ACCORDING to the study by Roland Berger Strategy Consultants as demand
for petrochemical products moves East, India, with a burgeoning middle class
that will number around 400 million by 2025, is among the most important growth
markets for companies from the Gulf.
The study states that in order to
supply new markets in a sustainable way, companies must accumulate comprehensive
know-how to drive technologies, research and efficiency - either through
collaborations or through acquisitions.
Rising oil and gas prices,
growing demand from Asia and other emerging economies and strong global
competition are presenting petrochemical companies with new challenges and
long-term reliable access to feedstock, technologies and markets is becoming
increasingly important, the report said.
Strong economic growth and the rise of the middle classes in many
emerging economies is shifting the focus of global demand for petrochemical
products eastward.
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