07 November 2010 19:12 [Source: ICIS news]
RIO DE JANEIRO (ICIS)--Global phenol demand is expected to grow by about 5%/year between 2010 and 2015, led by strong growth in Asia and Latin America, an executive with French specialty chemicals producer Rhodia said on Sunday.
Phenol demand is forecast to rise by approximately 6%/year in Asia and Latin America during the period and by 1-2% in the US and Europe, said Vincent Kamel, president of Rhodia’s newly created Coatis business for oxygenated solvents and phenol-based products.
The phenol market will resume similar growth rates to those witnessed between 2002 and 2008, following a dip in 2009, he told ICIS in a telephone interview at the Latin American Petrochemical Association (APLA) annual meeting. Demand fell in Europe and the US in 2009, he noted.
Rhodia manufactures phenol-based products and derivatives specifically for the Latin American market. Almost 100% of output from the company’s 240,000 tonne/year plant in Paulinia, Sao Paulo, southeast Brazil, is destined for Latin America, Kamel said.
The company plans to raise the capacity of the Paulinia phenol plant in line with Latin American demand. The last debottlenecking, to about 240,000 tonnes/year, was completed in August, Kamel said. The timing of the next debottlenecking has not yet been decided, but could take place in 2012, he suggested.
APLA continues through Tuesday.
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