Newly released market study: South Africa Petrochemicals Report Q3 2015

From: Fast Market Research, Inc.
Published: Tue May 26 2015


The deleterious effects of South Africa's energy crisis has impacted negatively on the country's petrochemicals industry, which saw a significant drop in production in the first quarter of 2015 . BMI's latest South Africa Petrochemicals Report sees little reprieve in 2015, with growth in key petrochemicals sectors likely to flatline in the short term.

After a year of decline in 2014 when rubber and plastic output fell by 6.9% and 3.1% respectively, the South Africa's petrochemicals industry reported a significant decline in the first two months of 2015. In the January-February period, rubber declined 15.8% year-on-year (y-o-y) while plastic fell 8.0%, indicating that the petrochemicals sector was one of the worst hit segments of the economy. This comes in the context of a weakening recovery and falling investor sentiment.

Full Report Details at
- http://www.fastmr.com/prod/1001207_south_africa_petrochemicals.aspx?afid=301

Going forward, the petrochemicals industry will not just be directly affected by South Africa's electricity shortages, but also its domestic markets will be adversely impacted. As a supplier of material to a range of manufacturing sectors, it stands to fare the worst from the crisis. This also poses major implications in the long term as power-intensive producers, including the automotive industry, may seek to reconsider their South African operations.

Key Developments And Forecasts

* In 2014, South Africa had ethylene capacity of just under 700,000 tonnes per annum (tpa) and propylene capacity of 960,000tpa, while polymer capacities included a total of 570,000tpa of polyethylene (PE), 60,000tpa of polyethylene terephthalate (PET), 680,000tpa of polypropylene (PP) and 200,000tpa of polyvinyl chloride (PVC). Capacities are unlikely to change over the medium term.
* With growth in the automotive industry falling from 3.7% in 2014 to 1% in 2015, this market segment is set to adversely impact on the consumption of engineering plastics and rubbers used in the automotive industry.
* The low value of the rand, coupled with low oil...

The South Africa 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 South Africa Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the South African petrochemicals industry.

Key Benefits

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Contact Name: Bill Thompson
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