European Plastics Market to Face Improvements in 2014

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24 Oct 2013 10:07 Jane Roberts

CHEMMONITOR.COM - In 2012, production of plastics in the world market grew approximately 3%, to 288 million metric tons from 280 million metric tons.

Situation in the European market for plastics in 2012 was on a downward trajectory. Production and demand fell 3% and 2.5% respectively in a line with low demand for the product in the packaging, building, construction and automotive sectors. The state of the market was even more aggravated by the financial crisis of 2008-2009.

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