"Romania Petrochemicals Report Q3 2015" is now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Wed May 27 2015

Romania's petrochemicals industry witnessed a downturn in growth in 2014 with a contraction in the fourth quarter. The outlook for the short to medium term is more positive with BMI's latest Romania Petrochemicals Report anticipating improved growth in the automotive and construction sectors.

In 2014, chemicals output grew 2.6% while rubber and plastic grew 5.6%, but growth rates were dragged down by poor performance in Q414. The decline had both demand and supply side causes. In terms of demand, the decline in industrial growth in the final months of 2014 had negative effects on petrochemicals consumption. On the supply side, the financially troubled polymer producer Oltchim is dragging down performance in the sector. Privatisation attempts have failed and the company is operating plants at under a quarter of capacity.

Full Report Details at
- http://www.fastmr.com/prod/1001175_romania_petrochemicals_report.aspx?afid=301

In 2014, Romania had modest olefins capacities of 200,000 tonnes per annum (tpa) ethylene and 100,000tpa propylene feeding capacities totalling 320,000tpa polyethylene and 80,000tpa polypropylene. Romania also has 60,000tpa polystyrene and 170,000tpa polyvinyl chloride (PVC). As such, the industry is small and lacks economies of scale to compete with foreign producers. Also, it is constrained by the problems at Oltchim, caused in large part by the closure of the Arpechim refinery that fed it naphtha feedstock.

* BMI believes the petrochemicals market should be robust enough to lift output in 2015. As a net hydrocarbons importer, GDP growth is rising and the construction and automotive sectors are likely to strengthen, helping to offset the effects of a weak export sector.
* Weaker oil prices should help Romania's downstream sectors with refining margins improving as a result, reversing the situation of regular quarterly losses. This should help drive down the cost of naphtha feedstock used in the petrochemicals industry.
* Romania ranks 14th in BMI's Europe Petrochemicals Risk/Reward Index (RRI), scoring 44.9, up 0.2 points as a result of an...

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

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