Related Articles
Forward article link
Share PDF with colleagues

Uneven progress for world chemicals business

The worldwide chemicals business is strengthening but Europe is lagging

For chemicals operators in the US, these are encouraging times: demand in consumer industries is buoyant while feedstock prices are competitive. Asian operators are seeing growth in demand, although they face feedstock headwinds. The main problem is Europe – home of much of the world’s chemicals capacity – where demand has been flat and feedstock costs are high. Overall, the worldwide chemicals business had a better year in 2013 than in 2012, and the signs are that progress is continuing this year. But many operators say business is a struggle, with gains in volume sales being offset by cuts in prices. Manufacturing capacity for high-volume base and intermediate chemicals has increased sign

Also in this section
Latest licensing rounds
24 May 2017
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses
Kuwait's new dynamism
24 May 2017
The country wants to shake off its reputation for delays and energy sector in-fighting
While Opec was cutting...
22 May 2017
The Permian will lead a strong US onshore recovery in 2017, while former stalwarts the Eagle Ford and Bakken struggle to regain their footing