Ethylene, propylene demand will experience increased growth in 2005-10

Global demand for the major petrochemicals ethylene and propylene, considered bellwethers of the petrochemical industry, slowed in 2005.Ethylene demand growth was about 3.1%, down from a typical growth rate of 4-5%/year. Propylene demand growth was about 4.1% in 2005, lower than typical growth rates of 5%/year.In 2005, global demand for ethylene and propylene grew to 107 million tonnes and 67.1 million tonnes, respectively. During 2005-10, demand growth for ethylene will increase to about 4.3%/year. Demand growth for propylene during this period will rise to 4.8%/year.To keep pace with this demand growth, ethylene production capacity will grow at 5.4%/year during 2005-10, an increase from...

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