Benzene demand to continue strong growth

Benzene Supply Demand Forecast [91,904 bytes] Benzene demand is expected to continue its strong growth during 1998-2003, averaging 3.9%/year and reaching 35.1 million metric tons in 2003 vs. 27.9 million tons in 1997. So says DeWitt & Co. Inc., Houston, citing an impressive growth spurt in demand for benzene and its derivatives of 6.2% in 1997 vs. 1.6% in 1996. The strong showing in 1997 was a result of continuing growth in Asia and Western Europe, says DeWitt. Asian demand jumped 15% to 9.35 million tons, with essentially all of the increase coming from ethylbenzene/styrene production. "From 1996 to 1997," said DeWitt, "annualized styrene capacity in Asia increase...

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