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Consumer demand propels chemicals growth

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Consumer demand propels chemicals growth

  • Consumer demand for plastics, fertilizer and other chemical products increases with rising incomes
  • Olefins and aromatics are basic building blocks for plastics, adhesives and other consumer products; consumer demand outpaces GDP growth
  • Manufacturers see plastics as light-weight, durable materials that can improve the performance of their products, from packaging to auto parts to medical devices
  • The chemicals sector uses energy both as a fuel and as a feedstock
  • Chemicals energy demand grows by 40 percent from 2016 to 2040
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