03 April 2012 19:34 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)--Since the announcement of the 2014 World Cup and the 2016 Olympics in Brazil, huge infrastructure and construction projects have pushed up demand for chemicals in the region, an industry executive said on Tuesday.
“A lot of projects were postponed at first but now we see a lot of construction to get ready for the World Cup and Olympics,” a purchasing manager said on the sidelines of the International Petrochemical Conference (IPC). “Roads, stadiums and hotels are all going through improvement projects.”
The construction market is a key downstream consumer sector for the chemicals industry, driving demand for a wide variety of chemicals and chemicals-based products such as plastic pipe, insulation, paints and coatings, adhesives and synthetic fibres, among many others.
Hosted by the American Fuel & Petrochemical Manufacturers (AFPM), the IPC continues through Tuesday.
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