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Global new chemical capacity will peak and decline in 2014

wallpapers News 2020-09-14

predicts that the global new chemical production capacity will reach a peak of US $120 billion in 2014 begin to decline. According to the latest report of IHS, Asia will maintain the leading position in the global supply dem of chemicals after 2020, but it will also lose some business with the transfer of new production capacity to the United States the Middle East. The US the Middle East have an advantage in cheap raw materials, in part because of unconventional shale energy.

"Asian producers will begin to be affected by the economic slowdown the raw material cost advantages enjoyed by their competitors in the Middle East North America. In this regard, Chinese chemical producers are increasing their coal based capacity, which is a low-cost raw material that they have an advantage over. " Russell heinen, director of technology analysis at IHS.

he pointed out that the capacity increase is exping in North America. At present, the new capacity of the United States is expected to exceed 15 million [metric tons] in 2017, reaching the peak, accounting for about 20% of the world's total new capacity.

"from 2013 to 2018, China alone will add 9 million tons of polyethylene capacity, which is huge." Nick vafiadis, senior director, global olefins plastics. "It is also significant that most of these new capacities are quite competitive in cash costs due to advances in coal to olefin technology."


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TRUNNANO (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years' experience in providing super high-quality chemicals and Nanomaterials. The nitride powder produced by our company has high purity, fine particle size and impurity content. Please contact us if necessary.
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