New market study, "Japan Petrochemicals Report 2016", has been published

Recently published research from Business Monitor International, "Japan Petrochemicals Report 2016", is now available at Fast Market Research

[USPRwire, Fri Dec 04 2015] Japanese ethylene production will never return to pre-recession levels due to a series of cracker closures and more likely over the next five years. However, this does not mean Japan's petrochemicals industry is dying - it is instead continuing its process of reform with shutdowns necessary to restructure the industry and it will need to reduce ethylene capacity by 1.7mn tonnes per annum (tpa) in order to address the looming national olefins surplus.

Petrochemicals crackers depend on naphtha for over 90% of their feedstock. With naphtha declining in cost since mid-2014, the industry has improved its competitiveness. The situation has been boosted further by the weaker yen, which improved sales on the local market even as the regional market was becoming more challenging. Nevertheless, plant closures have continued and more are likely in the years ahead as producers seek to focus more on adding value and improving margins, while reducing exposure to an over-supplied Asian market.

Full Report Details at

The process of consolidation and building alliances within the sector is complicated by the integration of cracker units with downstream production. The most vulnerable area for reduced capacity is low density polyethylene (LDPE), which is rapidly being replaced by other lighter weight and more versatile thermoplastics. In 2015, LDPE witnessed a sharp decline in output, while other polymers enjoyed respectable growth.

Going into 2016, Japan is set to witness lower petrochemicals volumes in some segments, both as a result of capacity reductions in olefins and aromatics as well as

The government has urged cuts in petrochemicals capacities even though planned cuts are taking ethylene capacity from around 8.76mn tpa in 2008 to 6.02mn tpa in 2016.

Asahi Kasei and Mitsubishi Chemical are consolidating their crackers at Chiba, reducing their total capacities from 1mn tpa to 570,000tpa from April 2016.

The Japan 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 Japan Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Japanese 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 Japanese petrochemicals market.

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