Mid-Year Outlook: Post-Lockdown Demand, ESG Drive Chem Projects

May 23, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--The global Chemical Processing Industry is facing steep demand from across the industrial spectrum, both for mainstay products like ethylene, and emerging technologies like carbon-free commodity production. Trey Hamblet, Industrial Info's vice president of research for the Chemical Processing Industry, offered a detailed overview of the industry's hopes and hurdles at Industrial Info's U.S. & Canada Industrial Market Outlook event.

Chemical processors could see as much as $21 billion in construction kickoffs this year, although Hamblet believes a more realistic number would be $15 billion. The lower dollar amount takes into account big-ticket projects that are unlikely to kick off as currently scheduled.

Within this article: Where the global Chemical Processing Industry is headed in a rapidly changing world, with details on major projects from key companies such as Exxon Mobil Incorporated (NYSE:XOM), LyondellBasell Industries NV (NYSE:LYB), Dow Chemical (NYSE:DOW), Air Products and Chemicals Incorporated (NYSE:APD), CF Industries Holdings Incorporated (NYSE:CF) and Eastman Chemical Company (NYSE:EMN).