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Article: Growth slowed last year in European plastics demand.(MATERIALS MARKETPLACE)
- Article from:
- British Plastics & Rubber
- Article date:
- February 1, 2006
CopyrightCOPYRIGHT 2006 Euro Publishing Consultancy. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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RISING materials prices last year led in part to de-stocking which put the brakes on the established growth pattern for thermoplastics in Europe. A report from AMI--Applied Market Information--says that growth had been between 2 and 3 per cent annually since the downturn of 2001. Growth slowed to 22 per cent in 2004, and in 2005 'the European thermoplastics market is expected to have recorded growth of less than 2 per cent'.
The report says that fluctuations in raw material pricing through 2004 and 2005 allied with weak consumer demand led to de-stocking and poor overall demand for most thermoplastics. In commodity plastics traditional strong growth markets such ...