Fast Market Research announces the availability of the new Business Monitor International report, "Kuwait Petrochemicals Report Q1 2016", on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 11/11/2015 -- Kuwait's petrochemicals industry should prove resilient in the face of the twin challenges of rapid growth in Iranian exports and an increasingly over-supplied Asian market. Petrochemicals capacities are expanding, but the delay in the Al-Zour refinery project presents a significant downside.
Kuwaiti petrochemicals should experience a boost to production as a result of debottlenecking operations at its polyethylene (PE) and mono-etylene glycol (MEG) units. Production will be further boosted in 2017 with the completion of Kuwait Petroleum Corporation's (KPC) Olefins III petrochemicals project. The country's industry should also capitalise on lower naphtha costs, which put it at a competitive advantage over ethane-based rivals in the Arabian Gulf region.
Externalities will be crucial to the performance of the Kuwaiti petrochemicals industry and unless the industry sustains a competitive edge, it will suffer diminishing margins on production. While the predominantly naphtha-fed sector has taken advantage of the recent decline in crude prices, it may struggle with the surge in output from Iran following sanctions relief as well as low-cost output from US shale-fed producers. Yet, it still has better prospects than most petrochemicals producers in the Arabian Gulf.
Get More Details on this Report and a Full Table of Contents at Kuwait Petrochemicals Report Q1 2016
The Al-Zour project was set to raise downstream refinery capacity to 1.4mn barrels/day by 2019, but it looks set to be delayed until 2020 as costs escalate and Kuwait continues in its effort to secure financing. In the meantime, refining capacity is set to decline as a result of consolidation within the refining sector, a move that could restrict naphtha supply to petrochemicals and raise feedstock costs.
By 2020, ethylene capacity should reach 3.1mn tonnes per annum (tpa) and PE should top 1.8mn tpa. In addition, MEG is set to rise from 1mn tpa to at least 1.6mn tpa.
The Kuwait Petrochemicals Report has been researched at source, and features BMI Research's market assessment and independent forecasts for key petrochemicals sub-sectors. The report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing companies by products and services, sales, market share, investments, projects, partners and expansion strategies.
BMI's Kuwait Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Kuwaiti petrochemicals industry.
-Benchmark BMI's independent petrochemicals industry forecasts to test other views - a key input for successful budgetary and planning in the Kuwaiti petrochemicals market.
-Target business opportunities and risks in the Kuwaiti petrochemicals sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Kuwait.
-Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).
BMI Industry View
Summary of BMI?s key industry forecasts, views and trend analysis, covering the petrochemicals markets, regulatory changes, major investments, projects and company developments.
Industry SWOT Analysis
Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the petrochemicals sector and within the broader political, economic and business environment.
BMI Industry Forecasts
Historic data series (2009-2013) and forecasts to end-2019 for key industry and economic indicators, supported by explicit assumptions, plus analysis of key risks to the main forecasts. Indicators include:
-Energy: Oil production (?000 b/d), oil consumption (?000 b/d), net oil exports (?000 b/d), gas production (bcm), gas consumption (bcm), net gas exports (bcm), oil refinery capacity (?000 b/d).
-Petrochemicals: Ethylene capacity (?000 tpa), ethylene production (?000 tpa), ethylene consumption (?000 tpa), polyethylene capacity (?000 tpa), polypropylene capacity (?000 tpa), polyvinyl chloride capacity (?000 tpa), polyolefins consumption (?000 tpa).
-Oil Products Prices: Price forecasts for all major oil-based products (USD/bbl) at major global energy trading hubs.
-Economic: Nominal GDP (USDbn), real GDP growth (%), GDP per capita (USD), population (mn), unemployment (%), exchange rate (against USD).
BMIs Petrochemicals Risk Reward Index
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