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[China Epoxy Network (China Epoxy Industry Online)February 8, 2014: The global chemical industry growth rate is expected to reach 3.
8% in 2014.
Source: China Chemical Industry News update: the new network information American Chemistry Council (ACC), said recently that this year's global economic growth and the chemical industry will be accelerated.
ACC chief economist Kevin Swift said that the global chemical industry's growth rate is expected to reach 3.
8% in 2014, which is significantly higher than the expected growth rate of 2.
4% in 2013, affected by the expected improvement in the economic environment.
Swift further pointed out that in the new year, developing countries in Asia, the Middle East and Latin America will continue to be the countries and regions with the fastest chemical growth in the world.
In addition, affected by the competitive advantages of shale gas, the growth rate of chemical industry in North America will also become strong, while Western Europe and Japan will still lag behind.
Stimulated by the accelerated growth of the chemical industry, the global chemical capacity utilization rate will also increase this year.
The reason why relevant agencies are optimistic about the development prospects of the chemical industry this year lies in their good expectations of the global economic environment this year.
IHS chief economist Nariman Bellavich said that benefiting from the easing of the two major obstacles of private sector deleveraging and public sector fiscal austerity, the global economy will emerge from weakness in 2014 and resume its growth momentum.
IHS predicts that the global economic growth rate will reach 3.
3% this year, which is faster than the 2.
