Petrochemical Industry to 2015 - Increased Demand from China will Drive Recovery

Petrochemical Industry to 2015 - Increased Demand from China will Drive Recovery

The study, which is an offering from the company’s Petrochemical Research Group, provides an in-depth analysis of the post-recession Chinese petrochemical industry, with demand and production forecasts and key trends until 2015. It provides the historic and future forecasts of basic petrochemicals and polymers capacity, production and demand in China. The study provides detailed analysis of China’s role in helping the global petrochemicals industry to recover from slowdown. The report presents export trends of major petrochemicals producing countries to China during the slowdown and initial recovery phase. In addition, the report discusses major foreign investments in China. It also describes the growth strategies adopted by major companies in the recovery phase. Overall, the report presents a comprehensive analysis of the Chinese petrochemical market and its trade and collaboration with various countries during the economic crisis and the recovery phase. The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by Company’s research team of industry experts.

The Chinese petrochemicals industry is the fastest growing petrochemicals industry in the world. As with other petrochemical markets, the Chinese petrochemicals market stumbled as recession slowed down the growth, but stimulus packages and strong demand from its large domestic market helped to revive the petrochemicals industry. The Chinese petrochemicals industry is imports-dependent, which will continue to benefit the producers in other countries such as Saudi Arabia, Japan, Korea and the US. These countries can extend their excess supply to the Chinese market. The fast growing Chinese market is attracting foreign producers who are entering into joint ventures with Chinese producers to establish manufacturing facilities in China.

The demand for basic petrochemicals and major plastics in China has increased from 37.949 MMtpa in 2000 to 100.843 MMtpa in 2010, at a CAGR of 10.3%. The demand growth rate in China is high as compared to the production growth rate, which makes it dependent on imports to meet its domestic demand. The growing Chinese demand in the recovery phase provides opportunities to producers in other countries who can export their excess supply to the Chinese market. Major Asian countries such as Japan and South Korea have benefited most by exporting to China. In 2010, Korea accounted for 31% of China’s total basic petrochemicals imports and 21% of major plastics imports, while Japan accounted for 23% of China’s total basic petrochemicals imports and 9% of major plastics imports.

Scope

The report provides in-depth analysis, market opportunities and challenges for manufacturers of petrochemicals, worldwide. It contains detailed information about the Chinese petrochemical industry, planned project details, demand and production forecasts, and import data for major petrochemicals and polymers in China. Its scope includes -
- Effect of economic slowdown on the global petrochemical industry
- Demand for basic petrochemicals and major plastics by volume in key regions – Asia-Pacific, Europe, North America, and the Middle East and Africa.
- Planned capacity addition of basic petrochemicals and major plastics in China.
- Market scenario for major petrochemicals and polymers in China from 2000 to 2010, and forecasts for five years to 2015.
- Imports of major polymers into China from different regions such as Japan, South Korea, the US, Saudi Arabia, Iran and Brazil.
- Major international deals in the Chinese petrochemicals industry in the period 2008-2010.
- Strategies adopted by major petrochemicals producers to utilize growing Chinese demand.

Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
- Understand the impact of economic crisis on the global petrochemical industry and how the increased demand from China has helped the industry to recover from slowdown.
- Develop business strategies with the help of specific insights on the Chinese petrochemicals market.
- Identify opportunities in the Chinese petrochemical industry.
- Identify prospective investment targets through a comprehensive update and discussion of new petrochemical projects, and major trends in China.
- Increase future revenue and profitability with the help of insights on the future opportunities and critical success factors in the Chinese petrochemical industry.
- Identify entry prospects in the Chinese petrochemical market through analysis of major deals, foreign investments and joint ventures.