Asia is clearly the focal point for the future growth of demand in the chemical, fiber and plastics industries. It has a substantial population that is forecast to increase in purchasing power, and a ..
Asia is clearly the focal point for the future growth of demand in the chemical, fiber and plastics industries. It has a substantial population that is forecast to increase in purchasing power, and a manufactured cost position that will continue to make it the center of consumption.
However, the feedstock position is generally not as strong as other regions. Those countries that have the feedstock are thus in a strong position to capitalize on the substantial local market demand. A recent analysis from CMAI examines the complexities of Asia-Pacific's petrochemical business.
Economically, China is the engine of growth. Witness what its insatiable appetite for raw materials and
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