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

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 of industries relies on chemicals of all types.  While the country is playing a growing role as a chemicals and plastics…

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