SOURCE: Industrial Info Resources

Industrial Info Resources

February 28, 2014 06:10 ET

Industrial Market Outlook in Review: U.S. Chemical Activity Reaches New Heights, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Feb 28, 2014) - Researched by Industrial Info Resources (Sugar Land, Texas) -- While it's obvious that the abundant production of natural gas from shale plays has given a shot in the arm to the U.S. economy, one of the industrial sectors where this is most prominent is the Chemical Processing Industry. "Natural gas is what's driving the unprecedented growth in the Chemicals Industry," said Trey Hamblet, Industrial Info's VP of Global Research for the Chemical Processing Industry, at the company's most recent Industrial Market Outlook, held January 29 in Houston, Texas.

"There are several commodities in the industry that are prime consumers of natural gas as a feedstock," said Hamblet, and the current outlook that there will be very little or no significant increase in U.S. natural gas prices in the coming years opens the door for the construction of several large-scale, multibillion-dollar projects, eventually leading to additional increases in project activity further downstream.

The most obvious area to be influenced by this increase in the availability of inexpensive natural gas is the ethylene sector.

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