SOURCE: Industrial Info Resources

October 28, 2009 07:26 ET

Industrial Growth Predicted in Asia as World Moves Out of Recession, a "Navigating the Currents of Change" Webcast on Industrialinfo.com

SUGAR LAND, TX--(Marketwire - October 28, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Heavy industry remains affected by the global recession, and while certain sectors are struggling to make a comeback, others are showing a more positive and profitable outlook. Certain countries are seizing opportunities to continue with large investments to increase production in the Power, Refining, Chemical and Metals & Minerals industries. China and India are taking advantage of the current economic situation and continue to invest in heavy industry. This is one way to get a jump on the market, as producers in other countries have scaled back production and put projects on hold.

The Middle East is also proceeding with major investments. Multibillion-dollar complexes are planned, involving companies from around the world. However, Europe remains in a slump and will take a while to recover, as many projects were cancelled, put on hold, or delayed. South America is holding steady, with smaller investment projects moving forward. Regions such as Africa and Australia are still lagging behind, and the recession did not improve their chances of catching up.

The areas currently expected to show the most future growth are China, India and Southeast Asia (Thailand, Vietnam, Indonesia and Malaysia), which is starting to develop some momentum in the heavy industry sector. The Middle East will continue its growth as large corporations invest in new production and governments encourage industrial spending. South America is expected to continue attracting foreign investment from Asia and Europe.

Governments play a significant role in stifling or promoting heavy industry growth in regions. Asian countries have total control regarding what is built and who builds it. Countries such as China, Vietnam, and the countries of the Middle East provide global opportunities, but although often presented as open societies, these countries are very controlling about who is involved in heavy industry projects. Europe has policies more closely resembling the United States, and European governments can only provide loans and subsidies to heavy industry manufacturers. In the case of Africa, the government has control over what happens, but little gets done because of political and regional fighting. South America has mixed policies, with countries such as Brazil that have private enterprises, and countries like Venezuela with government-owned heavy industry businesses.

In 2010, there will be shifts in power in regard to exports and imports in the international heavy processing industries. China will continue its dominance, and India will continue chasing China. These two countries are the ones to watch as they emerge into a global presence across the board. The Middle East remains steady, and large investment continues to pour into the region. Large complexes are being planned, and some are already under construction in the Middle East. South America is expected to flourish with the investment that is being laid in its more developed countries.

Click here to join Chris Easley, International Research Manager for Industrial Info Resources, for a discussion on the future growth of international regions in the global industrial marketplace.

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy related markets. For more than 26 years, Industrial Info has provided plant and project opportunity databases, market forecasts, high resolution maps, and daily industry news. For more information send inquiries to industrialmanufacturing@industrialinfo.com or visit us online at www.industrialinfo.com.

Contact Information

  • Contact:
    Joe Govreau
    713-783-5147