The hottest emerging economic system continues to

Emerging economic systems continue to lead the global chemical industry

in the process of the global economy from recession to gradual recovery, the strong demand of emerging economies has become the main driving force for the global chemical industry. The economies of emerging market countries in Asia, Latin America and central and Eastern Europe are growing at a higher rate than those in developed countries in Europe and the United States. The performance of the chemical industry in emerging economies is more prominent. The operating conditions of many enterprises have recovered or even exceeded the level before the financial crisis. A number of new projects are being planned and constructed in Asia and Latin America to meet the growth of local demand for chemical products

Asia leads the development of the global petrochemical industry

at present, Asia has become the leader in the development of the world's petrochemical industry. Take polyethylene as an example. According to a report released by Morgan Stanley last November, China's polyethylene consumption has now surpassed that of the United States. In addition, according to the report of China Plastics Industry Association, the total apparent consumption of plastics in China has exceeded 60million tons in 2009, becoming the world's largest plastic consumer

according to the data of Accenture, a global consulting company, which also has sufficient financial resources to support product technology development, China's chemical sales in 2008 was about 546billion US dollars, accounting for 14% of the global total. It is estimated that by 2013, China's chemical market will reach 1.176 trillion US dollars, accounting for 19% - 20% of the global total. At present, major chemical companies in the world are still optimistic about the Chinese market and continue to look for opportunities to increase investment in China and expand sales revenue. China remains the focus of global chemical companies, a major export market and investment location

at the 2010 Indian chemical industry conference held in Mumbai recently, the Indian Federation of industry and commerce, Tata strategic management group and Roland Berger international management consulting company said that the Indian chemical industry will maintain a strong growth trend in the next 10 years, and is expected to grow rapidly from the current US $83billion to more than US $200billion in 2020. Olefins and aromatics will be the largest sub industry of basic chemicals called speed degree in physics. The demand for olefins in India is expected to increase at an average annual rate of 10% in the next 4-5 years, and the average annual growth rate of aromatics is higher, at 12%; The demand for special chemicals in India will increase at an average annual rate of 17% - 19% in the next five years. By 2015, the market value of India's special chemicals industry will increase from about US $40billion to US $80billion

project construction in Latin America has accelerated.

supported by the economic growth of the United States and enhanced consumer confidence, Latin American Chemical demand will grow strongly in 2011. Raul arias, who is responsible for the Latin American business of Nexant, predicts that the growth rate of demand for chemicals and polymers in Latin America will be more than one percentage point higher than GDP in 2011, and the growth rate in some countries will even be more than two percentage points higher than GDP

the growth of Brazilian automobile sales will stimulate the increase of demand for petrochemical products. It is expected that Brazil's GDP will grow by 4.5% in 2011. Brazil has achieved self-sufficiency in oil, and new oil and gas discoveries will expand the source of petrochemical raw materials. The discovery of oil and gas in the Persian basin among these off-road motorcycle types will provide sufficient raw materials for the oil refining and petrochemical project (comperj) that Petrobras plans to build in Rio de Janeiro. Petrobras also plans to build several downstream projects of comperj with its partners. Braskem will build polyolefin project and oxiteno will participate in the construction of ethylene glycol project

benefiting from the improvement of economic conditions in the United States, Mexico will also start new large-scale petrochemical projects. Brazilian chemical company and Mexico idesa are implementing ethylene XXI cracking unit and polyolefin project, which are planned to be put into operation in 2015. Latin America has become a new growth engine of the world economy

the prospects of central and Eastern Europe and Russia are optimistic

in the global economic recession from the end of 2008 to 2009, the chemical industry in central and Eastern Europe and Russia suffered a serious blow. During this period, the output of chemicals in most countries fell to a low point. After entering 2010, the chemical production in the region showed a strong recovery, such as double-digit growth in the Czech Republic, Hungary, Poland and Romania. The growth rate of Poland's chemical industry is particularly strong. According to the Oxford Institute of economics, the Polish chemical industry increased by more than 27% in 2010 and is expected to continue to grow in double digits in 2011

although the global economic recession and weak oil prices in 2009 had some negative effects on the Russian chemical industry, the dominant position of Russian chemical raw materials will ensure a good development prospect of the future chemical industry. Sibur, Russia's largest chemical company, plans to increase its polymer production capacity by 1million tons/year in the next few years, and may participate in the construction of a petrochemical center suitable for transparent electronic products announced by the Russian government. At present, the petrochemical market in Russia is relatively small, and the polymer consumption is far lower than the world average

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