Joseph Chang-ICIS -- Purchasing, 9/18/2009 8:21:33 AM
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Polymer buyers not likely to see a supply shortage in 2010
and years beyond, says Howard Blum, senior associate at global consultancy
Kline & Co.
"Don't expect shortages of key polymers in 2010. A global
surplus should provide sufficient supply until 2012," said Blum at the Chemical
Purchasing Summit organized in Boston
by ICIS Chemical Business and Purchasing magazines.
Polymers are about 30% of total chemistry, he notes, with
about a third of all chemicals acting as raw materials for resins.
In 2010, global capacity utilization will be around 80%,
growing slowly towards 90% beyond 2012, he says. However, plenty of polymer
capacity will come on line in the Middle East and China
in the coming years, he adds, while U.S. and European producers
continue to consolidate.
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