Following a slump in demand caused by the recession, benzene, an aromatic chemical building block used primarily for the production of other chemicals, including styrene and cumene, experienced growing demand in 2011, with world demand forecasted to be 42 million metric tons. This outlook is higher than the previous demand peak of 41 million metric tons in 2007, according to a new, IHS Chemical global market study from IHS (NYSE: IHS), the leading global source of information and more...
IHS Chemical will host the World Petrochemical Conference and workshops March 27 – 29, 2012, at the Hilton of the Americas Hotel in Houston. Now in its 26th year, the conference will focus on the impact of the U.S. shale gas, and how developments in the industry are re-energizing the North American petrochemicals sector and driving new investments.
Driven in large part by the rapid expansion of shale oil and gas drilling and production in North America, the world market for oil field specialty chemicals reached nearly $16 billion in 2010, with the U.S. and Canada accounting for more than $8 billion or 52 percent, according to a new IHS Chemical global market study from IHS (NYSE: IHS), the leading global source of information and analysis.
Nissan and Renault Chief Executive Officer Carlos Ghosn will be the
keynote speaker at the April 3 Automotive Forum sponsored by the
National Automobile Dealers Association (NADA) and IHS, and hosted by
the New York International Auto Show.
Following a sharp global decline following the 2009 recession, developing economies, particularly those in Asia, are driving demand for soda ash, a basic chemical product essential for glass production and other industrial uses according to a new, global market study issued by IHS (NYSE: IHS), the leading global source of information and analysis.
IHS Inc. (NYSE: IHS), the leading global source of information and
analysis, announced today the creation of IHS Chemical-- a
world-class chemical industry insight organization comprising the
company’s acquisitions of CMAI, SRI Consulting, Harriman Chemsult and Chemical
Week. IHS Chemical offers the most comprehensive content, research
and analysis to the chemical industry, which includes hydrocarbon- and
bio-based chemicals, as well more...
Growing demand for durable goods, and the production of those goods in Asia and China, in particular, means that, through 2016, Northeast Asia will continue to be the largest consumer of nylon engineering resins, a specialty chemicals group of engineering plastics used for production of a broad range of applications including component parts for automobiles, electronics and appliances , according to a new, global market study issued by IHS (NYSE: IHS), the leading global source of more...
The natural gas "shale gale" that has dramatically transformed the
outlook for U.S. energy supplies is also having profound economic
impacts -- creating jobs, reducing consumer costs of natural gas and
electricity, stimulating economic growth and bolstering federal, state
and local tax revenue, according to a new IHS Global Insight study. The
study found that shale gas production supported more than 600,000 jobs
in 2010, a number that is projected to more...
IHS, the leading global source of information and analysis, said today it has lowered the outlook for global construction spending in 2012 to 4.9 percent in the face of economic difficulties in the U.S. and Eurozone. Concern over sovereign debt is expected to lead to a mild recession in the Eurozone and the U.S.
The European economic crisis is "unfolding like a train wreck in slow
motion" with Eurozone economies likely already in recession and an all
but inevitable Greek debt default on the horizon, says IHS Chief
Economist Nariman Behravesh. Behravesh and IHS Global Insight Chief U.S.
Economist Nigel Gault will explore the implications of a worsening
Eurozone economy on the U.S. and rest of the globe at the IHS World
Economic Outlook Conference more...
A wave of chemical industry leaders is seeking new investment opportunities in China as the country’s chemicals consumption forges ahead, driven by economic growth rates unseen elsewhere in the world, according to local officials who participated in the 2011 China Petroleum and Chemical International Conference, co-organized by the China Petroleum and Chemical Industry Federation (CPCIF), the Association of International Chemical Manufacturers (AICM) and IHS Chemical Week (NYSE: IHS more...
NEW YORK (July 6, 2011) – Chemical Week has awarded Curt Espeland, senior vice president and chief financial officer of Eastman Chemical Company, the CFO of the Year Award at the 16th Annual CFO Conference in New York City.
