Global business reports chemical week associates

Latin America By Alexander H.

Global business reports chemical week associates

This messy end to ensured that the US-China trade spat will continue to make headlines in ACC expects U. The downside is that chemical firms will see raw material and energy costs increase. Chemical makers could be in for a sweet ride if electric vehicles catch on in the U. Canadian chemicals The industry should have another strong year in , though profitability may slip. The rationale for the facility is compelling, Inter Pipeline says. On the other hand, Chitalia notes, higher prices for Chinese-made plastic goods could lead to new investments in the US by plastic processors. Another bright spot is home building. Course reversal Argentina's and Brazil's economies turned around in , but the recovery will be slow. Other chemical industry customers that ACC expects to grow this year include electronics, appliances, and aircraft parts. Ray Will, a director at the consulting firm IHS Markit, discerns a number of trends likely to increase demand for specialty chemicals.

Inthe U. Mexico is on track to grow by 1. But as the meeting was going on, Canadian authorities quietly arrested a senior executive from Chinese electronics firm Huawei at the request of the US, a move that triggered fierce protests from China.

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Gulf Coast. Overall, the global economy will expand by 3. The paints and coatings sector should benefit from an uptick in the economy, especially in the U. On the other hand, Chitalia notes, higher prices for Chinese-made plastic goods could lead to new investments in the US by plastic processors. Output of derivatives such as polyethylene, ethylene oxide, and styrene are also down sharply. The downside is that chemical firms will see raw material and energy costs increase. Chemical makers could be in for a sweet ride if electric vehicles catch on in the U. All the projects are getting support from the government.

Adhesives will grow at a similar rate, Phillips says, singling out a projected increase in demand for urethane adhesives to assemble and seal automobile body components. Canadian chemicals The industry should have another strong year inthough profitability may slip.

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Source: International Monetary Fund The positives for Latin America, according to economists at the Spanish bank BBVA, include rising commodity prices, currency devaluation leading to increased competitiveness, and a strong world economy. Adhesives will grow at a similar rate, Phillips says, singling out a projected increase in demand for urethane adhesives to assemble and seal automobile body components. Rather than shift to hydrofluoroolefin refrigerants, many makers of home refrigerators, especially in Europe and Japan, are shifting to hydrocarbon refrigerants, Will says. But that changed last month when Canadian firms green-lighted two large projects. Overall, industrial firms increased capital spending by 8. IMF analysts expect output to increase 1. Chemical sales are showing signs of recovery.

Unemployment is low, consumer and business confidence is up, and corporations can look forward to lower tax rates. Other chemical industry customers that ACC expects to grow this year include electronics, appliances, and aircraft parts.

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But despite an overall pickup in the global economy, some industries that depend on specialty chemicals, such as oil and gas drillingwere weak, ACC says.

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