23 November 2010 18:00 [Source: ICIS news]
BERLIN (ICIS)--Paraxylene (PX) demand is expected to grow strongly over the next several years, especially in developing countries’ textiles and packaging sectors, an energy and chemical consultant with Nexant said on Tuesday.
Speaking at the ninth European Aromatics and Derivatives conference in ?xml:namespace>
However, PX will remain oversupplied before recovering through to 2015, possibly delaying the start-up of any new aromatics complexes currently under study, Hensman noted.
PX demand grew by a compound average growth rate of 6.6% per year over the 2000-2007 period. Demand slipped by 4% in 2008 before recovering back to 2007 levels in 2009, he said.
Regarding developing countries’ markets for polyethylene terephthalate (PET) bottle resins, Hensman said there is still room for further growth, with significant potential in
PET bottle demand in
New purified terephthalic acid (PTA) capacity will outweigh developments in PX, leading to a PX shortage in
Hensman said he expects that new capacity in the
However, the Middle East will face fierce competition from new export-oriented plants in
The ninth Aromatics and Derivatives Conference, organised by ICIS and International eChem, concludes on 24 November.
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