Wednesday, December 30, 2009

The Great Global Divide

The global recession is opening up a big gap in output performance between the chemical industries of the developed and developing worlds, which will continue to widen over the next few years.

Chemical producers in the emerging economies of countries such as China, India and Brazil are using expanding domestic demand to grab a larger share of the global chemicals market.
China is already accounting for 17 per cent of the world's chemical output,' says Thomas. 'The high growth in chemical production will continue in 2010 because of the large number of new chemical plants due to come on stream in the country during the year. Their output will slow down the big inflow of imports into China.'
Read more about this topic here at Chemistry World.

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