China’s Plastics Market to Grow/China Is a Major Chemicals Import Market, Business and Industry Trends Analysis

The Coronavirus pandemic of 2020 slowed the economy of China.  Long-term, however, the country is likely to return to robust growth.  The emergence of a middle class in China in recent years has created a new and lucrative market for a huge variety of goods, including plastics.  Meanwhile, China’s accession to the World Trade Organization in 2001 has had a profound impact on the country’s ability to compete aggressively in the global plastics market. BASF estimates that the Asia-Pacific region, with China playing the dominant role, has become the world’s largest growth market in chemicals.  Within China, a broad base…

A Representative List of Organizations that Have Used our Research and Products: