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Importance of petrochemical industry

The Thai petrochemical industry should continue to grow and benefit from stable crude oil and natural gas prices, which will ultimately also influence the industry’s future concerning: its limited ability to expand plant capacities environmental constraints that present hurdles for new players trying to enter the industry.

The exuberant growth of the Indian economy cannot be spoken without mentioning the role that petrochemical industry has and is expected to play in this journey. India is the sixth largest.

However, there is a key sector which the Strategy fails to identify or highlight: the petrochemical and plastic industry. According to the International Energy Agency, petrochemicals are about to rapidly becoming the largest driver of global oil (including so-called “wet gas” or ethane) consumption – ahead of trucks, aviation and shipping.

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The demand for petrochemicals is attributed to an increase in the demand for downstream products from various end-use industries such as construction, pharmaceuticals, and automotive, which is a major factor driving the market. Petrochemical is a vital component for many industrial processes, and hence forms the backbone of an industrial economy. As a matter of fact, our aim is to get the best out of your process. State of the art technology Outside mounting of components Not exposed to the harsh process conditions Free of wear and maintenance Smooth handling and operation Lowest cost of ownership Easy to install on existing pipes and vessels without modifications.

The demand for petrochemicals is attributed to an increase in the demand for downstream products from various end-use industries such as construction, pharmaceuticals, and automotive, which is a major factor driving the market. Petrochemical is a vital component for many industrial processes, and hence forms the backbone of an industrial economy.

Petrochemicals can be defined as a large group of chemicals derived from natural gas and petroleum and further used for a variety of chemical purposes, which are extremely important in modern civilization. From: Advances in Membrane Technologies for Water Treatment, 2015 View all Topics Download as PDF About this page Petrochemicals.

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