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

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ashok Desai
Bombay Textile Research Association

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X