01 October 1999 04:08 [Source: ICIS news]
TAIPEI (CNI)--Output of Taiwan's electronic chemicals industry will likely reach NT$50.0bn ($1.6bn/Euro1.5bn) next year, and is projected to grow by 20-30%/year over the next five years, CNI learned Friday.
Data released by Taipei's Ministry of Economic Affairs (MoEA) showed that electronic chemicals are the fastest growing chemical sector in the country. "Domestic demand for such chemicals has increased by 150% over the past four years," MoEA added.
It attributed the demand growth to the escalation in electronics output in Taiwan and neighbouring countries, particularly Japan. Taiwan is one of Asia's major electronics production centres.
Several Taiwanese petrochemical majors have ventured into the production of electronic chemicals, and many others have firm plans to develop lines.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections