Joint Ventures in the Petrochemical Industry announces basic petrochemicals and major plastics are expected to increase To 215.033 Mmtpa In 2015

Wednesday, Dec 14, 2011

Research and Markets (http://www.researchandmarkets.com/research/3cb2ad/joint_ventures_in) has announced the addition of GlobalData's new report "Joint Ventures in the Petrochemical Industry - Key Strategy to Manage Globalization" to their offering.

“Joint Ventures in the Petrochemical Industry - Key Strategy to Manage Globalization”

GlobalData, the industry analysis specialist, has released its latest research, Joint Ventures in the Petrochemical Industry - Key Strategy to Manage Globalization. The study, which is an offering from the company's Petrochemical Research Group, provides an in-depth analysis of the joint venture trends in the global petrochemical industry. It explains the reasons for increase in joint ventures in the Asia Pacific and Middle East region. The study provides detailed analysis of joint venture deals in the recent past. In addition, it gives details of major companies active in joint venture deals across the globe. It also provides the historic and future forecasts of basic petrochemicals and major plastics production in China and the Middle East, which are driving the growth of the global petrochemicals industry.

China has established itself as the largest petrochemicals market owing to impressive demand from its large population. The demand for basic petrochemicals and major plastics increased from 42.051 MMtpa in 2000, to 124.703 MMtpa in 2010, at a CAGR of 11.5%, and is expected to increase to 215.033 MMtpa in 2015, at a CAGR of 11.5%. The growing Chinese demand provides opportunities for producers from other regions to utilize this demand by setting up joint ventures with Chinese companies. The Middle East has also become an important destination for petrochemicals production.

Source: Business Wire