Just Published: "Belgium Petrochemicals Report 2016"

From: Fast Market Research, Inc.
Published: Mon Nov 30 2015

Belgium's export sector has traditionally been dominated by relatively low technology goods supplying downstream processors in Germany and elsewhere. However, increased investment throughout the value chain, particularly in products utilised by the automotive industry, will improve the external competitiveness of the petrochemicals sector. The Belgian petrochemicals industry has managed to buck the trend in Western Europe with a rise in capacities in some segments.

Chemicals output declined 0.4% y-o-y in the first eight months of 2015, putting the sector on course for a fourth year of recession. Meanwhile, rubber production rose just 0.8%, although this came after a robust performance in recent years. Plastic output grew 3.1%, a rate of growth was more than double the level achieved in 2014 and considerably better than previous years.

Full Report Details at
- http://www.fastmr.com/prod/1073360_belgium_petrochemicals_report.aspx?afid=301

Evonik's addition of 100,000tpa of butadiene capacity in Q215 has supported feedstock for C4-based products, particularly rubber used in the automotive tyre sector. Meanwhile, JBF Industries' new 432,000tpa bottle-grade polyethylene terephthalate (PET) plant at Geel, should utilise locally available PTA feedstock. It is feeding PET compounding facilities, which are seeing strong investment growth.

We revised down our forecast for Belgium's real GDP growth down from 1.5% to 1.3% in 2015. However, we expect a stronger performance in 2016 and 2017. Domestic demand will be the primary driver of economic growth with export growth falling off, posing a challenge to Belgium's export-orientated industrial sector.

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


BMI Industry View

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Egypt Petrochemicals Report Q1 2016
- Israel Petrochemicals Report Q1 2016
- United Arab Emirates Petrochemicals Report Q1 2016
- Bulgaria Petrochemicals Report 2016
- Kuwait Petrochemicals Report Q1 2016

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

Visit website »