IHS Chemical Week

Chemical Week Magazine :: Business & Finance :: United States/Americas

IHS Chemical: Basic Chemical Demand to Hit 1 Billion m.t. in 2020

5:50 AM MDT | April 6, 2012 | —Robert Westervelt in Houston

Global petrochemical and plastics demand will expand about 4.4%/year through 2020, Gary Adams, chief advisor for IHS Chemical, told attendees at IHS Chemical’s recent World Petrochemical Conference in Houston. Surging demand in high-growth economies and capacity expansion in low-cost production regions will accelerate global trade of petrochemicals and plastics, Adams says. Global petrochemical earnings should reach a peak in 2015-2017. “Global demand for basic chemicals will reach 1 billion m.t. [/year?] by 2020, up from current levels of 680 million...

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