Turkey Petrochemicals Report Q3 2015 - New Market Report

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

The Turkish petrochemicals industry is set for stronger growth in 2015 and beyond as capacities expand and the local market grows, according to BMI's latest Turkey Petrochemicals Report. Key petrochemicals consuming sectors - the automotive and construction industries - are set for an improved outlook in the quarters ahead.

The growth of the Turkish petrochemicals industry will be influenced by both the large and growing domestic market as well as export-oriented industries. Turkey's construction and infrastructure sectors are set to maintain positive growth trajectories over our forecast period, thanks to continued investment in urban regeneration and the private sector successfully being leveraged into major infrastructure projects. Construction industry real growth will average 4.6% over our 10-year forecast period. Meanwhile, Turkey's automotive growth will rise to 5.8% in 2015 from 4.0% in 2014.

Full Report Details at
- http://www.fastmr.com/prod/1001194_turkey_petrochemicals_report.aspx?afid=301

* Turkish petrochemicals production is expanding to meet local demand, although the market will remain import-dependent. In Q115, production was ramped up at the expanded ethylene plant, which increased capacity from 520,000 tonnes per annum (tpa) to 600,000tpa and an increase in purified terephthalic acid (PTA) capacity from 70,000tpa to 105,000tpa. This should boost supply of feedstock to the production of polyester for a range of consumer uses. Turkey is well placed to capitalise on the fall in naphtha prices with its growing refinery sector, which BMI forecasts will grow from 564,500 barrels a day (b/d) to 778,500b/d over the next five years. This will be assisted by the progress on the STAR refinery, whose Azeri owner the State Oil Company of the Azerbaijan Republic has managed to secure project financing.
* By 2019, BMI forecasts capacities of 1,400,000tpa ethylene, 700,000tpa polyethylene (PE) 960,000tpa polypropylene (PP) 300,000tpa polyvinyl chloride (PVC) and 986,000tpa polyethylene terephthalate (PET).
* Turkey sits in 12th place in BMI's Europe...

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

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