(MENAFNEditorial)
The Indonesian petrochemicals market will see robust growth throughout the next five years. However this quarter we have revised down our 2015 forecast for the automotive industry which is set for a contraction due to poor domestic sales and this will have an impact on a range of polymers and rubbers used in the sector according to BMI's latest Indonesia Petrochemicals report.
The automotive industry is set to shrink by 5% in 2015 as the domestic vehicle market which accounts for 90% of volume sold shrinks by a forecast 6.6%. However this will be offset by growth in construction. The petrochemicals industry will also be protected by a weak rupiah while lower naphtha feedstock prices should support the local industry from external competition.
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In the long term the outlook is positive. A burgeoning local market is supporting investment growth. Chandra Asri Petrochemical plans to start constructing a 120000 tonnes per annum (tpa) synthetic rubber plant worth IDR5.6trn (USD435mn) in early 2016. Meanwhile the company will increase the facility's existing ethylene production capacity by 43% from 600000tpa to 860000tpa by January 2016. In the fertiliser sector PT Pupuk Indonesia (PIHC) is expected to increase its total production capacity to 19mn tpa in 2019 from the current 12.9mn tpa according to reports in Q215.
* Thailand's PTT Global Chemical Plc (PTTGC) outlined USD4bn of investment at its joint venture (JV) with Pertimina in its capex programme for 2015-2019. Revised plans would raise the total cost to USD8bn with Pertamina raising the capacity of its oil refinery from 125000b/d to 360000b/d. This would supply more liquefied petroleum gas and naphtha for the planned 1mntpa cracker and eliminate import dependency. Other plants planned for the complex include capacities of 400000tpa of polyethylene 350000tpa of polypropylene and 200000tpa of polyvinyl chloride (PVC).
* By 2019 ethylene capacity is expected to rise by 1.38mn tpa thereby...
The Indonesia 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 Indonesia Petrochemicals Report provides industry professionals and strategists sector analysts trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Indonesian 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 Indonesian petrochemicals market.
* Target business opportunities and risks in the Indonesian petrochemicals sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in Indonesia.
* 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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