(MENAFNEditorial)
The outlook for the Indian petrochemicals industry has improved markedly in recent months due to a combination of President Modi's economic liberalisation market growth and the positive effect of falling naphtha prices on competitiveness according to BMI's latest India Petrochemicals Report. The scenario should boost opportunities for investment in new capacity as well as adding value through the production chain.
Q315 should see a surge in polymers capacities particularly in polyethylene (PE) which could put the market in surplus by the end of the year. India's polyethylene (PE) market is moving into self-sufficiency with a number of plants due to open in Q315; it is poised for a slight surplus in 2015 with new plants coming on-stream in coming months. Project completions include ONGC Petro-additions Ltd's (OPaL) two 360000 tonnes per annum (tpa) high density PE (HDPE)/linear low density PE (LLDPE) swing plants and a standalone HDPE plant with a capacity of 340000tpa at the Dahej Special Economic Zone in Gujarat. In addition there is Brahmaputra Cracker and Polymer Limited's 220000tpa HDPE/LLDPE swing facility and GAIL's 400000tpa PE plant at its Pata facility in Uttar Pradesh. The reopening of Haldia Petrochemicals Ltd's (HPL) West Bengal operations in Q115 will also boost PE and polypropylene (PP) output.
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The PET chain is also set to get a boost with ONGC due to bring its ONGC Mangalore Petrochemicals complex up to full production including 900000tpa of paraxylene (PX) as well as an associated 440000tpa PP plant. Meanwhile Indian Oil Company is due to complete a PET project with capacities of 600000tpa PX and 370000tpa purified terephthalic acid (PTA).
* In 2015/16 with GDP growth set to reach 7.6% up from 7.4% the petrochemicals market is set for strong growth. The government's pro-growth agenda and accommodative monetary policy by the central bank will broadly support strong petrochemicals demand over the coming quarters.
The India 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 India Petrochemicals Report provides industry professionals and strategists sector analysts trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Indian 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 Indian petrochemicals market.
* Target business opportunities and risks in the Indian petrochemicals sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in India.
* Assess the activities strategy and market position of your competitors partners and clients via our Company Profiles (inc. KPIs and latest activity).
Coverage
BMI Industry View
Summary of BMI’s key industry forecasts views and trend analysis covering the petrochemicals markets regulatory changes major investments projects and company developments.
Industry SWOT Analysis
Analysis of the major Strengths Weaknesses Opportunities and Threats within the petrochemicals sector and within the broader political economic and business environment.
BMI Industry Forecasts
Historic data series (2009-2013) and forecasts to end-2019 for key industry and economic indicators supported by explicit assumptions plus analysis of key risks to the main forecasts. Indicators include:
* Energy: Oil production (‘000 b/d) oil consumption (‘000 b/d) net oil exports (‘000 b/d) gas production (bcm) gas consumption (bcm) net gas exports (bcm) oil refinery capacity (‘000 b/d).
* Petrochemicals: Ethylene capacity (‘000 tpa) ethylene production (‘000 tpa) ethylene consumption (‘000 tpa) polyethylene capacity (‘000 tpa) polypropylene capacity (‘000 tpa) polyvinyl chloride capacity (‘000 tpa) polyolefins consumption (‘000 tpa).
* Oil Products Prices: Price forecasts for all major oil-based products (USD/bbl) at major global energy trading hubs.
* Economic: Nominal GDP (USDbn) real GDP growth (%) GDP per capita (USD) population (mn) unemployment (%) exchange rate (against USD).
BMI’s Petrochemicals Risk Reward Index
BMI’s Risk Reward Indices provide investors (both corporate and financial) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry economic and demographic data points to provide indices of highest to lowest appeal to investors with each position explained.
Market Overview
Structure size and value of the industry sector; overview of the industry landscape and key players; assessment of the business operating environment and the latest regulatory developments.
Industry Trends & Developments
Evaluation of company and sector-wide developments including key projects (as well as expansion plans) latest company financial details and proposed international ventures.
Company Profiles*
Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts our macroeconomic views and our understanding of the wider competitive landscape. The latest financial and operating statistics and key company developments are also incorporated within the company profiles enabling a full evaluation of recent company performance and future growth prospects.
Global & Regional Market Overview
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