MACRO OUTLOOK Global petrochemicals consumption has risen by roughly 4% a year since 2000.
After the anomaly of 2020, IHS Markit expects the petrochemicals market to resume this expansion from 2021 through to 2050.
Yet on the production side, IHS says that because of the uncertainty the pandemic created, it foresees significantly slower capacity growth of 3% a year through 2025.
This outlook consumption rebounding while capacity growth slows represents an opportunity for investors.
When TA ZIZ begins production in 2025, it will be well-positioned to exploit this opportunity.
4% global rise in petrochemical consumption
3% expected annual growth through 2025
Mi llio
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Petrochemical feedstock OthersTransport
0 1
8
2
4 5 6 7
3
9
(1)
202 2
202 6
202 4
202 2
202 8
203 0
203 4
203 2
203 4
203 6
203 8
204 0
11
Introduction
