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

The main development facing Saudi petrochemicals is the decline in oil prices and their impact on profit margins and feedstock p rices. However, over the medium term , Saudi Arabia is likely to become better placed than some smaller ethane-orient at ed regional rivals as it develops mixed feed crackers and continues efforts to diversify and add value to the production chain. Its main competitor is likely to be Iran, as the international sanctions regime is eased.

Falling oil prices, caused in part by high Saudi crude output levels, have led to a decline in naphtha, prompting falling profit margins for Saudi's ethane-fed petrochemicals industry. Trends in the Asian markets have undermined the industry's performance and forced down profits of the country's largest petrochemicals producer, Sabic.

While Asian markets should improve in coming months, particularly in Southeast Asia, there are long-term challenges facing the industry. Domestically, there will be an increasing squeeze on feedstock due to growing competition with the power sector. Externally, Saudi producers will be faced with surging production from Iran, which is set for an easing in international sanctions.

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In order to sustain growth and bring cost pressures under control, Saudi Arabia needs further upstream expansion. The rise in gas extraction costs will increase the cost of production and undermine the industry's competitiveness against the new threat of shale-based US production. While no new commercially viable gas deposits have been discovered during the past few years, unconventional deposits will require more complex and expensive technologies.

The Saudi Arabia 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 Saudi Arabia Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Saudi 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 Saudi petrochemicals market.
* Target business opportunities and risks in the Saudi petrochemicals sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Saudi Arabia.
* Assess the activities, strategy and market position of your competitors, partners and clients

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