"Kuwait Petrochemicals Report Q2 2015" now available at Fast Market Research

While expansion of Kuwait's olefins and polyolefins capacities is ongoing, BMI's latest Kuwait Petrochemicals Report warms of possible delays at Olefins III could adversely affect the project as it would further diminish revenues that could have been generated had it become functional at an earlier date.

Adding value to Kuwaiti petrochemicals is essential to developing the production chain. Downstream diversification would ensure that the industry is buffered from the effects of increased competition in external markets. However, most of the current plans are focused on aromatics, olefins and polymers with little in the way of specialisation. This puts Kuwait in a vulnerable situation when competing in Asian markets where prices are facing downward pressure. On the upside, declining naphtha prices will diminish the cost gap between Kuwait - which is building a 1.4mn tpa naphtha cracker - and rival ethane-fed producers, particularly the US.

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* China and India will remain key markets for Kuwaiti petrochemicals, with their manufacturing industries playing a major role in exports and with the automotive industry likely to be a key player in absorbing Kuwait's product slate. While China is set for moderation in 2015, India is likely to surge ahead on the back of improved investor sentiment.
* The first phase of debottlenecking operations at Equate's polyethylene facilities put it on course for 175,000tpa increase in capacity in 2016. This will be followed in 2017 with Kuwait Petroleum Corporation's Olefins III project, which should see ethylene capacity grow 1.4mn tpa and polyethylene capacity rise by 975,000tpa to 3.1mn tpa and 1.8mn tpa respectively. Additionally, ethylene glycol is set to rise from 1mn tpa to at least 1.6mn tpa.
* Kuwait's petrochemicals rating is 59.7 points, down 0.4 points due to a deterioration in country risk scores. As a result, it has fallen from third to fifth place in our regional Risk/Reward Index for the Middle East and...

The Kuwait Petrochemicals Report has been researched at source, and features Business Monitor International (BMI)'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 Kuwait Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Kuwaiti 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 Kuwaiti petrochemicals market.

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