Just Published: "Poland Petrochemicals Report Q4 2015"

The Polish petrochemicals industry is going from strength to strength with a strong trajectory in the context of industrial growth. Polymer growth was in double digits as key market segments, such as the automotive and construction industries, posted solid performances.

In H115, polyethylene, polypropylene and polyvinyl chloride (PVC) grew by 10.4%, 13.9% and 14.6% y-o-y respectively. This came on the back of the robust recovery in domestic demand, although there are strong upside risks to these forecasts, with BMI upgrading GDP growth forecasts to 3.5% for 2015 and 3.9% for 2016. In terms of key market segments, we forecast vehicle output to expand 15.3% in 2015 followed by average annual expansions of 4.4% between 2016 and 2019. Meanwhile, construction is being supported by record low interest rates which provides upside risk to our polymers outlook, benefitting PVC and extruded products.

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- http://www.fastmr.com/prod/1038821_poland_petrochemicals_report.aspx?afid=301

Strong growth in consumption should provide the basis for domestic capacity growth. Polish refiners Grupa Lotos and Grupa Azoty have proposed a 1mn tonnes per annum (tpa) petrochemicals complex in Gdansk, based either on an ethylene cracker or an aromatics extraction plant. If it is constructed, it will be the biggest petrochemicals investment in Europe, apart from Rusia, for many years, although it is unlikely to come onstream before 2019. Key to the success of the plant will be low cost feedstock, which would require sustained low naphtha costs, which themselves depend on low crude prices.

In 2014, Poland had olefins of 760,000tpa ethylene, 475,000tpa propylene and 60,000tpa butadiene. Polymer capacities include 320,000tpa high-density polyethylene, 170,000tpa low-density polyethylene, 400,000tpa PP, 550,000tpa PVC, 90,000tpa polystyrene and 120,000tpa polyethylene terephthalate. In the fertiliser segment, it had capacities of 1.4mn tpa in both ammonia and urea.

The Poland 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 Poland Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Polish 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 Polish petrochemicals market.
* Target business opportunities and risks in the Polish petrochemicals sector

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