Home / Knowledge / News / Textiles / China to lead demand consumption of naphtha
China to lead demand consumption of naphtha
27
May '10
After 25 years of sustained growth, Asian naphtha consumption in 2008 decreased by 1.4 percent compared to 2007, mainly due to the global financial crisis causing the petrochemical industry to sink into doldrums in the fourth quarter of 2008.

However, the downturn ended in a short duration, Asian petrochemical industry strongly rebounded in 2009. Naphtha crackers in South Korea and Taiwan regions started operating at full capacity in the second quarter of 2009.

Asian naphtha consumption increased by 112 percent from 1995 to 2008. South Korea overtook Japan as Asia's largest consumer of naphtha in 2008. Naphtha consumption in Japan, another major Asian naphtha consuming country is declining.

In contrast with Japan and South Korea, China will lead Asia's naphtha demand. China's naphtha demand in 2009 substantially increased 10 percent over the previous year. Naphtha demand in China is expected to grow 14 percent annually from 2010 to 2015 and is also expected to replace South Korea as Asia's largest consumer of naphtha by the end of 2011.

China's net naphtha imports will reach 240,000 barrels / day by the end of 2012, and further increase to 370,000 barrels / day by the end of 2015. In addition, naphtha demand of Taiwan fell 5 percent in 2009, and is expected to further decline by 8 percent in 2010, but its demand will grow 4 percent annually from 2011 to 2015.

Naphtha demand in India would decline at an average annual rate of 1.8 percent from 2008 to 2015, mainly due to naphtha being replaced as feedstock with natural gas in electricity and fertilizer production. During this period, India's naphtha exports will grow by 7.6 percent per year, and reach 314,000 barrels / day in 2015, while imports will decline to 45,000 barrels / day.

Fibre2fashion News Desk


Must ReadView All

Sri Lanka to set up 150 mini apparel units

Apparel/Garments | On 23rd Nov 2017

Sri Lanka to set up 150 mini apparel units

A mini apparel factory was opened recently at Sri Lanka’s Menik Farm...

Egypt keen to boost ties with India in MSMEs, textiles

Textiles | On 23rd Nov 2017

Egypt keen to boost ties with India in MSMEs, textiles

Egypt is eager to boost cooperation with India, particularly in the...

India begins review of anti-dumping duty on caustic soda

Textiles | On 23rd Nov 2017

India begins review of anti-dumping duty on caustic soda

The Directorate General of Anti-Dumping & Allied Duties (DGAD), under ...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Silvia Venturini Fendi
Fendi s.r.l

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

November 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

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

Yes No

Active Poll

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

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

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

Yes No

Active Poll

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

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

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

Active Poll

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

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


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