Weak demand from all over the world due to economic weakness in Europe, and Europe and the Middle East, North America, there is a huge gap in petrochemical production costs, plus the European strict regulation of rising production costs, export competitiveness, the European chemical products in the global market share has fallen dramatically. The European chemical industry council (CEFIC) pointed out that the CEFIC has adjusted the forecast in 2014, the European chemicals production by June forecast growth of 2%, adjusted for the current growth rate of 1.5%. Based on the forecast for economic growth leveled off in 2015, the predictive results of the chemical production still for 1.5% growth. On the basis of some main indicators suggest that the current growth slowdown risk is on the rise.

1 to July 2014, the European chemicals production flat over the same period of last year, among them, the petrochemical production fell 6.5% year on year, specialty chemicals production rose 3.3% year-on-year, consumption of chemicals production rose 1.5% year-on-year, polymer output grew by 0.4% year on year, basic inorganic chemicals production grew by 0.2% year on year. CEFIC, according to the European chemicals production continues to increase, but its share of global market share declining, China and the United States has the upper hand.