"Qatar Petrochemicals Report Q4 2015" is now available at Fast Market Research

Qatari petrochemicals production is threatened by reduced demand growth in key export markets and the surge in output from competitors in the Middle East, namely Iran and Saudi Arabia. While a modest recovery in naphtha prices has given a temporary reprieve for the country's ethane-fed petrochemicals industry, it is insufficient to prompt any revision to capacity forecasts.

A fall in naphtha price will enable Qatar's petrochemicals industry some room for reducing product prices at a time of rising supply and diminishing Asian demand growth. However, the country's drive towards diversification with a mixed feed petrochemicals complex has received setbacks in recent months with the cancellation of major projects. Current circumstances do not support a revival of shelved plans or any further capacity expansion beyond 2016.

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We note that Qatar's reliance on ethane feedstock has limited its petrochemicals industry to some extent, as the country does not produce the same range of by-products as competitors which rely on other feedstock. The US and China, for example, also rely on naphtha. Due to the lack of diversification, Qatar is likely to be sidelined in the special chemicals market. Although the government is seeking to redress the balance with mixed crackers, other industries are also capitalising on the increasing global demand, which will cause Qatar to be left behind.

Recent cancellations of the Al Sejeel and the Al Karaana petrochemicals projects due to low naphtha prices prompted a downward revision of our capacity forecast in recent quarters, removing 2.5mn tonnes per annum (tpa) ethylene, 170,000tpa propylene, 83,000tpa butadiene, 2.02mn tpa polyethylene (PE), 760,000tpa polypropylene (PP), 1.5mn tpa mono-ethylene glycol (MEG), 300,000tpa linear alpha olefin (LAO) and 250,000tpa oxo alcohols (OXO) capacity.

The Qatar 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 Qatar Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Qatari 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 Qatari petrochemicals market.
* Target business opportunities and risks in the Qatari petrochemicals sector

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