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| 2015 Asian chemical industry will be moderate growth |
| Dongying J&M Chemical Co., Ltd 2015-07-11 17:19:47 Author:SystemMaster Source: Font size:[Large][Middle][Small] |
2015, the Asian chemical industry in the face of the lack of resources, industry and other old problems, the same time, but also will withstand the test of China's economic slowdown. But oil prices will remain low in 2015, and a series of plans or reforms in the Asian countries are likely to lead to a period of chemical and economic. Therefore, analysts believe that in 2015 the Asian chemical industry will moderate growth in the foreseeable future, Asia will continue to maintain the status of the global chemical product demand growth center.
Although slowing growth, space is still huge
In recent years, Asia has been the main force driving global chemical needs. Although the 2015 Asian export of chemical products of large buyers -- China's economic growth is expected to slow, but China chemical industry still maintained a high growth rate, a number of multinational companies is still optimistic about the prospects for the development of Asian chemical industry.
IHS said that China's economy is dominated by some of the government's Micro stimulus plan and support for export recovery, will not appear to decline significantly. China has invested a lot of money in the world's leading chemical companies firmly believe that the Chinese market demand will be strong. BASF Asia Pacific president, Greater China president and chairman Hou Yuzhe said China will continue to be the fastest economic growth in the world's major economies of countries, GDP growth rate is still more than 7% and the growth rate of the base than they were five years ago to much larger, which for BASF still has very big attraction. The company will continue to increase investment in Asia, as of 2020 to be in China and other Asian countries to invest 10000000000 euros, improve R & D level, expand production capacity.
The United Nations in December 10, 2014 release the 2015 world economic situation and Outlook "report pointed out that Asian economies will continue to lead the global economic growth, is expected in 2015 and 2016 economic growth rate were 6.1% and 6.0%. While China's economy is entering a new normal and steady growth, other Asian countries, such as India, Bangladesh and Iran, will have strong growth. The rapid growth of the Asian economy has provided a large space for the development of the chemical industry in the region.
Tony Porter, vice president of the Asia Pacific region, IHS chemistry, said that in the foreseeable future, the majority of the world's new olefins production capacity will still occur in asia. Asia has 3900000000 potential chemical and polymer consumption, accounting for 55% of the global consumer population. IHS company believes that, 2014~2020, Asia is still the world's leader in the production of petrochemical products.
Oil prices fell, reform has a dividend
A steep drop in oil prices to China, Japan, India, Indonesia and other big oil consuming countries is the harvest of returning to the dividend, but modern coal chemical industry, bio fuels and other profit is suffering from a great extrusion. However, Julius Baer analyst said that the recent oil prices fell almost in all Asian countries economic benefit, so that governments will be able to existing fuel subsidies are applied to increase productivity, such as infrastructure and education, so as to further promote economic long-term development.
The analysts believe that in 2015, Asia will benefit from the good investment situation. Due to the high degree of correlation between Asia and the European and American markets, the central bank maintained a relatively loose monetary policy, as well as reasonable valuation levels. Thanks to take multiple reform initiatives, China and India will both be optimal economies in Asia; at the same time, benefit to local quantitative easing policy and Pension Asset Allocation of re adjustment, Japan's performance also.
As the global economic locomotive of China, is in a key to the new normal transformation. China in 2013 proposed the "along the way" is entering a pragmatic stage, more than 50 countries have been actively involved in the country. Some people in the industry said that despite the work, but also need to break through the barriers to communication, road barriers, institutional barriers, man-made obstacles such as, but it can not be denied is that implementation of the idea will bring new opportunities for the whole of Asia's prosperity, while stimulating the economy construction and promote Asian chemical industry to improve small and scattered look. In addition, India and Indonesia and other emerging market countries will also give these countries the oil and chemical industry will bring more opportunities for development. |
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