Growth in petrochem demand drives growth of Petrochemical Infrastructure Market

The petrochemical infrastructure market has seen rapid growth over the past decade. Growth in demand for petrochemical products has been the major underlying driver of growth. The manufacturing and production of modern industrial and consumer goods requires polymers and derivatives of petrochemicals which are integral to almost every product. There is no sign of a change in this practice, as petrochemicals can provide a low cost and optimal product for the majority of manufacturing situations. Visiongain calculates global investment in the petrochemical infrastructure market will reach US$64.1 bln in 2012. Global petrochemical infrastructure is both adding capacity to accommodate larger volumes of primary petrochemicals, as well as to produce more sophisticated petrochemicals that have specific qualities. Some of the most advantageous properties of petrochemicals are their high strength, low density, inert characteristics and their relatively low price that make them suitable for use in many scenarios from the packaging of food and drinks to clothing. Meanwhile, other high strength petrochemical materials and adhesives are widely used in the construction industry. The major trends in the petrochemical infrastructure market are outlined in this report. This report also evaluates various drivers and restraints of the market in order to provide readers with specific insights into the future direction of the petrochemical infrastructure market.
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