Chemical Outlook - Country & Industry Forecasting: IHS Global Insight

Conclusions – The Path to 2020
• Geopolitical events become an even larger factor by
underpinning oil prices and slowing economic growth
- more volatility and slower pace of surplus absorption
• Global demand expands at a pace equal to about 4.4%
per year driven by emerging consumers
• Middle East remains the largest source of global tradeflows
and its future investments continue to diversify the
region’s production portfolio, attracting more participants
and creating more jobs
• New oil based (naphtha, etc.) facilities are still built where
refinery integration and/or labor can be leveraged
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