China Leads Petchems Demand

World’s Largest Market Will Continue Its Rapid Expansion Looking up: China's chemicals demand is forecast to rise 50% in the next five years. China is “the driving force for global petrochemicals, and the country now stands as the world’s largest petrochemicals market,” Paul Pang, managing director, IHS CMAI (Shanghai), told delegates at the CMAI workshop: Outlook of the Global Petrochemical Industry, held September 9, in Tianjin, China. The workshop took place during the China Petroleum and Chemical International Conference, organized by...

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