Global chemical growth slows


The latest American Chemistry Council report on global production growth makes sombre reading for anyone outside the Middle East:

• Global growth (dark green) is now only 1.4%, versus 4.1% in January
• N American growth (dark blue) declined by 2.4% in August
• European growth (light green) was down 1.5% in July
• Central/Eastern European growth (light blue) went negative in July
• Asian (brown) and Latin American growth (pink) are both falling

By contrast, Middle Eastern growth (purple) is starting to ramp up, as the new plants come on line. Its advantaged cost base on feedstocks means, as suggested recently in our Feedstocks for Profit study, that it can still operate successfully whilst other regions have to cut back.

About Paul Hodges

Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry. He also serves as a Global Expert for the World Economic Forum. The aim of this blog is to share ideas about the influences that may shape the chemical industry and the global economy over the next 12 – 18 months. It looks behind today’s headlines, to understand what may happen next in critical areas such as oil prices, China and Emerging Markets, currencies, autos, housing, economic growth and the environment. Please do join me and share your thoughts. Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.

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