Petrochemicals: What’s in store for global polyethylene and polypropylene out to 2027?

Worldwide polyethylene capacity is seen to grow from 108.3 million mt in 2016 to 150 million mt by 2027, with around 10 million mt of speculative capacity included into our forecasts post 2024. Platts Analytics expects production to grow from 93 million mt in 2016 to 133.6 million mt by 2027. Global operating rates are expected to average 85.3% in that time period. However, during the period of excessive capacity additions led by the US, China and Iran between 2017 and 2023, rates are expected to average just below 83%, dropping to as low as 81.9% in 2020 to balance the market.

Spotlight

Pan Asian Chemicals Inc.

Emerging in New York nearly a decade ago from the consolidation of several companies, Pan Asian Chemicals Inc., a privately held company, is now headquartered in the “Oil Capital of the World,” Houston, Texas, with representative offices in New York, California, Virginia, Washington D.C., Shanghai, Algeria, Mexico, Brazil and Peru.Specialized in the oil/gas sectors as well as water treatment, we provide complete turnkey supply chain services and minerals with exclusive distribution agreements from manufacturers in the Far East, USA, and former Soviet Union.

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Specialty Chemicals Market Overview

Infographic | December 26, 2019

The global specialty chemicals industry stood at almost $600 billion in 2018. Specialty polymers, industrial and institutional cleaners, electronic chemicals, surfactants, and flavors and fragrances were the largest sectors. Specialty chemicals are consumed in a wide variety of end use industries and growth is very much dependent on the health of the economy.

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Global Petrochemical Market

Infographic | January 17, 2020

Global petrochemical market was valued at around USD 621.1 billion in 2018 and is expected to grow with a GAGS of over 8.0% during the forecast period 2019-2025. Increasing use of polymers In the packaging and automotive industries Extensive use of methanol in various end-use industries Increasing paints &coatings demand Easy aye/lability of raw material from the addle East.

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U.S. Chemical Weapons Elimination Program's Key Successes

Infographic | February 28, 2020

The Centers for Disease Control and Prevention (CDC) oversees the U.S. chemical weapons elimination program. We've worked for over 30 years to keep Americans safe from dangerous chemicals in warfare materials by monitoring the process for safely destroying them and making sure workers and nearby communities stay safe and healthy.

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THE FUTURE OF PLASTIC RECYCLING

Infographic | January 30, 2020

The future of the plastic recycling market will mostly be a combination of mechanical recycling, depolymerization, and pyrolysis. Waste availability will determine which becomes dominant.

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PFAS WHAT YOU NEED TO KNOW

Infographic | December 28, 2019

WHAT ARE PFAS CHEMICALS? Per- and polyfluoroalkyl substances (PFAS) are a group of man-made chemicals that includes PFOA, PFOS and GenX chemicals. Since the 1940s, PFAS have been manufactured and used in a variety of industries around the globe, including in the United States. PFOA and PFOS have been the most extensively produced and studied of these chemicals. Both are very persistent in the environment and in the human body. Exposure to certain PFAS can lead to adverse human health effects.

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Working in heat can be hazardous and can cause harm to workers

Infographic | December 18, 2019

You must do everything reasonably practicable to eliminate the risks of working in heat. Where the risk cannot be eliminated, it must be minimised as much as reasonably practicable. Different workers may react differently to heat conditions. 5 Heat is not just a hazard when working outdoors on hot days. Consider the conditions inside your workplace and what hazards may be present.

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Spotlight

Pan Asian Chemicals Inc.

Emerging in New York nearly a decade ago from the consolidation of several companies, Pan Asian Chemicals Inc., a privately held company, is now headquartered in the “Oil Capital of the World,” Houston, Texas, with representative offices in New York, California, Virginia, Washington D.C., Shanghai, Algeria, Mexico, Brazil and Peru.Specialized in the oil/gas sectors as well as water treatment, we provide complete turnkey supply chain services and minerals with exclusive distribution agreements from manufacturers in the Far East, USA, and former Soviet Union.

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