The state of the aromatics industry in Asia-Pacific was featured in a recent outlook by Bert de Guzman of DeWitt & Co. Assessing how long imports will prevail, he examined the region country-by-countr..
The state of the aromatics industry in Asia-Pacific was featured in a recent outlook by Bert de Guzman of DeWitt & Co. Assessing how long imports will prevail, he examined the region country-by-country. The following are key highlights from his presentation.
Economic growth of India and China drive demand for products and feedstocks. The gross domestic product (GDP) for Asia-Pacific (excluding Japan) averaged 7.3% in 2005 and is expected to decline to 6.8 % and 6.3%, respectively, in 2006 and 2007. China's strong economy supports GDPs of 8.7% and 8.2% – still above the regional average. Despite setbacks due to terrorism and political upheavals, Asia-Pacific is expected to remain stron
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