"Spain Petrochemicals Report Q1 2016" Published

From: Fast Market Research, Inc.
Published: Tue Jan 05 2016


Downsizing of capacity did not dent Spain's continuing robust recovery in petrochemicals in 2015. In the first nine months of 2015, the Spanish petrochemicals industry saw respectable growth with chemicals output up 3.7% y-o-y and rubber and plastics rising 5.7%. While there are risks going forward and external vulnerabilities, the industry is set for another year of growth in 2016.

The country's domestic markets are seeing uneven growth with construction falling behind the automotive industry. The former represents the large bulk of PVC and polypropylene (PP) pipe consumption while the latter requires a diverse range of products including PP, polyurethanes (PUs) and synthetic rubbers. With construction stagnating, it will be the solid growth in the automotive industry that stimulates petrochemicals demand with a resultant pull on certain market segments.

Full Report Details at
- http://www.fastmr.com/prod/1075262_spain_petrochemicals_report.aspx?afid=301

Spanish petrochemicals capacity was reduced in 2015 due to the renovation of Repsol YPF's ethylene and propylene capacities at its Puertollano cracker. While the cracker is now able to take alternative feedstocks, it saw a loss of 155,000 tonnes per annum (tpa) of ethylene capacity to 95,000tpa, and propylene capacity will fall by 85,000tpa, to 65,000tpa. The 95,000tpa high density polyethylene plant at Puertollano was also closed in Q115 due to lack of profitability.

Export growth will be a crucial factor and should continue through 2016. Additionally, Spain's economic recovery will outpace the eurozone, lifting domestic demand for petrochemicals end-products. Nevertheless, rising political uncertainty will pose one of the main risks to the country's economic recovery with the December 2015 election likely to create uncertainty going forward.

The Spain 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 Spain Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Spanish 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 Spanish petrochemicals market.
* Target business opportunities and risks in the Spanish petrochemicals sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Spain.
*

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 http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Thailand Petrochemicals Report Q1 2016
- Russia Petrochemicals Report Q1 2016
- Egypt Petrochemicals Report Q1 2016
- Turkey Petrochemicals Report Q1 2016
- Indonesia Petrochemicals Report Q1 2016

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

Visit website »