Free press releases distribution network?

Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Globalization and Sustainability to Impact APAC Chemical Companies Finds Frost & Sullivan - Taking a look at the Asia Pacific Chemicals Industry in 2012
Globalization and Sustainability to Impact APAC Chemical Companies Finds Frost & Sullivan

 

PRZOOM - /newswire/ - Kuala Lumpur, Malaysia, 2012/01/17 - Taking a look at the Asia Pacific Chemicals Industry in 2012.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Demand for the global chemical industry will be impacted by the EU debt crisis, sluggish economy in the US and credit restrictions in China while increasing crude oil process will impact its margins.

According to Balaji Capaloor, Principal Consultant for Frost & Sullivan's Chemicals, Materials & Food practice, most of the chemical companies in Asia cater to domestic demand; the majority of products are focused on domestic consumption.

"The state of the US economy and EU debt crises will not have significant impact on the operations of Asian chemical companies," he said.

Revenues of top 35 global chemical companies increased on an average by 11.3% in the 3rd quarter 2011 over the similar period last year, and for the first nine months increased by 17.8%. Comparatively, revenues for these companies in Asia increased by 12.9%, and 18.6% in Q3 and for the first nine months in 2011 compared to 2010.

"While revenues for global and Asian chemical companies in the third quarter have softened compared to the first half of the year, the double digit growth is mostly due to the increase in price as chemical companies have passed on the increase in cost of the raw materials. Volume growth was around 5% on average," explained Balaji.

Key global chemical companies have aligned their long term growth strategy based on trends that have impacted them, globalization and sustainability.

"Globalization positively impacts Asian chemical industry with more companies shifting their production to Asia. It also provides the opportunity for Japanese and Korean chemical companies to acquire assets in the US and Europe," said Balaji.

The continued focus on sustainability provides opportunities for chemical companies through high growth markets such as photovoltaics, wind turbine, and biofuels as well as the growth of biochemicals and bioplastics markets.

Balaji continues,"ASEAN countries play an important role in decreasing global dependence on fossil fuels through sustainable production of palm oil and through utilization of biomass. A lot of chemical companies intend to partially replace their petroleum route to oleochemicals."

Around the Asia Pacific Region

Singapore
Revenues of the Singaporean chemical industry are depended more on the demand from the Asian countries than from Singapore. Growth in demand for chemicals from China, South East Asian countries especially Indonesia, and India is a key driver for growth.

Said Balaji,"Singapore provides an ideal climate for the development of clusters for companies providing solutions addressing challenges in global water, green energy, and renewable chemicals and materials. These clusters provide ideal and unique opportunities for the global chemical companies, for major as well as for medium sized companies."

Japan
As the Japanese yen continues to strengthen, Japanese companies are considering relocating production to other regions. The key challenge for the Japanese chemical companies will be to move their production nearer to their customers.

"Strengthening yen provides an excellent opportunity for Japanese chemical companies as they can acquire assets in the US and Europe at a lesser price compared to last few years. Although these companies have strong technology leadership, they lack access to the markets in the US and Europe, and acquiring the US and Europe based chemical companies, especially in specialty chemicals segment, will enable them to be global leaders," Balaji added.

Thailand
Floods in Thailand have disrupted the end user industries, and as well as the demand for chemicals. However, it is expected to smoothen out by Q2 2012. Architectural coating and plastics for moulders of electrical and automotive components will experience an increase in domestic demand over last year as consumers will replace and repair products damaged by floods.

Balaji continued,"However, the long term threat is the intention of major automotive companies to move their production partially to other regions to reduce dependence on Thailand, as these companies suffered a lot during recent floods."

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from over 40 offices on six continents.

MEDIA Contact:
Jessie Loh, Corporate Communications – Asia Pacific
P: +65 6890 0942 / E: jessie.loh[.]frost.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


Globalization and Sustainability to Impact APAC Chemical Companies Finds Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Frost & Sullivan |
Contact: Donna Jeremiah / Carrie Low 
+603-6204-5832 / +603-6204-5910 djeremiah[.]frost.com / carrie.low[.]frost.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing/Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Frost & Sullivan / Company Profile


Read Manufacturing/Robotics Most Recent Related Press Releases:

PPG Initiates Global Restructuring, Targeting $125 Million in Annual Savings
Local Manufacturing Offers Strong Growth Opportunities in the Thriving Nigeria and South Africa Cement Additives Markets Reports Frost & Sullivan
BASF Expands Automotive Refinish Coatings Manufacturing to Asia Pacific
Alstom’s South African JV Gibela Successfully Handed Over to PRASA The First X’Trapolis Mega
Neptune Lines Reduces Fuel Consumption and Emissions with Hempaguard
BASF Launches Ucrete MF40AS Industrial Flooring System on the European Market
Raritan Unveils Intelligent Cabinet Concept in Collaboration with Legrand Data Communications At Gartner Conference
Beretta Continues Global Celebration of its 490th Anniversary with Unveiling of One-of-a-Kind Shotgun in New York City
LANXESS Virkon S Proven to Kill Highly Pathogenic Avian Influenza Strains
BASF to Offer Tailor-made Product Innovation At European Coatings Show

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  Triggr & Bloom

Visit  JobsWare.com

Visit  BizJobs.com







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today