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Chemical Week Magazine :: Viewpoint

2012: Still a Growth Story

11:29 AM MST | January 10, 2012 | Robert Westervelt

Global chemical demand will continue to grow in 2012 even as solvency concerns in Europe, tightening credit and slower growth in China, and high unemployment in the U.S. weigh on confidence. ACC is forecasting a 3.6% gain in global chemical output in 2012, on par with the 3.5% gain in 2011 (p. 17). Chemical demand in emerging markets is forecast to grow 6.2% in 2012, after an increase of 5.4% in 2011, ACC says. Chemical output in developed nations will average a mere 2% in 2011-2012, according to ACC estimates. As Dow Chemical CEO Andrew Liveris noted in October...

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