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Liquids demands driven by transportation and chemicals

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Liquids demands driven by transportation and chemicals

  • Global liquids demand grows about 20 percent from 2016 to 2040
  • Commercial transportation and chemicals sectors lead demand growth
  • Advances in light-duty vehicle efficiency lead to liquids demand decline in North America and Europe
  • Africa liquid demand grows by about 30 percent as emerging economies advance
  • Asia Pacific accounts for nearly 65 percent of the increase in global liquids demand to 2040, surpassing the combined liquids demand of North America and Europe by 2025
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