Houston, TX, August 14, 2009 --(PR.com
)-- Townsend Solutions recently published its 2009 global polypropylene study with breath-taking results.
Global consumption of polypropylene in 2008 was 45.5 million tonnes – that was down 1.4 million tonnes from 2007. With the global economy starting to recover in the second half of 2009, the polypropylene usage level will grow less than 1% in 2009 and finally reach 2007 usage levels sometime in 2010.
Townsend forecasts global polypropylene usage growth will average 3.7% per year for the next five years. During this same 5-year period over 10 million tonnes of new polypropylene capacity is expected to come on stream, according to supplier announcements. The additional production will result in a period of historically low capacity utilization levels of below 80% by 2012.
Anyone planning to build a new polypropylene plant or currently producing polypropylene needs to know why, where and how much their markets will be impacted. If you are manufacturing, converting or buying and selling polypropylene resin, Townsend’s report will help you understand what to expect so you can prepare yourself for a long period of oversupply.
Machinery manufacturers also need to know where growth will occur and in what applications. The 2009 Townsend Polypropylene Report provides details and insights for strategic planning needs. It will prepare manufacturers in long-term planning.
If you need to decide where to spend your limited polypropylene sales, business development and research resources, the Townsend Polypropylene Report is a wealth of detail. If you need to decide what polypropylene assets to expand or to close this year, the report is essential. If you want the details on what applications polypropylene is used in and how those applications will grow in the next five years Townsend’s market study is the only research report that can help.
Headquartered in Houston, TX, Townsend is a leading provider of consulting services and information to clients in the plastics industry, worldwide. Townsend's unique position is based on its expert knowledge of the industry and its markets, backed up by its leadership in information gathering and analysis since 1972. Townsend's mission is to assist plastic industry clients in becoming more successful and profitable by supporting their business decisions and management processes with valued, objective insights and solutions.
For more information about the Townsend Polypropylene Report or other services, please contact Abbe Scheiner at +1 610.372.6716 or ascheiner@TownsendSolutions.com