New Report Available: United Kingdom Petrochemicals Report Q4 2015

Although the UK is witnessing a solid economic recovery, the country's plastic and rubber production stagnated in H115 even as overall chemicals production rose 5%. The British chemicals industry as a w hole is in transition to higher- value, lower - volume production, having closed many basic chemicals and polymers capacities in recent years. This should put the industry in good stead for profitability, although existing petrochemicals facilities will continue to feel the challenge of feedstock prices in competing with US and Middle Eastern rivals.

The latest production indices suggest that British chemicals grew by an average of 5% y-o-y in H115 while rubber and plastic output stagnated. The trends show that the petrochemicals portion of overall chemicals output has plateaued while speciality and value added production is performing strongly. This supports BMI's long-held view that the UK industry is abandoning high-volume petrochemicals products, which are struggling to compete with low-cost rivals in the US and the Middle East. Instead, research and development expenditure is pouring into diversification into high-end, niche markets.

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With no expectation of domestically available cheaper feedstock sources, petrochemicals capacities in the UK are likely to remain constant over the forecast period. Ethylene capacity will remain at 2.52mn tonnes per annum (tpa) and propylene capacity at 1.34mn tpa - with derivatives including 820,000tpa of polyethylene (PE), 495,000tpa polypropylene (PP), 255,000tpa polyvinyl chloride (PVC), 157,000tpa polyethylene terephthalate (PET) and 70,000tpa polystyrene (PS).

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

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