The prospects for the chemical markets of major global economies diverge

Release date : 2020-02-29 16:51:18

　　According to the latest forecast report released by Deutsche Bank recently, global GDP is expected to increase by 3.2% in 2012, of which China's GDP growth rate is expected to reach 8.3%, India 7.3%, Japan 0.5%, and Eurozone GDP is expected to decrease by 0.5%. And it is expected that the US chemical industry will grow moderately at a growth rate of 4.5% in 2012.

　　Chang Yizhi, a researcher in the chemical industry of CIC Consulting, pointed out that due to the different economic developments of countries around the world, the prospects for the chemical market in the world's major economies in 2012 will diverge. Among them, the US chemical market has resumed with the slow recovery of the economy and the support of relevant national policies; while the euro zone is likely to experience negative growth in the chemical market due to the debt crisis; the Japanese chemical market is facing problems due to resource shortages New challenges; the chemical product markets in China, India and other countries are optimistic.

　　According to relevant information, due to the impact of the debt crisis, the economic development of major EU countries continues to weaken, and the demand for chemical products has been limited. Some chemical production companies have reduced the operating rate to maintain the balance between supply and demand. The output of European chemical products in 2011 not tall. However, the current debt crisis in the Eurozone has not been fundamentally alleviated, and the prospects for the chemical market in the Eurozone in 2012 are not optimistic.

　　However, due to the lack of energy and resources in Japan, the development of its chemical industry is increasingly constrained by energy resources. Information shows that Japan is an island country with limited resources and energy reserves. Most of the energy and resources consumed in Japan depend on imported products. Now the global energy and resource prices are relatively high, and the basic chemical industry in the Middle East and other regions is rising due to its resource advantages, and the competitive advantages of Japanese domestic basic product manufacturers are gradually decreasing.

　　In other Asian markets such as China and India, due to strong terminal demand, the chemical product market in these regions has a relatively large market capacity. The focus of the global chemical industry is now shifting to these regions, and the future development prospects of its chemical market are relatively broad. According to the "2011-2015 Investment Analysis and Prospect Forecast Report of China's Petrochemical Industry" released by CIC Consultants, with the growth of market demand and the shift of the global chemical center of gravity, the current chemical market capacity in the Asian region has accounted for the global chemical market capacity More than 40%.