Czech Republic Petrochemicals Report Q3 2015 - New Market Report

From: Fast Market Research, Inc.
Published: Fri May 29 2015

The Czech Republic's petrochemicals industry will will remain a key driver of domestic demand for polymers. Although output slowed in Q115, sales were on an upward trend as a result of improved external competitiveness and BMI expects stronger performance in the rest of the year.

Q115's performance was lacklustre compared to an impressive 2014. In the first two months of 2015, chemicals output grew just 1.3% year-on-year (y-o-y), while rubber and plastic grew 3.5% y-o-y. While olefins margins dropped, polyolefins margins continued their improvement. The country's largest petrochemicals producer Unipetrol reported a 1% growth in sales with double-digit growth in polyethylene and polypropylene sales.

Going forward, the automotive and construction industries will remain key petrochemicals market segments. Construction is set to grow 3.7% while the automotive industry will grow 6.9%, providing a solid basis for growth in a wide range of petrochemicals products. However, growth remains contingent on the performance of external markets as the Czech industrial sector is export-oriented.

Full Report Details at

* Unipetrol is planning to increase its polyethylene (PE) capacity at its Litvinov site by replacing the ageing 120,000 tonnes per annum (tpa) high-density polyethylene (HDPE) unit with a 300,000tpa plant, thereby raising its total PE capacity from 320,000tpa to 500,000tpa in Q216.
* Unipetrol is also planning the closure of its 350,000tpa ammonia plant in Litvinov due to a lack of competitiveness and an increasingly limited market.
* In BMI's European Petrochemicals Risk/Reward Index, the Czech Republic scores 57.9 points out of a maximum of 100, up 0.2 points due to an improvement in its market risk score as a result of positive market trends. It retains its 10th position which it has held for the past year. BMI does not expect a significant change in its regional position over the medium term due to the limitations of both domestic capacity and local market potential.

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

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