05 June 2012 14:37 [Source: ICIS news]
TOKYO (ICIS)--Global demand for ethylene derivative products is expected to total 157.5m tonnes in 2016, a 30.4% increase from 120.9m tonnes in 2010, ?xml:namespace>
The average annual demand growth rate for ethylene derivatives over the period is expected to be 4.5%, METI said.
This represented an average growth rate of 5.8% per year between 2010 and 2016, led by growth in
The predictions based on each country’s outlook for chemicals production.
A total of 154.8m tonnes of ethylene derivatives are estimated to be produced globally in 2016, an increase from 122.7m tonnes in 2010, the data showed.
Among Asia’s total,
Meanwhile, the global capacity of ethylene derivatives is expected to increase to 169.1m tonnes in 2016 from 146.1m tonnes as of December 2010, growing by 2.5% per annum on average, the METI said.
The prediction was based on new projects for ethylene derivative plants globally, which are expected to come on stream by 2016, the ministry added.
Among the global total, the capacity of ethylene derivatives in
The ministry did not state the reason for
The global capacity for ethylene was expected to rise to 173.2m tonnes in 2016 from 144.9m tonnes in 2010, an average growth of 3.0% per annum, based on the ministry data.
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