• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Purdue’s Xiulin Ruan Develops World’s Whitest and Coolest Paint

    Aerospace Coatings

    Biocides Directory

    Lab & Testing Equipment Directory

    Europe’s Top Paintmakers Pull Themselves Up Further
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Raw Materials & Equipment
    Video Bites
    Suppliers News
    Live From Shows
    Top News
    120 Years HOFFMANN MINERAL - Success Through Innovation and Responsibility

    New ‘Invisible’ Coating Against Bacteria

    Sherwin-Williams Launches Ultra-High-Solids Epoxy

    IMCD Strengthens North America Technical Capabilities with New Lab

    Sherwin-Williams Leads Global Paints Brands in Value: Brand Finance
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    Sherwin-Williams Launches Ultra-High-Solids Epoxy

    On The Road With Benjamin Moore in the UK

    Fischer Homes Selects PPG as Exclusive Paint Provider for New Home Builds

    Brightland Homes Selects PPG as Exclusive Paint Provider for New Home Builds

    PPG Selects Chestnut Brown as Stain Color of the Year for 2023
    Additives
    Binders
    Pigments
    Solvents

    120 Years HOFFMANN MINERAL - Success Through Innovation and Responsibility

    Active Minerals International Announces 2023 Price Increase

    LANXESS Doubles Capacity for High-Purity Benzyl Alcohol in North America

    Nouryon Signs First Power Purchase Agreement for Onsite Solar Project in U.S.

    Weak Economy Characterizes Difficult 1Q 2023 for Evonik
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Shepherd Color Company, The

    Arkema

    W. R. Grace & Co.

    Active Minerals

    Siltech Corporation
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    66th Annual Sink or Swim

    Middle East Coatings Show

    2023 CoatingsTech Conference

    Greenbuild International Conference + Expo

    The Gulf Coatings Show
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Shepherd Color Company, The

    Arkema

    W. R. Grace & Co.

    Active Minerals

    Siltech Corporation
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Glossary
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Expert's Opinion

    IHS: Slowing Economy Means Mixed Fortunes for Asia’s Chemical Industry, But Margins Still Healthy

    ...

    11.02.15
    Despite a slowdown in China’s economic growth that saw the country’s economy advance just 6.9 percent in the first three quarters of 2015, demand for chemicals in China remains healthy and growing, thanks to the country’s role as a global leader in consumer goods manufacturing and growing domestic consumption, said IHS (NYSE: IHS), the leading global source of critical information and insight.

    “Demand growth for chemicals in China will continue to provide opportunities for the global chemical industry,” said Paul Pang, vice president, greater China, for IHS Chemical. “Benefiting from its explosive growth in the consumer goods manufacturing sector, China has become the world’s largest consumer of chemicals. Currently, the country consumes more than one third of the world’s base chemical production, which is greater than all of Europe combined or all of North America.”

    To meet growing chemical demand, China has invested not only in conventional petrochemicals, Pang said, but also in unconventional chemicals. “By 2020, close to 40 percent of olefins in China will come from unconventional feedstocks, such as methanol-to-olefins (MTO), coal-to-olefins (CTO), and propane dehydrogenation (PDH),” Pang said. “This is up from 20 percent in 2015, and up from a rate of nearly zero percent of olefins coming from unconventional sources just five years ago. We at IHS Chemical expect investments in unconventional olefins production to peak this year at more than U.S. $20 billion.”

    Pang will delve into the opportunities and new growth areas in the Chinese market in his upcoming presentation at the Third Annual Asia Chemical Conference, scheduled for 5-6 November, 2015, in Singapore. He will discuss implications of the slowdown in China’s GDP growth on energy and chemicals, as well as major trends in the country’s chemical sector.

    “The world economy is stuck in low gear,” said Nariman Behravesh, chief economist at IHS. “Since 2011, global growth has been ‘range-bound’ between 2.5 percent and 2.8 percent—well below the average growth rate of the past two decades,” Behravesh said. “The world economy is being dragged down by supply-side and demand-side constraints.”

    However, Behravesh said lower oil prices are actually benefitting the plastics industry and stimulating plastics demand in Asia, particularly in countries such as China and India. “Lower oil prices are driving consumer spending in Asia for many lower-cost consumer goods and electronics, as well as processed foods and soft drinks, all of which are packaged in plastic.”

