IHS Chemical Week

Regions :: China

Emerging Regions Drive Petchem Industry Growth

12:17 PM MDT | July 27, 2007 | Peck Hwee Sim in Houston

Rapid petrochemical demand growth in emerging economies including Asia and China and new applications are driving healthy growth rates in the global petrochemical industry, Sherman Glass, senior v.p. at ExxonMobil Chemicals, told attendees at CMAI’s (Houston) World Petrochemical Conference held last week in Houston. Global petrochemical demand continues to grow two to three percentage points above the rate of world GDP, and demand in Asia and China account for about 60% of that growth, Glass says. Asia is likely to make up 50% of world demand by 2015, and...

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