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.
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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.
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