Open AccessFEATURES OF THE PETROCHEMICAL INDUSTRY OF THE REPUBLIC OF KAZAKHSTAN AND ASSESSMENT OF ITS COMPETITIVENESS
Author(s) -
Assel Kadyrbergenova,
N. Ismagulova,
R. Bagitova,
M. Azhmagambetova
Publication year - 2021
Publication title -
statistika, učet i audit
Language(s) - English
Resource type - Journals
ISSN - 1563-2415
DOI - 10.51579/1563-2415.2021-2.13
Subject(s) - petrochemical , petroleum , production (economics) , tonnage , business , petroleum industry , supply and demand , resource (disambiguation) , natural resource economics , agricultural economics , commerce , waste management , environmental science , economics , engineering , environmental engineering , chemistry , computer network , oceanography , organic chemistry , computer science , macroeconomics , microeconomics , geology
The petrochemical market is a necessary element of resource supply for all sectors of the economy. The petrochemical market is a necessary element of resource supply for all sectors of the economy. In its development, petrochemicals are ahead of related industries, such as oil production and refining. Even today, the volume of sales in monetary terms significantly exceeds the volume of sales of oil or petroleum products. In the future, the global petrochemical market will continue to grow faster than the oil and petroleum products market. The annual growth of the production rate of multi-tonnage plastics is expected to reach 5% by 2023, and the production of polyester fibers-6%. At the same time, the growth rate of oil demand, according to the Energy Information Agency (USA), will be 1.7% per year, including in developed countries – about 1% per year. The petrochemical industry is characterized by rapid development of scientific and technological progress, increasing the efficiency of public production. Even today, the volume of sales in monetary terms significantly exceeds the volume of sales of oil or petroleum products. In the future, the global petrochemical market will continue to grow faster than the oil and petroleum products market. The annual growth of the production rate of multi-tonnage plastics is expected to reach 5% by 2023, and the production of polyester fibers-6%. At the same time, the growth rate of oil demand, according to the Energy Information Agency (USA), will be 1.7% per year, including in developed countries – about 1% per year. The petrochemical industry is characterized by rapid development of scientific and technological progress, increasing the efficiency of public production.