New Market Research Report: Kuwait Petrochemicals Report Q4 2014

From: Fast Market Research, Inc.
Published: Tue Aug 26 2014


While Kuwait's Petrochemical Industries Company (PIC) plans to increase its petrochemical income to make up more than 50% of the country's non-oil income, BMI's latest Kuwait Petrochemicals Report states that further value added to petrochemicals is essential to developing the production chain and ensuring that the industry is buffered from the effects of increased competition in external markets.

The petrochemical sector will be a significant source of non-oil income in Kuwait, expected to contribute more than 50% to the country's non-oil earnings. The industry plans to increase its petrochemical income to make up more than 50% of the country's non-oil income. The company's petrochemical development strategy includes the expansion of Aromatics and Olefins III projects and entering the specialised petrochemical industry. However, further value added to Kuwaiti petrochemicals is essential to developing the production chain and ensuring that the industry is buffered from the effects of increased competition in external markets.

Full Report Details at
- http://www.fastmr.com/prod/861868_kuwait_petrochemicals_report_q4_2014.aspx?afid=301

* Deputy Prime Minister and Minister of Oil Mustafa Al-Shimali outlined plans for Kuwait's downstream capacity to reach 1.4mn b/d, up from 930,000b/d, by 2018. This timeline is in line with our current forecast, but we note sizable downside risk exists as a result of slow progress and setbacks in current downstream projects.
* In spite of the Chinese manufacturing slowdown, the automotive sector, which is among the main petrochemicals consuming industries, is set for 9.2% growth in 2014, stimulating growth in PP for car fittings. This should benefit Kuwait with its competitive advantage in PP.
* India will remain another crucial market for Kuwaiti petrochemicals. Indian petrochemicals consumption will follow the trends in the wider economy. Despite the Indian economy posting subdued growth in previous months, we believe the recent positive policy changes and weak base effect should see growth reaccelerate in the coming year. The automotive...

The Kuwait Petrochemicals Report has been researched at source, and features Business Monitor International (BMI)'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 Kuwait Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Kuwaiti 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 Kuwaiti petrochemicals market.

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- United Arab Emirates Petrochemicals Report Q4 2014
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- Saudi Arabia Petrochemicals Report Q4 2014

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