers in 2005. The China Plastics Processing Association revealed this information recently.

For more details please click on the following link
http://www.plastemart.com/upload/Literature/chineseplasticandpolymergrowth.asp

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