IIR Webinar to Discuss Increase in Chemicals Demand as Economies Reopen

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Researched by Industrial Info Resources (Sugar Land, Texas)--Demand for chemicals, especially for plastics, is particularly high right now due to factors stemming from the COVID-19 pandemic and subsequent economic recovery. Trey Hamblet, Industrial Info's vice president of research for the Chemical Processing Industry, says: "Demand for chemicals has changed drastically since the pandemic began and has increased in recent months as economies have started to reopen. We have witnessed an increase in the consumption of single-use plastics, linked partially to a sharp surge for shipping and packaging materials plus for the manufacture of personal protective equipment. These changes in demand and consumption trends will play a key role in the how quickly new polyolefins capacity is developed over the next several years."

These are some of the aspects of the industry that will be discussed in Industrial Info's upcoming complimentary webinar on the spending outlook for the global Chemical Processing Industry on Wednesday, April 28, at 10 a.m. CDT (11 a.m. EDT). The webinar also will be presented later for audiences in the Europe and Asia-Pacific regions. Join Hamblet and Shaheen Chohan, Industrial Info's vice president of Global Analytics, as they discuss the trends and market drivers affecting the industry.

The 2021 spending year will have a very unique set of challenges, including the recovery from a pandemic-induced recession and its impact on short-term demand. These challenges will influence decisions on additional world-scale capacity investments for ethylene, methanol, ammonia and several global commodities.

Topics will include:

• The status of world-scale petrochemical capacity additions
• Future spending outlined by world region
• Impacts of green energy and ESG (environmental, social and governance) initiatives
• Demonstrations of spending by industry segment
• A focus on key market drivers influencing future spending
• Capital spending by project type (expansions, additions, etc.)

We hope that you are able to join us for this informative and timely webinar. Click here to RSVP!

Industrial Info is tracking more than $1.4 trillion of active chemicals projects throughout the world.

In addition to our Global Market Intelligence (GMI) Database, Industrial Info provides a valuable range of analytics products. Among these is our Global Chemical Processing Industry Forecast Analyzers, which allow users to view all chemical activity out five years by country, drill down to North America market regions, or even view activity by industry sector. This forecast provides subscribers a dynamic market forecast using project spending intelligence to estimate market spending for the industry. For firms that are looking to better understand the chemical processing market, our statistics let you view the forecast annual spending that is derived from Industrial Info's unique and comprehensive market intelligence gathering. Click here for more information or to order.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.