Thailand Petrochemicals Report

 Published On: Jan, 2014 |    No of Pages: 91 |  Published By: BMI Petrochemicals | Format: PDF
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View: The over-supply situation in the Chinese market, coupled with growing Indian self-sufficiency and the ongoing eurozone crisis, will narrow the range of markets that are capable of absorbing Thai exports, according to BMI's latest Thailand Petrochemicals Report. As such, prices are likely to soften and margins will come under pressure. However, Thailand's major polymer exports are likely to account for up to a third of capacity by 2017.

Petrochemicals growth will benefit from operations at IRPC's expanded 395,000tpa monoethylene glycol (MEG) plant, which will feed the production of polyester fibres and resins. In terms of speciality chemicals, Mitsubishi Gas Chemical (MGC) is overseeing a major expansion of polyacetal engineering plastic capacity at Thai Polyacetal - with a de-bottlenecking programme raising capacity by 5,000tpa to 60,000tpa. A second phase involves the construction of a 40,000tpa polyacetal facility, which will raise the total at the site to 100,000tpa. Both projects were expected to come on stream by Q114. Polyacetal has a broad range of uses as a robust polymer used in engineering.

Industry View 7
SWOT 8
Political 9
Economic 11
Business Environment 13
Industry Forecast 15
Table: Thailand's Petrochemicals Sector, 2012-2018 ('000tpa, unless otherwise stated) 17
Macroeconomic Forecasts 18
Economic Analysis 18
Table: Thailand - Economic Activity 22
Industry Risk/Reward Ratings 23
Asia Petrochemicals Risk/Reward Ratings 23
Table: Asia Petrochemicals Risk/Reward Ratings 27
Thailand Petrochemicals Risk/Reward Ratings 27
Market Overview 29
Industry Trends And Developments 32
Investment In Vietnam 33
Company Profile 35
Siam Cement Group (SCG) 35
Indorama Polymers Public Company Limited (IRP PCL) 38
Integrated Refinery and Petrochemicals Company (IRPC) 40
PTT Global Chemical 43
Regional Overview 47
Asia Overview 47
Short-term outlook 47
Preparing for another capacity surge 49
Rapid growth in Southeast 51
Global Industry Overview 52
A Stable 2013, Leading To Growth In 2014? 52
Table: Top 10 Ethylene Producers, 2013 54
Long-Term Growth 54
Shale: The Future Of Feedstock? 56
Threats To growth 59
Global Oil Product Price Outlook 59
Methodology 59
Crude Price Forecasts 60
Table: BMI's Oil Price Forecasts, Average Price (US$/bbl) 60
Variance Across Product Markets 60
Narrower US Market Crude-Product Spreads 63
Weak Demand Persists 64
Risks To Outlook 65
Table: BMI's Refined Products Forecasts, US$/bbl 66
Supply: Supported By Global Refining Capacity 67
Naphtha: US Gas Hits Demand 70
Gasoline And Gasoil/Diesel: Subsidies & Fuel Efficiency Cap Upward Movement 73
Jet Fuel: Limited Upward Movement 75
Table: Total Air Freight And Passenger Volumes 77
Bunker Fuels: Sulphur Control To Hit Rotterdam Hardest 77
Demographic Forecast 81
Table: Thailand's Population By Age Group, 1990-2020 ('000) 82
Table: Thailand's Population By Age Group, 1990-2020 (% of total) 83
Table: Thailand's Key Population Ratios, 1990-2020 84
Table: Thailand's Rural And Urban Population, 1990-2020 84
Glossary 85
Table: Glossary Of Petrochemicals Terms 85
Methodology 86
Industry Forecast Methodology 86
Risk/Reward Ratings Methodology 88
Table: Petrochemicals Risk/Reward Rating Indicators 90
Table: Weighting Of Indicators 91

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