Current downtrend in PET business cycle to continue until 2009

PET (polyethylene terephthalate) is a polymer that is formed by combining two monomers - modified ethylene glycol and purified terephthalic acid. Global consumption of PET in 2006 reached a level of just above 13 million tons, with an average global growth rate below 8%. The regional distribution of PET consumption is still strongly biased towards North America and Europe, with these two regions accounting for 60% market share. Asia is growing at a faster pace, grabbing a market share of more than 25%. It is quite possible that Asian region will surpass the dominant regions of North America and Europe within the next 3-5 years, if not earlier.

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Indian market for PET containers is growing for non-carbonated beverage

A recent research indicates that a strong shift in consumer beverage demand in India since 2003 towards non-carbonated alternatives is creating new opportunities for drink manufacturers. The market for carbonated soft drinks in India has plummeted by about 5% for the second consecutive year as Indian consumers embrace non-carbonated alternatives, as per a research by Canadean.

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Polycarbonate business is heading towards buyers market by 2008-2009

Polycarbonate (PC) based on phenol as a raw material, has seen a recent price increase due to higher price of phenol. Bayer raised the price of PC in mid 2007, and announced another hike with effect from mid November. Bayer and GE Plastics (recently acquired by SABIC) are the global market leaders for Polycarbonate.

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E waste recycling is a big challenge

The rapid pace of technological change in the field of electronics has made appliances for homes and office equipment both affordable and widely used. The extreme growth and ever increasing obsolescence rates result in large quantities of electrical and electronic equipment being added to the waste stream. Electronic Waste, also known as ‘E waste’ is a term used for waste generated when electronics like computers, monitors, hard drives, copiers, printers, fax machines, mobile phones, telephones and even televisions are discarded. While there is no generally accepted definition of electronic waste, in most cases electronic waste consists of electronic products that were used for data processing, telecommunications, or entertainment in private households and businesses that are now considered obsolete, broken, or irreparable.

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Clarity in PP leads to new developments

Generally amorphous polymers like Polystyrene (PS), Polyvinyl Chloride (PVC) and Polycarbonate (PC) have better clarity. PET is another polymer that provides excellent clarity despite its crystalline nature. Clear plastic products have better aesthetics and therefore command a premium when used in consumer products. PP is a widely used polymer on account of its lower cost and offers greater opportunity if it gets good clarity. Among the grades of PP, random or terpolymer offer the best clarity. However, it requires further improvement to match the clarity of PET.

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Healthy global Polypropylene consumption expected to cross 50 million tons by 2010

Polypropylene (PP) is one of the fastest growing polymers in the World. A recent market research report by Global Industry Analysts, Inc expects global PP consumption to reach 51 million tons by the end of this decade (2010). PP, the largest polyolefin will consolidate its position and will remain the top polyolefin until 2010.

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China is determining business viability of global polymer manufacturers

China has experienced over two decades of high economic growth, which has been stimulated by the consecutive increases of industrial output, consumer consumption and capital investment. China' s GDP has been growing at 11% per annum.

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