IHS report: Latin America's PE deficit to widen in next decade

摘要

Latin America's annual polyethylene (PE) deficit will reach 5 million m.t. by 2025, increasing 67% from the current deficit level, and the region's current PE demand exceeds 7 million m.t., according to a recently published IHS Chemical special report, Latin American Polyethylene Market: Supply Shortfalls, the Growing Opportunity. PE demand is growing in the region because of the expanding middle class. The region's current and planned PE capacity will, however, continue to fall short of demand, driving the region to import approximately 50% of its PE needs by 2025, according the IHS Chemical study.