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Article: Petrochemicals: Issues of Profitability
- Article from:
- Instrument Business Outlook
- Article date:
- May 31, 1998
CopyrightCOPYRIGHT 1998 Strategic Directions International Inc. (SDI). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Global petrochemical demand suffers and profit margins in petrochemical companies tighten. There is no doubt that competition in the market will grow tougher over the next few years, but how will this affect instrument makers?
Petrochemicals are derived from oil, gas, and coal feedstocks, and the major petrochemicals are ethylene, propylene, and benzene, methanol, xylenes, toluene, and butadiene. Although petrochemicals require only 5% of the world supply of crude oil, natural gas, and coal, they continue to be significantly affected by the vagarious fluctuations of the world oil and gas market, its capacities, prices, and other forces.
Profitability
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