August 2019

Trends & Resources

Business Trends: The new petrochemical market—Adapting to demand

A bit of advice for players in the petrochemical market: Hold on to your hats!

Murphy, R., Allegro Development Corp.

A bit of advice for players in the petrochemical market: Hold on to your hats! Like many other energy sectors, petrochemical global market demand is increasing rapidly due to the need for everyday products, such as plastics and petrochemical derived fibers. As a result, the International Energy Agency’s (IEA) “The future of petrochemicals” report projects that petrochemicals will account for “more than a third of the growth in world oil demand to 2030.” Surprised? If so, you are not the only one. “Our economies are heavily dependent on petrochemicals, but the sector receives far less attention than it deserves,” said IEA Executive Director Dr. Faith Birol. “Petrochemicals are one of the key

Log in to view this article.

Not Yet A Subscriber? Here are Your Options.

1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Hydrocarbon Processing magazine.

2) SUBSCRIBE to Hydrocarbon Processing magazine in print or digital format and gain ACCESS to the current issue as well as to 3 articles from the HP archives per month. $409 for an annual subscription*.

3) Start a FULL ACCESS PLAN SUBSCRIPTION and regain ACCESS to this article, the current issue, all past issues in the HP Archive, the HP Process Handbooks, HP Market Data, and more. $1,995 for an annual subscription.  For information about group rates or multi-year terms, contact J'Nette Davis-Nichols at or +1 713.520.4426*.

*Access will be granted the next business day.

Related Articles

From the Archive



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}