HP Impact: China, India likely regions for bulk of new chemical investments
The worldwide market for plant-levelexpenditures in the chemical industry, which totaled more than $214billion in 2003, will reach almost $241 billion by the end of 2008.This totals a modest cumulativ..
The worldwide market for plant-level
expenditures in the chemical industry, which totaled more than $214
billion in 2003, will reach almost $241 billion by the end of 2008.
This totals a modest cumulative annual growth rate of 2%, according
to a new study by the ARC Advisory Group.
The US chemical industry is suffering
from over-capacity. However, as the economy improves, plant-level
expenditures in North America will experience some growth. The
European chemical industry grew modestly in 2002 and will continue
to grow during the forecast period.
Although there is significant concern
in the developed countries of Western Europe, North America and
Japan regarding the
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