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Analyzing the global petrochemical industry 2013

Wednesday, Feb 13, 2013

Research and Markets (http://www.researchandmarkets.com/research/n6bj69/analyzing_the) has announced the addition of the "Analyzing the Global Petrochemical Industry" report to their offering.

The petrochemical industry of today is an indispensable part of the manufacturing and consuming sectors, churning out products which include paint, plastic, rubber, detergents, dyes, fertilizers, textiles, and even solvents.

The 21st century is seeing a paradigm shift from West to East in the Petrochemicals business, with the Middle East emerging as global production hub with natural advantages of low cost feedstock.

Major consumption centers are shifting to Asia given the rapid growth in demand in China on account of chemical intensive and export driven industry & India emerging as global consumption centers.

This trend is likely to also shake up the global petrochemical industry with emergence of National Chemicals and Oil Companies as global players and established western companies having to exit or shrink unless they realign by moving eastwards through partnerships or strategic alliances to be near the consumption centers to catch up with Asia Petrochemical boom.

However, as regional petrochemicals development continues, the industry will face significant challenges relating to energy and feedstock availability and to climate change, particularly carbon dioxide emissions.

To sum it up, focus in 2009 remains at construction of olefin projects in Middle East, economic development and demand in Asia Pacific and supply and pricing of petroleum and natural gas.

The Global Petrochemical Industry is analyzed in detail by Aruvian's R'search which presents a very fundamental understanding of the various petrochemical derivatives underlined with their commercial outlook in the global petrochemical industry. The report also elaborates in detail on the region wise competitive moves and overtures into the global petrochemical industry as well as the emergence of new heavyweights as Asian producers into the top echelons of the global petrochemical industry.

Source: Business Wire

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