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chemical demand by type chart

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Chemicals demand rises rapidly

  • Demand for chemical products outpaces GDP in many emerging markets
  • Rising prosperity propels demand for fertilizer, plastics and other chemical products 
  • Steam cracking transforms hydrocarbon molecules into the basic building blocks for plastic products used in homes, health care, cars and commerce
  • The chemicals sector users energy in two ways: as a fuel and as a feedstock 
  • Chemicals energy demand grows by 45 percent 2015-2040

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