Petrochemicals: New Developments in Asia Affecting The Global Scenario

The impact of the global meltdown has significantly affected the Indian economy and as a result the market for petrochemicals is experiencing negative growth. To cope up with the dynamics of the petrochemical industries, companies will eventually need to look into total integration from refining to down stream processing. Any company which produces the entire value chain of petrochemicals will survive tough competition in the future.
This article gives an overview of the global petrochemical scenario.