Emerging Economies


Emerging Economies

 


 

The last few decades have witnessed the emergence of countries like India, China, Brazil Russia as a major force to reckon with and a strong economic block in the global arena. Commonly referred as BRIC nations, these countries have shown stronger reseilience during the last recession and have further established their position in the global scale. They recovered fast and this entire fiasco marked a worldwide shift of the economic power away from the West. They are the land of surprising and substantial commercial and financial opportunity and offers a rare amalgam of political stability, economic diversity and dynamism, fiscal austerity and conformity. Not only in the busienss arena, these regions have started coming into its own on the world political stage too.

 

For businesses and investors worldwide, these economies are providing more and more ways to tap huge and rapidly expanding consumer markets, put capital to work, harness the energies and intellect of its growing professional class, find new suppliers and forge new partnerships in an increasingly diversified economy.

 

Some of the major factors that have driven the growth of these economies are the

Super Sized Consumer Market

Inflow of Foreign Investment

Nations bestowed with huge natural resources, coupled with industrial growth

Emergence of Service Sector.

 

In terms of chemical industry also these nations have made their mark in the international arena in a big way. Some of the major companies from these region which have put a major mark in the global industry are:

 

INDIA

Reliance Industries Limted: RIL is India's largest private sector conglomerate company by market value. Petrochemicals is one of the core line in its diversified portfolio and has a considerable presence in the global market.

 

Indian Oil Corporation: IOCL is an Indian state owned oil and gas company and is India's largest commercial enterprise. Lubricants, naptha, bitumen and paraffin are some of the major products in the company's product line.

 

CHINA

China Petroleum & Chemical Corporation Limited or Sinopec Limited: Sinopec Limited is a majority owned subsidary of state owned company Sinopec Group. Sinopec's business includes marketing production and sales of petrochemicals, chemical fibers, chemical fertilizers and other chemical prodoucts along with other businesses.

 

China National Petroleum Corporation (CNPC): CNPC is a state owned corporation and the largest integrated oil and gas company in the People's Republic of China. CNPC is the parent of Petro China, the second highest evaluated company in the world in terms of market capitalization as of June 2010.

 

RUSSIA

OJSC Kazanorgsintez: OJSC Kazanorgsintez is one of Russia's largest chemical companies and the country's largest polyethylene producers. The company produces a range of organic chemistry including ethylene, polyethylen, ethylene oxide etc.

 

Sibur: It is one of the major Russian petrochemical company controlled by Gazprom. Sibur has a wide range of activites which include refining of the feedstock gas, production of monomers and polymers, methanol production, mineral fertilizers, synthetic rubber and plastic processing.

 

BRAZIL

Braskem: Braskem is a Brazilian petrochemical company headquartered in Sao Paulo. The company is the largest petrochemical in the Americas by production capacity and the seventh largest in the world.

 

Quattor: Quattor is a Brazilian petrochemical company headquatered in Rio de Janerio, and is the the second largest petrochemical companies in Brazil second only to Braskem and has a major presence in th petrochemical of the Americas.

 

Apart from these major ones there are a wider constellation of hugely promising economies. There are a fluid list of economies that are achieving growth rate consistently over an extended period of time and clocking 7% growth rate at a consistent level. Countries like Indonesia, Korea Turkey, Poland along with the BRIC nations are coming up fast in the global stage and posing bigger challenges to the developed economies.