AMI: Polymer Demand Slumps for 2008
According to the latest reports from Applied Market Information (AMI), since the early 1980s the plastics industry in Europe has not experienced such difficult market conditions as seen in 2008. Demand for thermoplastics slumped by 8% compared with 2007, according to the latest edition of AMI’s European plastics industry report just published. The downturn followed two years of better than average growth with demand reaching a peak of just over 41 million tons in 2007 but this masked underlying structural weaknesses of overcapacity, under-investment and poor competitive positioning for many plastics processors. AMI expects the recession to drive significant restructuring within plastics processing markets with growing investment from outside Europe and a continuing drift of manufacturing to the eastern half of the continent.
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