DeWitt & Company.
* Following an annual benzene demand growth of 4.9% from 1985 through 1990, when total benzene demand reached nearly 22 million tons, growth over the current five year period to 1995 will be down, reflecting the current downturn in the global economies, according to a study by DeWitt & Company, Houston, TX. Although 1991 is forecast to be similar to 1990's total, growth in 1992 will pick up to around 2.5% as a prelude to more dramatic growth over the balance of the period. The five year average should be near 5.5%, pushing total benzene demand to more than 26.5 million tons in 1995. The greatest benzene demand growth is expected in Far East/Asia, projected at 5.9% annually. Consumption growth in the U.S. is forecast to average 3% annually, and in Western Europe will average 3.4%. Growth in E. Europe is forecast to be flat through 1993. In 1994, demand should pick up dramatically. Similar type growth is projected for South America.
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|Title Annotation:||Business Briefs: Markets, News; research on benzene demand|
|Article Type:||Brief Article|
|Date:||Dec 1, 1991|
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