SOURCE: Industrial Info Resources

Industrial Info Resources

February 05, 2015 06:00 ET

Industry Market Outlook: Cheap Natural Gas Spurs High Hopes for U.S. Chemical Industry, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Feb 5, 2015) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Trey Hamblet, Industrial Info's Vice President of Research for Chemical Processing, told attendees at the company's most recent Industrial Market Outlook that few U.S. industries are benefiting from low commodity prices as much as the Chemical Processing Industry. Spending on construction starts in the industry has risen each year for the past half-decade -- and this trend is expected to continue through 2016, when a stunning $58.5 billion worth of projects are proposed to kick off. But, as Hamblet warned, these things rarely go according to plan.

Within this article: Details from Hamblet's presentation about the U.S. Chemical Processing Industry in 2015 and beyond, with information on the booming ethylene market, strengthening demand for exports, the ammonia market, and increased maintenance activity.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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