Demand for polyethylene will increase by 3.7%

“This higher than normal increase will occur in the United States and Europe, but first of all – in Russia. In the United States during the study period the growth rate will be 2.4% per year, compared with 0.7% from 2003 to 2013. Meanwhile, the need for Europe, including Russia, will increase by 2.8% per year – almost three times the normal level, testified during the past decade, “- say researchers.

In addition, the growth in demand in the United States and Russia can not be compared with a lower increase in Asia – 4.8%, compared with 6% for 2003 and 2013.

«GlobalData» says that despite the expected rise in the cost of crude oil by 2018, PE prices will increase in the range of 1.3% per year until the end of the forecast period.