Bayan Market Research Report Analysis (Polymer resin)
According to Ceresana, driven by the growth of demand in key markets such as Asia Pacific and Eastern Europe, the global plasticizer market will exceed $19.5 billion by 2020. According to statistics, nearly 87% of the global consumption of plasticizers in 2012 was used in the processing of plastic products, most of which are used in film and cable production, but also widely used in rubber products, paints and coatings, and adhesive production.
Due to limited new supply capacity and continued growth in demand from downstream polyester fiber and polyethylene terephthalate industries, industry insiders recently expected that ethylene glycol prices in Asia will continue to rise in 2014. However, the impact of China's sound economic restructuring policies will curb speculation to some extent, and the global economic downturn may also restrain price growth.
On this basis, Bayan increased the construction of polymer resins, plans to carry out the production and construction of polypropylene, polyvinyl chloride and polystyrene at the same time, new research and development forces, expand the resources of the research and development team, while reserving production personnel, and expand personnel according to actual needs in the later stage.