03 June 2003 17:46 [Source: ICIS news]PARIS (CNI)--French chemicals sales are expected to grow by around 3% in volume next year, trade association Union des Industries Chimiques (UIC) forecast on Tuesday.
Excluding pharmaceuticals, the growth would be 2.4% in 2004. Pharmaceuticals sales are expected to increase by under 5%.
The UIC also confirmed a 2.2% (1.1% excluding pharmaceuticals) growth this year, based on a second half upturn in world economic activity.
Volume growth for base chemicals is forecast to increase by 1.8% in 2003 over 2002 and by 2.2% in 2004 over 2003. Expansion will be spurred by the 2.7% growth in 2003 and 2.5% rise in 2004 of organics, boosted by stock buildup in the various downstream industries and by an overall world economic upturn.
Minerals will post a mere 0.4% growth in 2003 as certain productions are scrapped in France, before picking up to 1.3% in 2004. Fertilisers will still remain weak at 1-2% growth this year.
Faced with a mature market and strong pressure from final distributors and consumers, agrochemicals volumes are forecast to fall. Paints, varnishes and glues growth should be helped a relatively favourable building market although the outlook for the automobile industry remains uncertain.
A significant recovery of 3% growth in 2003 and 4% in 2004 is expected for soaps, perfumes and cosmetics as world demand increases.
Pharmaceutical sales will continue to grow by around 5% in 2003 but this will fall to 4.5% in 2004 due to the developing generics market and new pricing policies for medicines.
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