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Sunday, January 20, 2008
Global ethylene and propylene demand and capacity to see a dramatic change
The World olefins scenario is fast changing, as demand and capacity both witness a shift from North America and Europe to the Middle Eastern and Asian regions. Ethylene demand in 2006 will grow from 110 mln tons to 137 mln tons by 2011 at an average rate of 4.3%. This growth rate is marginally higher than the global GDP growth. Ethylene capacity in 2006, will grow from 21 mln tons to 156 mln tons by 2011 at an average growth rate of 5.2%. This will result in a reduction in capacity utilization from almost 92% in 2006 to about 87%. This will peg capacity utilization at a rate attractive and healthy enough for reinvestment or profitability. PE has the major market share of ethylene accounting for almost 60%. EO/EG & VCM are the other two applications that account for 25% of ethylene demand. Consumption pattern is likely to remain along similar lines in 2011.
For more details please click on the following link
http://www.plastemart.com/upload/Literature/Global-ethylene-propylene-demand-capacity-to-change.asp
For more details please click on the following link
http://www.plastemart.com/upload/Literature/Global-ethylene-propylene-demand-capacity-to-change.asp
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