Malaysia Petrochemicals Report 2016 - New Market Research Report

From: Fast Market Research, Inc.
Published: Sat Dec 05 2015

The Malaysian petrochemicals sector is seeing dynamic growth, with the government having stated its intention to become a leading petrochemicals hub in Asia. However, the country will require an increase in raw material imports as domestic resources are in decline.

There is evidence to suggest that Malaysia has been moving up the value chain, with exports of petroleum products (including petrochemicals) increasing from 12.0mn tonnes in 2010 to 22.4mn tonnes in 2014. We believe this will continue over the coming years, with the start-up of the Refinery and Petrochemical Integrated Development (RAPID) project further propelling this trend.

The USD16bn RAPID project in Johor is due to start in 2019. It will include a 300,000 barrels per day refinery and several downstream petrochemicals plants with the total capacity of 7.7mn tonnes per annum (tpa). The complex is the largest single investment in Malaysia and aims to develop a speciality chemicals sector. The petrochemicals complex will be based on a naphtha cracker with 1.1mn tpa of ethylene capacity.

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RAPID is stimulating activity further down the supply chain. Other major plans include the BASF Petronas Chemical s joint venture, which is adding value to basic chemicals output from the RAPID complex. It is starting with a 50,000tpa highly reactive polyisobutene in 2017, and will move into other propylene and butadiene derivatives by 2019.

The Malaysian automotive industry is being positioned as an alternative production hub to Thailand and Indonesia in the region, with forecast output to grow at an annual average of 4.1% over 2016-2019 and eventually hit over 716,000 units by 2019. This trend should fuel growth in engineering plastics and rubbers supplied to the automotive parts segment, which is also set for strong growth.

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

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