Japan Polypropylene Industry - Relied on Automotive Sector for Swift RecoveryGlobalDataJanuary 31, 2012 6 Pages - SKU: GBDT6800756 |
| Countries covered: Japan Japan Polypropylene Industry - Relied on Automotive Sector for Swift Recovery Summary The automotive sector and polypropylene industry in Japan were hugely affected by the tsunami disaster in March 2011. However, the automotive sector has recovered quickly, taking advantage of swift reconstruction efforts to improve infrastructure facilities in the country. This in turn has helped the polypropylene industry, highly dependent on the automotive sector, to recover from the disaster. The Japanese automotive industry not only caters to the domestic demand but also to the huge export markets. Its magnitude makes it all the more important for associated industries, including the polypropylene industry. The polypropylene industry saw 39% of demand stemming from the automotive sector in 2011. Polypropylene production improved along with automotive production by May 2011, and with the latter showing a positive trend since then and expected to regain 2010 production level in the coming months, this industry will continue to be an important driver for polypropylene demand. Scope
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