Global petrochemicals – Who is really benefitting from the growth in the new world?
In this study our experts analyze the current situation across the petrochemical industry and outline possible solutions.
Rising oil and gas prices, growing demand from Asia and other emerging economies and strong global competition are presenting petrochemical companies with new challenges. Long-term reliable access to feedstock, technologies and markets is becoming increasingly important. These factors are critical to a company's ability to respond to changing market demands. Companies have to review their strategic direction and realign their business models. To remain successful going forward, they can strengthen their market position in three ways: expansion, acquisition or cooperation.
Strong economic growth and the rise of the middle classes in many emerging economies is shifting the focus of global demand for petrochemical products eastward.