Some developing countries have accelerated the development of the chemical and petrochemical industries, putting Europe in the face of increasing competition challenges. This situation has caused the EU's attention. The European Union’s 2015 “European Chemical Industry Outlook†report released earlier said that based on forecasts of possible future conditions, Western Europe’s share of world chemical production will fall from 28% in 2002 to 16% in 2015.
Analysts believe that the focus of the global chemical industry is shifting to the Middle East. The Middle East has cheap petrochemical materials. The labor costs in the Asia-Pacific region are low and the economy is growing rapidly. The EU still has the largest chemical industry scale in the world, with sales of chemical products exceeding 455 billion euros/year and accounting for 30% of the world total. However, there are certain uncertainties in the development prospects.
The European chemical industry has played an important role in its economic development by providing innovative materials and technical solutions that have greatly improved industrial competitiveness. In the next 10 to 20 years, the chemical industry will be critical to improving the ability to cope with challenges throughout Europe. The competitiveness of the chemical industry itself will determine its sustainable future.
According to industry experts, the petrochemical and plastics industries in the EU account for 46% of the total chemical sales in the region. However, the Middle East has more advantages in raw materials, making it an advantage compared to the European petrochemical industry. In particular, new capabilities in the Middle East and Asia will be put into operation in the next few years, creating new challenges for Europe. To control the cost within a certain range is the main means for the EU petrochemical industry to improve its competitiveness.
It is understood that the average capacity of ethylene plants in the EU is 450,000 tons/year, while the installed capacity in Asia and the Middle East is more than 1 million tons/year. The economic scale of these devices will greatly reduce the fixed costs. For the EU, the more appropriate approach would be to modernize and modernize these devices while improving the infrastructure at some production sites. However, it may be difficult to quickly rebuild and change the status of many petrochemical plants in recent years.
Analysts believe that the focus of the global chemical industry is shifting to the Middle East. The Middle East has cheap petrochemical materials. The labor costs in the Asia-Pacific region are low and the economy is growing rapidly. The EU still has the largest chemical industry scale in the world, with sales of chemical products exceeding 455 billion euros/year and accounting for 30% of the world total. However, there are certain uncertainties in the development prospects.
The European chemical industry has played an important role in its economic development by providing innovative materials and technical solutions that have greatly improved industrial competitiveness. In the next 10 to 20 years, the chemical industry will be critical to improving the ability to cope with challenges throughout Europe. The competitiveness of the chemical industry itself will determine its sustainable future.
According to industry experts, the petrochemical and plastics industries in the EU account for 46% of the total chemical sales in the region. However, the Middle East has more advantages in raw materials, making it an advantage compared to the European petrochemical industry. In particular, new capabilities in the Middle East and Asia will be put into operation in the next few years, creating new challenges for Europe. To control the cost within a certain range is the main means for the EU petrochemical industry to improve its competitiveness.
It is understood that the average capacity of ethylene plants in the EU is 450,000 tons/year, while the installed capacity in Asia and the Middle East is more than 1 million tons/year. The economic scale of these devices will greatly reduce the fixed costs. For the EU, the more appropriate approach would be to modernize and modernize these devices while improving the infrastructure at some production sites. However, it may be difficult to quickly rebuild and change the status of many petrochemical plants in recent years.
Wearable Necklace Air Purifier ,Personal Necklace Air Purifier ,Buy Protective Face Mask,Reusable Face Mask For Sale
Sung Precision Mould & Plastic Co., Ltd. , https://www.injectionmoldingfactory.com