Positive construction outlook to drive PVC demand; oversupply to dampen PET market

04/15/2014 | PlasticsNews.com

Global demand for polyvinyl chloride is poised to rise in 2014 as construction spending grows nearly 5% worldwide, said analysts Henry Warren and Chase Willett. This demand increase will prompt manufacturers to invest in new capacity in North America, Warren said. Meanwhile, the PET market will remain flat because of oversupply and consumer preference moving away from carbonated drinks toward beverages with bottles that use less PET, the analysts said.

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