Styrene industry to recover after dismal 2001

In 2001, instead of its expected up-cycle, the styrene industry experienced its first decline in demand for almost 20 years, according to a recent study from Chem ical Marketing Associates, Inc. (CMAI). For 2002, CMAI is forecasting annual growth of 4.2% over 2001 demand. Click here to enlarge imageWorldwide styrene demand declined sharply in 2001 even though GDP growth was positive (Fig 1).On the supply side, it is not often that the styrene industry has a year without a new unit starting up. It was surprising to see the Huntsman Corp. styrene plant in the US shut down in the second quarter of 2001. Sterling Chemicals filed for bankruptcy protection shortly after.New records have been ...

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