    The rest of Asia, however, is likely to feel the pain from the slowdown in China’s growth rates. “The mood of chemical producers in much of the rest of Asia is one of apprehension,” said Tony Potter, vice president, Asia Pacific, at IHS Chemical. “Nonetheless, it has been a good year for many olefin and polyolefin producers, since cracker margins were buoyed by a tight market, and product-price declines generally lagged those of the underlying oil and naphtha prices.”

    IHS expects average margins to slip in 2016, however, due to concerns over China’s economy, as well new supply coming on-stream. “Producers fear that China’s economic performance will be less robust than forecast,” Potter said, “which could undermine demand. Additionally, they know that in 2017, the global market will have to accommodate large volumes of new material from the new coal-based Chinese plants, and the new ethane crackers expected online in the U.S.”

    Potter cautioned, however, that not all olefins value chains are equal. Investments in coal- and ethane-based olefins are creating supply gaps in C4s and aromatics. In addition, he said, the supply-demand stories for elastomers and fibers are complicated by large inventory overhangs of natural rubber and cotton.

    Martin Laudenbach, president, Asia Pacific, at Solvay, will deliver a keynote at the conference, where he will also discuss Asia’s role in the next chemical cycle. 

    A number of other industry and IHS experts will join Pang, Potter and Solvay’s Laudenbach in presenting insight and analysis relative to the outlook for the global and Asian chemical industries. The IHS Asia Chemical Conference is the only event providing a comprehensive, integrated picture of Asia’s chemical industry, with analysis consistent across multiple value chains and end-use markets. For a complete agenda and list of speakers, please visit www.ihs.com/asiachem2015

     
    Related Searches
    • chemical china
    • conference
    • china
    • chemical
    Suggested For You
    ChemQuest Group: 2016 Wells Fargo Webcast Report is Available ChemQuest Group: 2016 Wells Fargo Webcast Report is Available
    IHS: New ExxonMobil and Saudi Aramco Technologies Produce Ethylene Directly from Crude Oil IHS: New ExxonMobil and Saudi Aramco Technologies Produce Ethylene Directly from Crude Oil
    Growing Infant & Aging Populations Drive Demand for Super Absorbent Polymers Growing Infant & Aging Populations Drive Demand for Super Absorbent Polymers
    Growing Latin American Demand for Polyethylene Far Outstrips its Production and Planned Additions Growing Latin American Demand for Polyethylene Far Outstrips its Production and Planned Additions
    Oil Collapse, China Heighten Long-term Structural Change in Chemical Industry Oil Collapse, China Heighten Long-term Structural Change in Chemical Industry
    Radiation-Curing Technologies Radiation-Curing Technologies
    IHS: Decline in Oil Price Leads to Near-Term Market Weakness, Ultimately Drives Higher Demand IHS: Decline in Oil Price Leads to Near-Term Market Weakness, Ultimately Drives Higher Demand
    IHS: Olin Rises to Top Producer in Chlor-Alkali Industry Following Merger w/Dow Chlorine Products IHS: Olin Rises to Top Producer in Chlor-Alkali Industry Following Merger w/Dow Chlorine Products
    IHS: U.S Shale Production Enables Greater Opportunities for Marcus Hook Industrial Site as Key Link IHS: U.S Shale Production Enables Greater Opportunities for Marcus Hook Industrial Site as Key Link
    IHS Chemical Comments on Tianjin Explosion IHS Chemical Comments on Tianjin Explosion
    Driven by Shale Development, Oil Field Chemicals Market Reached $25 Billion in 2014 Driven by Shale Development, Oil Field Chemicals Market Reached $25 Billion in 2014
    Driven by Shale Development, Oil Field Chemicals Market Reached $25 Billion in 2014 Driven by Shale Development, Oil Field Chemicals Market Reached $25 Billion in 2014
    Pending Home Sales Maintain Momentum in May Pending Home Sales Maintain Momentum in May
    Investment in Iran’s Petrochemical Sector Could Reap Large Returns for Nimble Investors Investment in Iran’s Petrochemical Sector Could Reap Large Returns for Nimble Investors

