Pet Coke Emerging as an Attractive Substitute for Commodity Chemical Production, Says TechSci Research Report
Summary
Further, these aforementioned intermediates are witnessing increasing demand in manufacturing plastics, polymer, resins, solvents, etc., which is expected to boost PET consumption across the globe in the coming years.With continuing research & development, PET coke offers enormous potential to replace Naptha and natural gas for the production of various chemicals over the span of next ten years.Major developing nations such as China and India are witnessing strong growth in industrial sectors which is generating enormous demand for a variety of commodity chemicals.Contact Mr. Ken Mathews 708 Third Avenue, Manhattan, NY, New York – 10017 Tel: +1-646-360-1656 Email: sales@techsciresearch.com New York, NY, September 30, 2016 --( PR.com )-- According to TechSci Research report, “Global Pet Coke to Chemicals Market By Derivative, By End Use Application, Competition Forecast and Opportunities, 2011 – 2025,’’ the global pet coke demand is forecast to surpass $ 25 billion by 2025, on account of its increasing utilization in cement, power and smelting industries for various applications.Further, these aforementioned intermediates are witnessing increasing demand in manufacturing plastics, polymer, resins, solvents, etc., which is expected to boost PET consumption across the globe in the coming years.