SINGAPORE, October 29, 2012 /PRNewswire/ -- In the news release, "ICIS Launches the 2012 Versions of its Annual Plastics Studies" issued on 29 Oct 201206:12 GMT, by ICIS over PR Newswire, we are advised by a representative of the company that the release contained some erroneous information and a new release has been issued. Complete, corrected release follows: ICIS, a trusted provider of global petrochemical market information and Asian benchmark provider for the plastics markets, has launched the 2012 version of its World Plastics Annual Study and China Annual Reports for the polyethylene (PE) and polypropylene (PP) markets. The annual studies give participants in the industry access to expert data and the analysis needed to identify opportunities for expansion, evaluate challenges and risks to business and plan strategically for the medium-to-long term. Coverage of the ICIS annual studies includes analysis from a global, regional or country-specific perspective as well as historical and forecast data with commentaries from ICIS analysts. The World Plastics Annual Study gives a complete and comprehensive review of the nine major plastics, including supply and demand data, import/export assessments, growth rates and production capacities. Historical data given goes back as far as 2000, while forecasts are up to 2025. "Following the 2008-09 recession, demand growth for the major thermoplastics started picking up in 2010, and recovery continued in 2011-12. Further market improvements are expected. Taking PE as an example, worldwide demand is forecasted to reach 91m tonnes by 2016 and 130m tonnes by 2025," says Fabrizio Galiè, polymers consultant for ICIS. "The 2012 version of the World Plastics Annual Study will give details on these areas of growth for the plastics industry, including analysis of market drivers and foreseen challenges," Galiè adds.