US plastics market will continue to grow steadily

It is said that the current US production is 90% of the peak before the recession and is steadily rising, although the current growth rate is only slightly above zero. US GDP has grown by an average of 2% a year and is expected to rise slightly in the next 12-18 months.

The growth rate of the US durable goods and motor vehicle market is also very slow. The retail industry outside the automobile is also gradually rising, and the growth rate has returned to 4%, which will promote the development of the plastics industry.

The operating rate of US homes is also growing, but still below the peak of 40% before the recession. Housing was once an important indicator, but not in this economy. Even so, the housing rate will expand further and will grow by 5% each year.

The US home appliance market is also recovering, with an annual growth rate of 5%.

The labor market is still weak, but will gradually improve, and increasing interest rates and inflation will bring them closer to their current state.