Forecast: What to Expect in a Year of Recovery

While the outlook for 2010 is optimistic, industry sentiment remains cautious as producers hope that recent demand improvement—spurred largely by huge global stimulus programs—can be sustained. Global chemical industry output is forecast to increase 4.6% this year, just about offsetting a 4.6% contraction in 2009, according to ACC estimates. “As more markets recover, a 5% gain in global output is expected in 2011, and a 5.1% gain in 2012,” says Kevin Swift, ACC chief economist and managing...

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