How to predict how Petrochemical Market Share is going to Change in 2018
A new report by Morgan Stanley finds that the petrochemicals market is likely to remain a stable place for a while, at least through the year.
In fact, the report found that the share of the global petro-chemical market will grow between 0.5% and 1.0% in 2018.
The market will reach a peak in 2019 and then slow down until 2025, according to the report.
Morgan Stanley’s report comes as the industry is struggling to recover from a sharp drop in crude oil prices.
As a result, prices are expected to slow down further in 2018 as the U.S. has seen its own crude-price spike in recent weeks.
The stock market also remains heavily overvalued.
The report also found that global demand for petrofuels is likely going to continue to grow in the coming years, as demand for natural gas and renewable energy will likely increase.
The report said that demand for biofuels will also continue to be growing as it’s likely that China will lead the way for global biofuel demand in 2018, although there will still be some supply gaps in the world.