Fast Market Research

Market Report, "France Petrochemicals Report Q3 2012", Published

New Energy research report from Business Monitor International is now available from Fast Market Research


Boston, MA -- (SBWIRE) -- 07/24/2012 -- The France Petrochemicals Report examines the immediate and long-term prospects facing the chemicals industry over what will be a tough year following two years of recovery.

The report looks at the competitiveness of the French petrochemicals industry, both at home and abroad, and the potential for increased competition between domestic production and foreign imports. The report also analyses the growth and risk management strategies employed by leading producers in France as they seek to reduce their costs and improve the integration of refining and downstream units.

In 2011, BMI estimates that France had olefins production capacities of 3.14mn tonnes per annum (tpa) ethylene, 2.13mn tpa propylene and 445,000 tpa butadiene. Polymer capacities included 1.44mn tpa polypropylene (PP), 1.22mn tpa low density polyethylene (LDPE), 705,000 tpa high density polyethylene (HDPE), 560,000 tpa linear low density polyethylene (LLDPE), 1.39mn tpa polyvinyl chloride (PVC), 330,000tpa polystyrene (PS) and 70,000tpa polyethylene terephthalate (PET). In the fertiliser segment, France has capacities of 1.58mn tpa ammonia and 785,000 tpa urea. France also had styrene butadiene rubber capacity of 160,000 tpa. In order to sustain production, French petrochemicals producers will have to ramp up research and development, improve their products' value-added aspects and exploit niche and speciality markets. At the same time, restructuring, streamlining and integrating operations will be crucial to boosting profitability. New efforts are expected to involve partnerships with clients, new innovation sources and higher integration with refining.

View Full Report Details and Table of Contents

In H112 the worsening economic climate continued to have a significant impact, with plastics and basic petrochemicals worst affected. BMI believes that the industry's lack of competitiveness both within the EU and beyond will lead to significant cutbacks in capacity. A downturn in 2012 will prevent a return to pre-recession operating rates and by the time the market recovers, old, inefficient and smaller capacities are likely to be taken offline.

Over the last quarter BMI have revised the following forecasts/views:

- In 2011, chemical industry output grew 5.9% y-o-y on the back of a 13% rise in turnover to EUR86.7bn. Output growth was better than the consensus estimate of 4.5%.
- Chemical output growth is unlikely to exceed 2% in 2012 and could potentially fall to zero.
- France scores 73.5 points in BMI's Q3 petrochemicals ratings, up 0.2 points on the previous quarter due to a slight improvement in its long-term external risk score, although this remains relatively low. France retains second place in BMI's Western European petrochemicals risk/reward ratings, lying 7.9 points behind Germany and 1.1 points ahead of the Netherlands.

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

Browse all Energy research reports at Fast Market Research

You may also be interested in these related reports:

- Israel Petrochemicals Report Q3 2012
- China Petrochemicals Report Q3 2012
- Czech Republic Petrochemicals Report Q3 2012
- Hungary Petrochemicals Report Q3 2012
- Poland Petrochemicals Report Q3 2012
- Turkey Petrochemicals Report Q3 2012
- South Africa Petrochemicals Report Q3 2012
- Qatar Petrochemicals Report Q3 2012
- Iran Petrochemicals Report Q3 2012
- Germany Petrochemicals Report Q3 2012