JV Trends in the Petrochemical Industry examined in new in demand report now available at MarketPublishers.com

Tuesday, Dec 13, 2011

To gain a competitive edge, major petrochemical manufacturers are currently busy with attaining both economies of scale and geographic expansion. Producers’ desire to create a presence in demand-rich geographies and achieve higher growth rates has led to the increased number of partnership between companies of different regions. As European and North American producers are combating falling demand, they are establishing joint ventures with Asian or Middle Eastern companies to sustain their marginal income.

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

China is the largest petrochemicals market. The demand for basic petrochemicals and major plastics in the country is expected to reach 215.033 MMtpa in 2015, growing at a CAGR of 11.5%. The Middle East has also become an important destination for petrochemicals production. The governments’ subsidies on the petrochemical feedstocks have made it difficult for producers in other regions to compete.

New research report “Joint Ventures in the Petrochemical Industry - Key Strategy to Manage Globalization” elaborated by GlobalData features all-encompassing analysis of key market opportunities and challenges for petrochemical manufacturers globally.

Source: Business Wire