Global Competitiveness, Market Demand and the US Plastics Processing Industry Platts Asian Petrochemicals Markets Conference 2016 Grand Hyatt Pudong Shanghai, China August 30-31, 2016 Presented By: Michael D. Taylor Vice President, International Affairs and Trade
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Global Competitiveness, Market Demand
and the US Plastics Processing Industry
Platts Asian Petrochemicals Markets Conference 2016
Grand Hyatt Pudong
Shanghai, China
August 30-31, 2016
Presented By:
Michael D. Taylor
Vice President, International Affairs and Trade
Agenda Introduction to SPI
Shale Gas – A Game Changer
Overview of the U.S. Plastics Industry
Trade Flows in Plastics
SPI Plastics Market Watch
Key End Market Demand
Global Manufacturing Competitiveness
Q&A
SPI – The Plastics Industry
Trade Association
North American Advantage
Source: World bank Pink Sheet Average natural gas prices $/MBtu
Natural Gas Prices Have
Decoupled From Oil Prices
Shale Energy: Economic
Contribution To Manufacturing
2012 2015 2020 2025
Employment
Total Manufacturing 303,383 395,298 464,897 522,798
Aluminum 1,171 1,484 1,558 1,693
Steel 19,978 23,610 23,460 26,242
Plastics* 8,974 12,878 14,948 16,438
Fertilizers 506 899 4,851 5,805
Value Added ($M)
Total Manufacturing 36,750 48,776 62,035 71,080
Aluminum 147 189 204 223
Steel 3,166 3,704 3,619 4,024
Plastics* 768 1,098 1,282 1,414
Fertilizers 75 131 688 822
Labor Income ($M)
Total Manufacturing 23,826 31,558 39,355 44,872
Aluminum 101 130 140 153
Steel 2,105 2,455 2,389 2,658
Plastics* 523 739 868 961
Fertilizers 50 88 460 550
Economic Contribution Summary
Includes NAICS Code 3261 (plastics); does not include rubber (3262) or resins (3252).