    Related Breaking News

    • Breaking News

      ChemQuest Group: 2016 Wells Fargo Webcast Report is Available

      ...
      08.25.16

    • IHS: New ExxonMobil and Saudi Aramco Technologies Produce Ethylene Directly from Crude Oil

      ...
      07.06.16

    • Growing Infant & Aging Populations Drive Demand for Super Absorbent Polymers

      ...
      06.21.16


    • Growing Latin American Demand for Polyethylene Far Outstrips its Production and Planned Additions

      ...
      05.26.16

    • Oil Collapse, China Heighten Long-term Structural Change in Chemical Industry

      ...
      04.11.16

    Loading, Please Wait..
    Trending
    • Sherwin-Williams Launches Ultra-High-Solids Epoxy
    • PPG Invests $44 Million To Boost Global Powder Production
    • Sherwin-Williams Leads Global Paints Brands In Value: Brand Finance
    • AkzoNobel Launches Bisphenol-Free Internal Coating For Beverage Can Ends
    • Boeing Starts Construction On New St. Louis Facility
    Breaking News
    • 120 Years HOFFMANN MINERAL - Success Through Innovation and Responsibility
    • New ‘Invisible’ Coating Against Bacteria
    • Sherwin-Williams Launches Ultra-High-Solids Epoxy
    • IMCD Strengthens North America Technical Capabilities with New Lab
    • Sherwin-Williams Leads Global Paints Brands in Value: Brand Finance
    View Breaking News >
    CURRENT ISSUE

    May 2023

    • Purdue’s Xiulin Ruan Develops World’s Whitest and Coolest Paint
    • Aerospace Coatings
    • Biocides Directory
    • Lab & Testing Equipment Directory
    • Europe’s Top Paintmakers Pull Themselves Up Further
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Stefan Pasiakos, PhD, Selected to Lead NIH Office of Dietary Supplements
    Verdure Sciences Receives Award for Sustainable, Ethical Turmeric Sourcing
    BGG Receives Patent for Saw Palmetto ID Method
    Coatings World

    Latest Breaking News From Coatings World

    120 Years HOFFMANN MINERAL - Success Through Innovation and Responsibility
    New ‘Invisible’ Coating Against Bacteria
    Sherwin-Williams Launches Ultra-High-Solids Epoxy
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Freudenberg Medical Implements Virtual Reality Training for Employees
    Siemens Healthineers and CommonSpirit Health Acquire Block Imaging
    Japanese Regulators Approve EDAP's ExactVu Micro-Ultrasound
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Getinge Acquires High Purity New England
    3M Invests $146M in Biopharma Filtration Technology
    Impact Therapeutics, Eikon Partner to Develop PARP1 Selective Inhibitors
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Kiehl’s Celebrates Pride by Supporting The Trevor Project
    L’Oréal & UNESCO Announce 2023 Laureates of the For Women in Science International Awards
    Sky Organics Earns B Corp Certification
    Happi

    Latest Breaking News From Happi

    P&G Patents Laundry Detergent with EO/PO/EO Triblock Copolymer, Lipase
    Gojo Patents Non-Antimicrobial Cleansing Composition
    Beauty Pie Taps Kevin Cornils as CEO
    Ink World

    Latest Breaking News From Ink World

    Graphco and Printing & Finishing Solutions Participate at IPMA
    IMCD Strengthens North America Technical Capabilities
    Arkema Partners with Habitat for Humanity Philadelphia
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    ACTEGA teams with Makro Labelling to advance Signite technology
    Constantia Flexibles and SB Packagings commence joint venture
    Inland donates new VersaStudio printer to local high school
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    What You’re Reading on Nonwovens-Industry.com
    Biodiapers Signs Agreement with Sicam
    Sinaatec Uses Two A.Celli End-Of-Line Solutions
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Artelon Closes $20M Series B Funding
    Orthofix Unveils Seven-Year Outcome Data for M6-C Artificial Cervical Disc
    Enrollment Completed in Anika Therapeutics' Hyalofast Study
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Arkema Collaborates with Habitat for Humanity Philadelphia
    Vitesco Technologies, onsemi Sign SiC Long-Term Supply Agreement
    Ambiq Receives 2023 Bronze Stevie Award

    Copyright © 2023 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login