January 2004

Trends and Resources

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..

Weirauch, Wendy, Hydrocarbon Processing Staff

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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