The Ministry of Economy, Trade and Industry (METI) recently released a report predicting that global demand for ethylene derivatives will reach 157.5 million tons by 2016, an increase of 30.4% from the 120.09 billion tons in 2010, during which the annual growth rate of ethylene derivative demand It is 4.5%. The report pointed out that, driven by strong demand from China and India, the total demand for ethylene derivatives in Asia is expected to increase from 52.1 million tons in 2010 to 73.1 million tons in 2016, with an average annual growth rate of 5.8%. Among them, the demand for ethylene derivatives in India is expected to increase from 6 million tons in 2010 to 11.3 million tons in 2016, with an average annual growth rate of 11.2%. The total demand for ethylene derivatives in China is expected to increase from 28.10 million tons in 2010 to 41.6 million tons in 2016, with an average annual growth rate of 6.8%. In sharp contrast to Japan, the average growth rate of demand for ethylene-derived products was only 0.7%, which was increased from 4.9 million tons in 2010 to 5.1 million tons in 2016. The Ministry of Economy, Trade and Industry (METI) forecast report also pointed out that according to the development of petrochemical industries around the world, the global production of ethylene derivatives will increase from 122.7 million tons in 2010 to 154.8 million tons in 2016. The production of ethylene derivatives in Asia in 2016 is expected to increase from 43.3 million tons in 2010 to 59.7 million tons; the output of ethylene derivatives in Japan is expected to decrease from 6.6 million tons in 2010 to 6.3 million tons in 2016; China's ethylene derivative output is expected to be from 2010 The 14.2 million tons in the year surged to 24.6 million tons in 2016. At the same time, the global ethylene production capacity is expected to increase from 146.1 million tons in December 2010 to 169.1 million tons in 2016, with an average annual growth rate of 2.5%. Among them, the production capacity of ethylene derivatives in Asia is expected to increase from 50.3 million tons in 2010 to 63.9 million tons in 2016, with an average annual growth rate of 4.1%. Japan’s ethylene derivative production capacity is expected to decline from 7.7 million tons in 2010 to 7.5 million tons in 2016, and India’s ethylene derivative production capacity is expected to increase from 4.7 million tons in 2010 to 8 million tons in 2016. The report also predicts that the global ethylene production capacity will gradually increase from 144.9 million tons in 2010 to 173.2 million tons in 2016, with an average annual growth rate of 3%. Elevator Air Conditioner,Elevator Hanger Roller,Elevator Roller Hitech Elevator Co., Ltd. , http://www.elevator-control-traction.com
February 12, 2019