Join us on May 21st for our 2025 Global Chemical Processing Project Spending Outlook! RSVP Today!
Sales & Support: +1 800 762 3361
Member Resources
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).

Login or Register for Instant Access

Subscribe Now!

(All Fields Required)

IIR Logo Globe

Site-wide Scheduled Maintenance for April 12, 2025, between 9 A.M. - 9 P.M. CST. During this time, all services will be unavailable periodically throughout the scheduled maintenance window.

×
×
Contact Us

For More Info!