Fast Market Research recommends "Qatar Petrochemicals Report Q2 2015" from Business Monitor International, now available

Boston, MA -- (SBWire) -- 02/11/2015 --Following the cancellations of the Al Sejeel and Al Karaana petrochemicals projects, Qatar's drive towards petrochemicals development over the medium term has been severely slowed, undermining its stake in global production growth and preventing the country from realising multi-billion dollar revenues from downstream diversification.

Qatar's competitive edge has been undermined by a combination of factors, including rising construction costs; the planned surge in shale-based capacity in the US; and the diminishing cost advantage of ethane - Qatar's main feedstock - as naphtha prices fall in line with oil prices. Had Qatar's projects gone ahead, domestic gas demand would have risen considerably, leading to market constraints and fuelling an ethane price rise. For investors, these trends would have left the projects unprofitable.

Qatar's reliance on ethane feedstock has also limited its petrochemicals industry to some extent, as the country does not produce the same range of by-products as competitors which rely on other feedstock. The US and China, for example, also rely on naphtha. Due to the lack of diversification, Qatar is likely to be sidelined in the special chemicals market. Although the government is seeking to redress the balance with mixed crackers, other industries are also capitalising on the increasing global demand, which will cause Qatar to be left behind.

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BMI notes the following developments in Qatar's petrochemical industry:

- While Qatar says it is now considering new downstream petrochemical projects that are expected to yield better economic returns, BMI believes future plans are likely to be on a smaller scale and unlikely to be realised before the global market can absorb the surge in US-based petrochemicals. Planned expansion includes a third cracker unit at Qatar Petrochemicals Company (QAPCO)'s Mesaieed complex with capacity of 400,000 tonnes per annum (tpa), which will bring total ethylene production capacity at the site to...

The Qatar Petrochemicals Report has been researched at source, and features Business Monitor International (BMI)'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 Qatar Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Qatari petrochemicals industry.

Key Benefits

- Benchmark BMI's independent petrochemicals industry forecasts to test other views - a key input for successful budgetary and planning in the Qatari petrochemicals market.

- Target business opportunities and risks in the Qatari petrochemicals sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Qatar.

- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage

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).

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