If you were to review any forecast for global thermoplastics demand to 2050—high-density polyethylene (PE), low-density PE, polypropylene, polyvinyl chloride and polyethylene terephthalate, among others—chances are that you will see a steady rise in consumption.
If you were to review any forecast for global thermoplastics demand to 2050—high-density polyethylene (PE), low-density PE, polypropylene, polyvinyl chloride and polyethylene terephthalate, among others—chances are that you will see a steady rise in consumption. For example, global thermoplastics demand is forecast to increase from approximately 483 MMtpy in 2020 to nearly 399 MMtpy in 2030 and up to more than 589 MMtpy by 2050, according to data from Statista.1
Regardless of outside forces calling for an end to the use and production of oil, gas and petrochemicals, the fact remains that demand for plastics—especially from developing countries in Asia—will continue to steadily increase over
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