GPCA 2010: Demand Rebounds but Supply Additions Still Loom

Demand for global petrochemicals has rebounded more strongly than expected in 2010, Gary Adams, president of CMAI (Houston) told attendees at the fifth annual Gulf Petrochemicals and Chemicals Association (GPCA) Forum, held last week in Dubai. Emerging economies, with Asia and India leading the way, are the primary growth drivers, he says. “The rebound has been quite strong, and demand growth is now tracking at just over 5%/year,” Adams says. Demand for basic petrochemicals and plastics was growing by about 20 million m.t./year in 2000-2005; CMAI now expects...

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