According to the latest forecast report released by Deutsche Bank recently, global GDP is expected to grow by 3.2% in 2012, with China's GDP growth expected to reach 8.3%, India's 7.3%, Japan's 0.5%, and the euro area's GDP expected to decrease by 0.5%. It is expected that the US chemical industry will grow moderately at a growth rate of 4.5% in 2012.

Due to the different economic development situations of various countries in the world, the prospects for the chemical industry market in the major global economies will be differentiated in 2012. Among them, the US chemical market has recovered with the slow recovery of the economy and the support of relevant national policies; However, due to the impact of the debt crisis, the growth rate of the chemical market in the euro area may be negative; The Japanese chemical industry market is facing new challenges due to resource shortages; The development prospects of chemical product markets in countries such as China and India are optimistic.

According to relevant data, due to the impact of the debt crisis, the economic development of major European Union countries continues to weaken, and the growth of demand for chemical products is limited. Some chemical production enterprises have reduced their operating rates to maintain a balance between supply and demand. In 2011, the output of chemical products in Europe was not high. However, the current debt crisis in the euro area has not been fundamentally alleviated, and it is expected that the prospects for the chemical market in the euro area in 2012 are not optimistic.

However, due to the lack of energy and resources in Japan, the development of its chemical industry is increasingly constrained by energy resources. According to data, Japan is an island country with limited resources and energy reserves, and most of the energy and resources consumed domestically depend on imported products. Currently, global energy and resour