August 2000

Trends and Resources

HP Impact: Major chemical firms’ strategies in Asia

The globalization strategies of most leading chemical companies are based on a scenario of the world economy's development until 2010, according to analysts with SRI International, Menl..

Weirauch, Wendy, Hydrocarbon Processing Staff

The globalization strategies of most leading chemical companies are based on a scenario of the world economy's development until 2010, according to analysts with SRI International, Menlo Park, California. For Japan, North America and Western Europe, demand for chemical products will grow approximately 2.5%/yr. In contrast, the estimated figure for Southeast and East Asia is 6%/yr. By 2010, the Asia-Pacific market is forecast to be larger than that of Western Europe and the U.S. combined. Thus, the focus of the major chemical companies has shifted to the ASEAN countries, China and India. Most world-class chemical companies are

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