By: Chetan Kunta --
03 August, 2012
Polyethylene resin plays a major role in the global polymer industry and it accounts 35% of the total global production. As the demand for polyethylene increasing at AAGR of 5.4% during 2010-2015 due to the increasing demand from the downstream sectors, PE consumers have to focus a lot on their procurement strategy.
This report explains about the cost saving opportunities in NAFTA, Latin America, Europe, Asia-Pacific, Middle East, and Africa by explaining the best cost country for polyethylene procurement. Polyethylene is primarily synthesized from ethylene, depending on the region of manufacturing ethylene is either produced from naphtha or ethane whose feedstock raw material is either crude oil or natural gas respectively In North America and Europe the feedstock raw material is natural gas, in china, Middle East and Latin America the feedstock raw material used is crude oil.