ChemOrbis Gaziantep Petrochemicals Summit: New fundamentals to play a role in shaping the future of Turkey’s PVC market

Dr. Ali Yesilyurt, Director for Market Surveys at Petkim, talked about the future of Turkey’s PVC market during his presentation at the ChemOrbis Petrochemicals Summit in Gaziantep on April 27, 2017.

Dr. Yesilyurt highlighted that global PVC demand has been decreasing in the recent years in line with environmental and safety concerns, increasing recycling activities as well as substitution by other products. “PVC consumption has been negatively affected particularly in Asia due to a slowdown in construction activities in China and India,” he noted.

Based on the current outlook, Dr. Yesilyurt opined that PVC demand in Asia is expected to grow at slightly lower rates compared to previous years given the slowdown in China.

Later in his presentation, Dr. Yesilyurt spoke about the changing fundamentals which are likely to play an important role in shaping the Turkish PVC market in the near future. He stated, “Turkey’s PVC consumption might be hampered by a series of factors such as the slower growth of the Turkish economy in the recent years, the increasing number of environmental regulations across the board and the fact that recycling consumption is gaining momentum.”