Spending by the global middle class is projected to rise from $21 trillion in 2009 to $35 trillion in 2020, as a dramatic increase in consumers with disposable income occurs. Such trends are expected to continue to drive demand for consumer electronics in which brominated flame retardants provide essential fire retardant properties.
China and India are projected to increase their plastic consumption by 10.5 million tons over the next 5 years, equivalent to the total current US consumption. As infrastructure spending and consumer demand drive greater demand for plastics, Albemarle’s polymer catalysts business benefits from increased sales of co-catalysts and components to ethylene manufacturers.
Oil production from deep-water fields has nearly doubled in the past 5 years and now makes up 8% of total global oil output. As an increasing portion of international oil companies' capital investments fund drilling in waters both deeper and farther offshore, demand for Albemarle’s clear brine fluids is expected to continue to grow.
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Albemarle is a leading specialty chemical company providing innovative chemistry solutions to customers in over 100 countries around the world. We are committed to creating value for our shareholders, customers and employees, while continually striving for excellence by doing the right things the right way.
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