East Asian petrochemical industry recovery sure but slow

Stephen N. Rothman Chem Systems Inc. Tarrytown, N.Y. With over half of the global population, East Asia is expected to continue to be an important region for the growth of the petrochemical industry. The region (primarily China) will be the key importer of most petrochemicals, and it is expected to play an important role in setting product prices in the international marketplace. East Asia is defined as the Asian countries from Pakistan east to Japan and from China in the north to Indonesia in the south. From 1998 to 2005, the share of global GDP (gross domestic product) by the countries in East Asia is expected to increase from 25 to 27%. This growth is mostly a...

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