New Market Research Report: Qatar Petrochemicals Report Q3 2016
New Energy research report from Business Monitor International is now available from Fast Market Research
PR-Inside.com: 2016-08-17 21:40:44
The effects of the US shale gas revolution, low oil prices, high construction costs, China’s self-sufficiency and the lifting of sanctions on Iran are all downside risks that are likely to prevent Qatar from capitalising on its indigenous resources.
In 2015, expansions in Qatar’s plastic industry increased the country’s regional market share to 8% of the total in the Gulf Cooperation Council, according to the Gulf Petrochemicals and Chemicals Association (GPCA). However, with prominent planned projects now postponed or cancelled due to adverse market conditions, its position in the region is set to fall back, with Oman seeing strong growth, the UAE adding to its already massive petrochemicals facilities and Saudi Arabia consolidating its lead.
China and India represent the largest markets for Qatar’s polyethylene output, but exports to these Asian economic powerhouses are under pressure and the country’s petrochemicals industry needs to diversify if it is to defend its profit margins. The prospects for the industry will therefore be determined primarily by the trends in the volatile and uncertain European markets. BMI believes the upshot will be pressure on Qatari margins and potentially lower production volumes, possibly leading to turnaround schedules being moved forwards.
Full Report Details at
– www.fastmr.com/prod/1182886_qatar_petrochemicals_report.aspx?afi ..
Sanctions relief on Iran pose another threat as Iran is likely to emerge as Qatar’s main competitor. However, Qatar’s petrochemicals industry is more advanced in its development than Iran, and does not have the ramifications to investment – bureaucratic or infrastructural constraints – associated with Iran.
There are also multiple risks facing Qatari fertiliser production, which is growing at a far higher rate than global demand growth. In this market, Saudi Arabia will represent a significant regional competitor in export markets, leveraging its competitive advantage in gas. India’s move towards fertiliser self-sufficiency will also pose a challenge in Asian markets.
Although the country possesses plentiful natural gas reserves, the decline in the naphtha-ethane spread and high capital costs have made new Greenfield world-scale complexes commercially unfeasible. Plans are afoot to look at utilising the available ethane, but with no details on capacity or schedule, we have not included any further expansion in our five-year forecast.
Qatar has fallen to fifth place in our Petrochemicals Risk/Reward Index for the Middle East and North Africa region this quarter as a result of a 1.8 points decline in its RRI to 57.7 points. The downward revision is the result of project cancellation and doubts over the viability of expansion plans, in addition to the effects of the ongoing narrow ethane-naphtha spread that is posing problems for competitiveness. It now lies 0.5 points ahead of Israel and 1.0 point behind Kuwait.
The Qatar 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 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.
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).
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:
About Business Monitor International
Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI’s country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010&afid=701
About Fast Market Research
Fast Market Research is a leading 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 is always available to 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 www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int’l)