Global chemical output has improved from this time last year, and is expected to rise 6.5% in 2010, and expand further in 2011 and 2012, the report says, as the global chemical industry rebounds from the collapse in demand from early last year. Although recovery seems to be occurring across all regions of the world, emerging markets will experience the strongest growth, ACC writes.
China s chemical output growth rate will exceed 13.7%, which other major markets lag behind. U.S. chemical output is estimated to slow growth in 2011 and 2012, and will arrive at its peak in 2013.
The report also says in the U.S., chemical output is expected to increase 7.8% in 2010, 4.0% in 2011 and 3.8% in 2012, after declines in both 2008 and 2009 of around 4.5%.