Chemical Week, acquired by information and analysis provider IHS (NYSE: IHS), established the CFO of the Year Award in 2001 to recognize and honor the best in the chemical industry for financial leadership.
IHS, the leading global source of information and analysis, has launched a suite of consulting services designed to help public and private sector clients create innovative approaches to regional economic development. Leveraging the company’s broad industry and strategy expertise, IHS Consulting Economic Strategy Solutions will focus on public-private partnerships to spur economic development projects for states and municipalities.
IHS, the leading global source of information and analysis, today announced the findings of its Second Quarter 2011 IHS Global Insight Global Construction Outlook. Total global construction spending is expected to increase three percent in 2011, and to reach the pre-crash peak level (2005 dollars), last seen in 2007, in 2012.
Global residential sector spending will increase 1.2 percent over 2010 levels in more...
Economists and industry experts in automotive, energy, risk, security,
shipping, and supply chain at IHS (NYSE:IHS), a leading global source of
information and analysis, said today the triple disaster in Japan and
the ongoing turmoil in the Middle East and North Africa likely would
have only a limited impact on the global economy – provided the twin
shocks of higher oil prices and the supply chain disruptions from Japan
do not get much worse more...
Consumer credit markets are expected to recover strongly in Eastern Europe in coming years thanks to solid economic expansion and lower levels of household debt while growth in West Europe is likely to be much more muted, according to a new study from IHS Global Insight and Efma (the European Financial Marketing Association).
The “Annual Consumer Finance Outlook 2010” report forecasts that the volume of consumer loans extended each year will grow by between 10 percent and 19 percent more...
After falling 8.3 percent in 2010, U.S. construction spending will be flat in 2011, pushed higher by positive second half gains in the residential and commercial sectors as they begin to move up from the historic lows of the recent past, according to the Fourth Quarter U.S.
The latest results from the IHS survey of the automotive supply base
suggest industry growth is ongoing in both Europe and North America.
However, whilst confidence remains strong in North America compared to
the last quarter, confidence amongst European suppliers has taken a hit,
suggesting that the rate of growth in Europe slowed during that period.
Manufacturing labour costs in India have risen nearly 20 percent this
year and will eclipse those in China as Indian workers have seen their
wages increase sharply over the last year on the back of high inflation
and a recovery in domestic demand, said IHS Global Insight in its latest
“Global Manufacturing Compensation Watch” study.
China’s manufacturing labour costs are expected to rise 10 percent this
year despite a slowdown more...
In the face of a recovering, though shaky, global economy, experts at
IHS Global Insight's Fall World Economic Outlook Conference, October
19-21, will explore the economic and policy uncertainties which have
roiled markets and led to concerns of a double-dip recession in some
nations and calls for additional fiscal and monetary stimulus.
Meanwhile, emerging economies continue to plow ahead, albeit with
concerns of their own.
Pharmaceutical drug sales will grow slowly in Europe, at only 2 percent
average annual growth between 2010 and 2015, according to the newly
launched World Markets Healthcare Forecasts by IHS Global Insight. Drug
sales will be held down by slow economic growth and cost containment
measures imposed across much of Europe.
After a strong recovery in the second half of 2009 that extended through
early 2010, the Canadian economy now faces new challenges. Growth is
expected to slow dramatically in the second half of 2010, because of a
dramatic early business cycle slowdown in the U.S., a general
deceleration in the global economy, as well as moves towards both
monetary and fiscal tightening on the home front.
The world economy is recovering, though at different speeds around the
globe, yet growth is losing momentum in the face of storm clouds on the
horizon. IHS Global Insight's Fall World Economic Outlook Conference,
October 19-21 in Washington, D.C., will explore the aftershocks of The
Great Recession and the looming opportunities and risks for global
business and policy decisions.
World trade by all modes of transportation – sea, air and land -- will
grow 8.1 percent in 2010 and 6.9 percent in 2011, following a 7.2
percent decline in 2009, according to the latest forecast from IHS
Global Insight's World Trade Service.
International trade volumes will continue to increase on pace with the
global economic recovery, according to the Second Quarter Trends in
World Economy and Trade report from the IHS Global more...