16 June 2010 17:54 [Source: ICIS news]
BERLIN (ICIS news)--Phenol demand in Asia is expected to grow by 6.6% per year to over 5m tonnes/year by 2015, with China leading the growth, a company executive said on Wednesday.
Phenol demand in ?xml:namespace>
However, global phenol demand was expected to grow at a slower rate of 4.1% per year until 2015, driven by growth in the downstream BPA sector, he said.
Global demand would hit 10m tonnes/year in 2015 – up from 7.6m tonnes/year in 2009, according to Kasuya.
Despite the recent build-up of capacity in
However, the shortfall was expected to drop from 400,000 tonnes in 2010 to 66,000 tonnes in 2015 as a number of phenol facilities were due to come on stream in the next couple of years, he added.
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