Just Published: "Chile Petrochemicals Report 2016"

From: Fast Market Research, Inc.
Published: Tue Feb 02 2016

The Chilean petrochemicals industry will remain a marginal, local player that will struggle to compete on the domestic market. In spite of renewed gas supply deals for the country's methanol sector, feedstock restraints will undermine production and investment and the Chilean market will be import-dependent over the medium-term.

In 2015, a second methanol plant was moved from Chile to the US as Methanex responded to the cuts in gas supply from Argentina. Existing production is being served from local gas fields, but is still subject to seasonal shutdowns during winter as gas is redirected to domestic heating. A gas supply deal was reached in September to ensure feedstock to the methanol industry until April 2006 at least.

Polymer production has never been sufficient to satisfy local demand and this pattern will continue over the forecast period, with imports increasingly important on the Chilean market. Other suppliers in the region are able to beat Chilean producers on price. A lack of external competitiveness also hampers Chile's ability to tap into the regional market. Competition for net buying markets such as Ecuador and Peru has intensified, because Brazilian and Colombian petrochemicals producers are lowering prices due to excess stocks at their disposal.

Full Report Details at
- http://www.fastmr.com/prod/1112356_chile_petrochemicals_report.aspx?afid=301

BMI has revised the following forecasts/views:

With low levels of hydrocarbons reserves, it is unlikely that Chile will ever regain its petrochemicals industry in the face of overwhelming competition and as such will become a highly competitive import-dependent emerging market.

Chile's manufacturing base is small and lack of domestic supplies will limit the activities of local plastics converters. As such, Chile will be a bigger importer of finished products than polymer resins.

The Chile 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 Chile Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Chilean 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 Chilean petrochemicals market.
* Target business opportunities and risks in the Chilean petrochemicals sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Chile.

About Fast Market Research

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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Contact Phone: 1-413-485-7001

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