Home / Knowledge / News / Textiles / Worldwide demand for Naphtha to restore by 2011
Worldwide demand for Naphtha to restore by 2011
12
Feb '09
It is reported that during the naphtha forum held in Singapore last Friday, experts from a consulting firm Poten & Partners, predicted that global demand for petrochemical products may slightly rebound in 2010, while demand for naphtha will be restored in 2011.

The company, in mid-2008, had projected that petrochemical demand between 2007-2011 would grow four percent annually. However, due to global economic recession, demand dropped significantly in the fourth quarter of 2008, with actual consumption reduced by 20 million tons.

Although petrochemical demand will possibly and slightly recover, the consumption is expected to fall by 50 million tons, against the expected usage of 275 million tons. Against the demand of 290 million tons in 2007, the global demand in 2009 is expected to be 270 million tons.

While global demand for petrochemical products will recover in 2010, demand of naphtha is expected to remain under pressure, because of increased use of ethane, liquefied petroleum gas (LPG) and alternative materials for oil refining.

Naphtha demand in 2010 is expected to be 190 million tons, still below 240 million tons in 2007. Although demand for naphtha may rebound to 220 million tons in 2011, it will still be less the demand in 2007. Experts point out that low-cost ethylene raw material like ethane, will be more popular than naphtha, in the Middle East.


Fibre2fashion News Desk - China

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search