CORRECTION - ICIS: ICIS Launches the 2012 Versions of its Annual Plastics Studies

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Oct 29, 2012, 04:11 ET

ICIS, a trusted provider of global petrochemical market information and Asian benchmark provider for the plastics markets, has launched the 2012 version of its World Plastics Annual Study and China Annual Reports for the polyethylene (PE) and polypropylene (PP) markets.

The annual studies give participants in the industry access to expert data and the analysis needed to identify opportunities for expansion, evaluate challenges and risks to business and plan strategically for the medium-to-long term.

Coverage of the ICIS annual studies includes analysis from a global, regional or country-specific perspective as well as historical and forecast data with commentaries from ICIS analysts.

The World Plastics Annual Study gives a complete and comprehensive review of the nine major plastics, including supply and demand data, import/export assessments, growth rates and production capacities. Historical data given goes back as far as 2000, while forecasts are up to 2025.

"Following the 2008-09 recession, demand growth for the major thermoplastics started picking up in 2010, and recovery continued in 2011-12. Further market improvements are expected. Taking PE as an example, worldwide demand is forecasted to reach 91m tonnes by 2016 and 130m tonnes by 2025," says Fabrizio Galiè, polymers consultant for ICIS.

"The 2012 version of the World Plastics Annual Study will give details on these areas of growth for the plastics industry, including analysis of market drivers and foreseen challenges," Galiè adds.

ICIS has also launched its 2012 China Annual Reports to give market players who are highly involved in China a detailed analysis of the PP and PE domestic markets.

"With the developments in China affecting the wider thermoplastics industry, it is equally important to gain access to accurate and thorough market intelligence direct from this region," Steve Tan, ICIS editorial director for Asia, says. "The ICIS China Annual Reports provide in-depth information and insight from our team of local experts on one of the world's most exciting plastics markets."

The China Annual Reports give readers a complete view of developments and forecasts for the next 12 months, focusing on domestic consumption and upstream and downstream markets, as well as updates on the Chinese government's policies affecting trade activities.

About ICIS:

ICIS is the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions.

Our aim is to give companies in global commodity markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting that enable our customers to make better-informed trading and planning decisions.

With a global workforce of more than 650, ICIS has staff based in Houston, Washington, New York, London, Milan, Montpellier, Dusseldorf, Mumbai, Singapore, Guangzhou, Beijing, Shanghai and Perth. The team covers over 120 commodity markets and has in-depth knowledge across markets in upstream and downstream sectors in Europe, Africa, the Middle East, Asia-Pacific and the Americas.