Alternate feedstock options for petrochemicals: A roadmap
New hydrocarbons will be needed to meet future demand
Following the economic slowdown in
the US and Europe, a gradual demand shift has
occurred from west of the Suez to east of the Suez.
Asia-Pacific nations are the areas for energy and
petrochemical-based product demand growth. After China, India
is the next growth hub for chemicals. A steadily growing middle
class, which is about one third of the population, is a
significant driver in Indias economy and supports new
petrochemical/chemical consumption. This young population with
rising incomes is responsible for growing demand for consumer
durable goods, such as automobiles and packaging. Petrochemicals constitute over 20%
of the total chemical sector output63% as polymers and
29% as synthetic fibers.1
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