"Philippines Petrochemicals Report Q4 2015" Published

From: Fast Market Research, Inc.
Published: Tue Sep 29 2015

There were mixed results in the Philippines petrochemicals industry with plastic output continuing to contract. Problems associated with the start-up of new plants have not helped matters, but BMI's latest Philippines Petrochemicals Report envisages strengthening performance in 2015 as JG Summit Petrochemicals Corporation (JGSPC) ramps up capacity utilisation at its new cracker complex and economic prospects improve.

In Q115, the value of production index (VaPI) for chemicals and rubber improved following a poor performance in 2014 with growth of 41.7% and 12.8% year-on-year (y-o-y). However, plastic fell by an average of 6.8% y-o-y in Q115. Production was lower than expected due to problems bringing into operation JGSPC's complex with 320,000tpa ethylene and 190,000tpa propylene. Operations were temporarily halted in mid-June 2014 when the facility broke down leading to a big fire. The company was on the third phase of its plant commissioning when the accident occurred.

Full Report Details at
- http://www.fastmr.com/prod/1052968_philippines_petrochemicals.aspx?afid=302

The outlook for 2015 is more positive with the JGSPC complex set to ramp up production and the local market expected to see stronger growth. Both domestic consumption and export of manufactured goods, as well as a rise in construction materials should spur demand for polymer products. In the long term, the development of the automotive supply industry could boost demand for a wide range of polymers and synthetic rubbers, potentially laying the basis for investment in new capacity.

There is potential to double JGSPC's capacity in the future, but this depends on both access to competitive feedstock supplies and a recovery in regional and global demand.

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

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:

- Germany Petrochemicals Report Q4 2015
- China Petrochemicals Report Q4 2015
- Algeria Petrochemicals Report Q4 2015
- Hungary Petrochemicals Report Q4 2015
- South Africa Petrochemicals Report Q4 2015

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

Visit website »