Demand for ethylene forecast to be outpaced by expansion projects awaited in Asia and Middle East

01-Oct-12
Despite demonstrating healthy sustainable growth rate, the demand for ethylene is forecast to be far outpaced by the vast capacity expansion projects awaited in Asia, particularly China, and the Middle East, as per a report by Merchant Research & Consulting. Middle East capacity for ethylene has doubled in the past eight years and is projected to reach 20 mln tons by 2017. The Asia-Pacific will keep on dominating the market and generating over a third of global demand with China set to become the largest ethylene consumer ahead of the US and Saudi Arabia.
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