Ravi Raghavan的动态

Petrochemical value chains are filling up, but the industry still has a long way to go In the last couple of years investments in the petrochemicals industry in India have begun to address portfolio gaps that had been widening for more than a decade. This is, for example, amply evident in the propylene value chain wherein new capacity for several non-polymer derivatives of the olefin has been created. While these have served to narrow the gap between domestic demand and supply, it has not eliminated imports. Several more projects are hence in the offing, and this is welcome, even though the external environment is currently challenging. Competitiveness in petrochemical value chains hinges on several factors: access to growing markets; availability of competitively priced feedstock; scale of operation; and forward & backward integration to the extent practical. Investors need several of these levers working in their favour to have the best chance of success. As my Point of View in the May 14 issue of Chemical Weekly notes, India’s petrochemicals industry still has a long way to go before it reaches a size commensurate with the market it aims to serve. There are still several products for which no capacities exist, and none are forthcoming. One reason is that the markets here are still small to justify in world-scale plants (e.g., the isocyanate, MDI). In other instances, investments are hindered due to lack of access to technology, even when the markets are substantial (e.g., acetic acid, alpha-olefins). The first may correct in time. The second is a weakness that will likely endure for more time. The full opinion piece is available at (subscription required): https://lnkd.in/dHQHQCFX #indianchemicals #petrochemicals #propylene #ethylene #chemicalprojects #investments #isocyanates #aceticacid #MDI #Competitiveness #chemicaltechnology

?? New Sector Report: Chemicals After a resilient performance in 2022, the chemicals sector experienced a marked deterioration in 2023 driven by decelerated demand for chemical products around the world. In the U.S., companies are absorbing the market share lost by European peers that have largely been affected by the conflict in Ukraine. With a market share of almost 17%, the U.S. is an important contributor to global chemicals production, being in the third position after China and Europe. Looking ahead, we expect a mild improvement for the sector in the short term, both globally and in the U.S. Explore the full chemicals report here: https://ow.ly/rFrl50Rpm6C

?? New Sector Report: Chemicals After a resilient performance in 2022, the chemicals sector experienced a marked deterioration in 2023 driven by decelerated demand for chemical products around the world. In the U.S., companies are absorbing the market share lost by European peers that have largely been affected by the conflict in Ukraine. With a market share of almost 17%, the U.S. is an important contributor to global chemicals production, being in the third position after China and Europe. Looking ahead, we expect a mild improvement for the sector in the short term, both globally and in the U.S. Explore the full chemicals report here: https://ow.ly/Zf5V50RtnEL

?? New Sector Report: Chemicals After a resilient performance in 2022, the chemicals sector experienced a marked deterioration in 2023 driven by decelerated demand for chemical products around the world. In the U.S., companies are absorbing the market share lost by European peers that have largely been affected by the conflict in Ukraine. With a market share of almost 17%, the U.S. is an important contributor to global chemicals production, being in the third position after China and Europe. Looking ahead, we expect a mild improvement for the sector in the short term, both globally and in the U.S. Explore the full chemicals report here: https://ow.ly/rmvc50RvrJV

?? New Sector Report: Chemicals After a resilient performance in 2022, the chemicals sector experienced a marked deterioration in 2023 driven by decelerated demand for chemical products around the world. In the U.S., companies are absorbing the market share lost by European peers that have largely been affected by the conflict in Ukraine. With a market share of almost 17%, the U.S. is an important contributor to global chemicals production, being in the third position after China and Europe. Looking ahead, we expect a mild improvement for the sector in the short term, both globally and in the U.S. Explore the full chemicals report here: https://ow.ly/R8wO50RxyvO

?? New Sector Report: Chemicals After a resilient performance in 2022, the chemicals sector experienced a marked deterioration in 2023 driven by decelerated demand for chemical products around the world. In the U.S., companies are absorbing the market share lost by European peers that have largely been affected by the conflict in Ukraine. With a market share of almost 17%, the U.S. is an important contributor to global chemicals production, being in the third position after China and Europe. Looking ahead, we expect a mild improvement for the sector in the short term, both globally and in the U.S. Explore the full chemicals report here: https://ow.ly/Ul7050RsLZQ

?? New Sector Report: Chemicals After a resilient performance in 2022, the chemicals sector experienced a marked deterioration in 2023 driven by decelerated demand for chemical products around the world. In the U.S., companies are absorbing the market share lost by European peers that have largely been affected by the conflict in Ukraine. With a market share of almost 17%, the U.S. is an important contributor to global chemicals production, being in the third position after China and Europe. Looking ahead, we expect a mild improvement for the sector in the short term, both globally and in the U.S. Explore the full chemicals report here: https://ow.ly/fKxa50RA9kh

The business environment for the global #chemical industry remains challenging. Many companies have build in new plants in recent years in anticipation of demand growth that never materialised. In particular the all important chinese market continues to disappoint with anaemic growth. Estimates are that about 1/4 of global capacity is under threat of being closed down. The future of the industry will be very much linked to #energytransition and the related demand for novel high performance materials. #business #future #strategy BASF Evonik Henrik Meincke Arno A. Evers Dilip Patel - B Eng (Mech), C Eng. MEI Nicolas Boehmer https://lnkd.in/dV8rd6wp

?? New Sector Report: Chemicals After a resilient performance in 2022, the chemicals sector experienced a marked deterioration in 2023 driven by decelerated demand for chemical products around the world. In the U.S., companies are absorbing the market share lost by European peers that have largely been affected by the conflict in Ukraine. With a market share of almost 17%, the U.S. is an important contributor to global chemicals production, being in the third position after China and Europe. Looking ahead, we expect a mild improvement for the sector in the short term, both globally and in the U.S. Explore the full chemicals report here: https://ow.ly/9LzP50Rtq4r

?? New Sector Report: Chemicals After a resilient performance in 2022, the chemicals sector experienced a marked deterioration in 2023 driven by decelerated demand for chemical products around the world. In the U.S., companies are absorbing the market share lost by European peers that have largely been affected by the conflict in Ukraine. With a market share of almost 17%, the U.S. is an important contributor to global chemicals production, being in the third position after China and Europe. Looking ahead, we expect a mild improvement for the sector in the short term, both globally and in the U.S. Explore the full chemicals report here: https://ow.ly/9XK950RIfX0