• Growth of end-use industries like construction, automobile and packaging is one of the major factors driving the global petrochemicals market. Availability of raw materials in the Middle East, and government initiatives in India and China are also expected to drive the market for petrochemicals. Rapid development of shale gas as an alternative feedstock for petrochemicals is reshaping the chemicals industry in North America. However, shift towards bio-based chemicals coupled with environmental issues is projected to hamper market growth during the forecast period. Read more in Growing use of polymers to drive global petrochemicals demand at CAGR of 6.8% uptil 2020
  • With a population greater than China, but with a polymer demand less than 20%, the Indian sub continent is expected to enjoy the fastest growth in polymer demand anywhere in the world over the next five years. At the region’s current rate of growth, its thermoplastics market will surpass 20 mln tons by 2020; outstripping China and other emerging economies. The market in the region is dominated by India on account of its huge population and high GDP. To know more about the market drivers, current trends driving the market, the challenges and prospects of the industry in this region, read more Fastest growth in polymer demand expected in Indian subcontinent until 2020
  • Increasing global production of light naphtha could create a global surplus that exceeds market demand by 14 mln metric tons by 2020. This capacity expansion and surplus of light naphtha can be attributed partly to the rapid expansion of tight oil and shale gas production in North America. The global excess has been caused by excess oil production, and EPB (from natural gas liquids NGLs) displacing some of the naphtha demand away from steam-cracker feeds. Read more in Driven by shale energy production, global oversupply of light naphtha to continue through decade-end
  • Light weighting, metal substitution, new application development, trend towards electronic miniaturisation are some of the factors that will drive growth of the engineering plastics market in Asia Pacific region. As the global hub for low-cost manufacturing, Asia-Pacific has become the largest consumer of engineering plastics. Production upsurge, especially in countries such as the Philippines, Vietnam, and Thailand further enhance the attractiveness of this region. To get an insight into the growth drivers and restraints, recent trends and developments, future outlook, read Metal replacement, new application developments drive demand for engineering plastics in APAC
  • Engineering plastics market in North America is likely to maintain a healthy CAGR, with the United States accounting for the largest share in 2014. Styrene copolymers represent the largest, as also the fastest growing product segment. Metal replacement in existing products along with technological advances that will open the door to new applications will drive growth. Demand will be tempered by weak growth in mature markets and increasing competition from lower cost commodity resins. The largest markets for engineering plastics will continue to be the automotive and electrical and electronics sectors, with the fastest growth from the construction, medical and consumer markets. Read more in Metal substitution, technological advances to drive growth of engineering plastics in USA