China
Chemical Industry Update
SRI Consulting Releases
the Eleventh Updated China Report
MENLO
PARK, CA. May 8, 2007 — With
a population of over 1.3 billion people, China represents
a large and growing commercial force worldwide. Now
a World Trade Organization (WTO) member, China is regarded
as a viable business partner and many large international
chemical companies are investing in China. Today,
SRI Consulting (SRIC) released its updated China
Report: Chemical Product Trends which provides
supply and demand, trends, and historical data for
the chemical industry in China.
Published since 1996, SRIC’s China Report contains
over 2100 pages that cover 146 chemical profiles and major
industry overviews. For this edition, 88 chemical profiles
and overviews are updated with timely data on supply and
demand, trends, producers, price and trade information. New
additions this year are profiles for 1,4-Butanediol,
Butyl Elastomers, and Dimethyl Ether and a
new Inorganic Chemicals Industry overview. The
updated profiles and overviews include data and estimates
for 2006 and forecasts for 2007, 2010 and 2015.
Guangdong Qu, Regional Vice President at SRIC in Beijing,
commented, “During the last 10 years, the chemical
industry in China has grown substantially. However,
China still needs to import significant amounts of most chemicals. In
2006, the total value of chemical products traded was $142
billion with imports valued at $88.6 billion and exports
at $53.4 billion.”
China’s production capacity for chemicals has increased
in almost every area. For the last ten years, commodity
chemicals such as petrochemicals and polymers were the growth
drivers. Strong growth is expected to continue for
at least the next five to ten years with new growth drivers
in not only commodity chemicals but also the new generation
of specialty chemicals.
John Pearson, CEO of SRIC commented: “The rapid rise
of China’s industry impinges on the business decisions
of every chemical industry decision maker in the world. Yet
well-researched, easy-to-digest forecast reports on China
are difficult to come by. That is why SRIC created the China
Report 12 years ago, and why it has become essential
information for the world’s leading companies.”
The China Report is developed by SRI Consulting’s
Beijing office and combines independent research data obtained
directly from major industry organizations and chemical manufacturers. The China
Report includes most major chemicals and provides the
most accurate information available. For additional
information about the China Report, please visit www.sriconsulting.com.
About SRI Consulting (SRIC)
SRI Consulting is the world’s leading business research
service for the global chemical industry. Other SRIC
publications on China include the Process Economics Program
(PEP) China Yearbook, PEP Cost Index–China, Economics
of Petrochemicals Production in China and the Directory
of Chemical Producers–China. Publishing
for almost 60 years, SRI Consulting is the preeminent source
for in-depth business and process analysis. SRI Consulting's
headquarters are located in Menlo Park, California with offices
in The Woodlands, Texas; Zürich, Switzerland; Tokyo,
Japan; and Beijing, China. SRI Consulting is a division
of Access Intelligence, LLC. Additional information
is available at www.sriconsulting.com.
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