March 2000

Trends and Resources

HP Impact: HPImpact: World petrochemical industry overview

The outlook for the global petrochemical industry is featured in an updated report by CMAI (Houston, Texas), a petrochemical consulting company. The following are highlights from that company's market..

Weirauch, Wendy, Hydrocarbon Processing Staff

The outlook for the global petrochemical industry is featured in an updated report by CMAI (Houston, Texas), a petrochemical consulting company. The following are highlights from that company's market analysis. Global events and economic conditions impact the roles of regions and countries in the worldwide petrochemical marketplace. Currently, high oil prices are causing petrochemical prices to rise all around the world, threatening economic growth in some countries. Since mid-1999, the worldwide petrochemical market has been in the early stages of recovery from one of the worst downturns in many years (Fig. 1). Most petrochemical markets were oversupplied, and margins and

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