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INEOS is to spend $2bn building 3 chemicals plants in Saudi Arabia. Commenting on the news, Wood Mackenzie Chemicals Principal Analyst, Patrick Kirby, said:
As spandex closes in on sales of 1 million tonnes, industry structures will change to meet competition from China and the challenge of closed-loop recycling, according to recent Wood Mackenzie Chemicals research.
Europe's flexible packaging market is predicted to achieve a compound annual growth rate (CAGR) of 2% over the next five years to reach over €16 billion in 2023.
SP Olefins, a subsidiary of SP Chemicals, successfully started up its 650 ktpa steam cracker and was able to produce on-spec olefins.
Spot prices of monoethylene glycol (MEG) and polyethylene (PE) have spiked in Asia, following news of the drone attacks on oil facilities in Saudi Arabia over the weekend. These two commodities are the two main chemical exports of the region.
Airbags are a core and growing part of the industrial textile portfolio. Current global airbag yarn demand sits at 164 ktpa and is expected to reach 237 ktpa by 2025, according to a new report from Wood Mackenzie.
The global Biaxially Oriented Polypropylene (BOPP) film market has seen demand grow by just under 5% per annum over the last five years. The main driver of growth has been the demand for flexible packaging, particularly in China and South East Asia, according to Wood Mackenzie’s latest ‘BOPP Film Global Supply Demand Report’.
We're highlighting our most popular reports. Gain instant access to detailed data — by the numbers and with visualisation — to address business challenges and make better, more strategic decisions.
2019 has been a year of successes within the recycled PET (RPET) industry.
Chinese polyester market growth is expected to sit at just below 3% in 2020, a marked decline from the strong growth seen between 2018 and 2019. This dip in performance is mainly due to slashed growth for bottle-grade PET, according to Wood Mackenzie.
In a recently published report, Wood Mackenzie predicts the start of a downcycle in China’s petrochemical industry. A supply overhang has already hit the country’s paraxylene (PX) market, with olefins and polyolefins markets almost certain to face the same.
What if the energy transition accelerates? And what that could mean for renewables, coal, oil, gas and emissions. Simon Flowers investigates.
The European PET market is currently in a state of turmoil, which has principally been caused by a lack of PTA feedstock and reduced imports.
Our latest study of the Indian flexible packaging market place ‘Flexible Packaging Supply Demand Study – India’ shows that despite the current uncertainty in the Indian economy, demand for flexible packaging continues to grow at a pace, reaching an estimated $5.6 billion in 2017. India now has the fourth largest flexible packaging market, representing around 6% of the global market, behind the US, China and Japan.
Qatar Petroleum (QP) recently announced it has invited a group of leading international companies with extensive experience in the petrochemical industry to submit proposals for partnering with QP in the development and operation of a new world-scale petrochemicals complex at Ras Laffan Industrial City. If completed, how will it fit into Qatar’s existing ethylene asset portfolio?
What are our petrochemical industry colleagues in the Commonwealth of Independent States (CIS) thinking about?
What should the global polyethylene industry brace themselves for in 2018?
Maritza Ramirez recently presented at the LAPET Meeting in Mexico city. In her presentation, “Are Changes in Global Supply and Demand Helping or Hindering the Latin American PET Industry?”, Maritza, Senior PET Consultant for Wood Mackenzie Chemicals, explained that PET events in China or Europe can have immediate effects in Latin America.
We posed 8 questions to Steve Jenkins, Vice President Consulting – Chemicals, Polymers & Fibres about China’s petrochemicals market...
As global propylene consumption continues to grow, petrochemical companies will need to invest in novel on-purpose technologies to meet demand.
The show will soon be over for Dupont and we can say that this respected name once synonymous with polyester film has “left the building”.
Understand why Spandex market growing twice as fast as other fibres. See more.
Steve Zinger, Senior Vice President Chemicals, assesses changing investment patterns of US chemicals companies in a major article by the Wall Street Journal entitled The shale gas revolution in just one word: Plastics
What’s next for the flexible packaging market? Learn more.
What is driving flexible packaging growth in Poland, Italy and Turkey? Read more.
Kelly Cui, Olefins Senior Consultant, provides a high-level overview of China’s CTO/MTO development opportunities and challenges to assess the sustainability of this emerging olefin force.
The lower crude oil pricing environment that has been in place for almost the last three years has influenced the olefin cost curve around the World. The deviation between advantaged and disadvantaged regions has narrowed, levelling the playing field much more.
Kelly Cui, our expert in CTO, explains how this emergent technology could transform global olefins and olefins derivatives trade by enabling China to become more self sufficient in ethylene, propylene and butadiene.
We have created an exclusive map displaying the location of global ethylene assets. Explore the locations of ethylene production facilities across the Americas, Europe, the Middle East, Africa, Russia and Asia Pacific.
Steve Zinger assesses changing investment patterns of US chemicals companies in a major article by the Wall Street Journal. He evaluates how global ethylene consumption is growing and explores the drivers for this from a low gas price to new and plentiful sources of supply in North America.
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