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The Southeast Asian Polyolefin Industry - Set to Emerge as a Key Market with Growing Demand and Capacity Additions

SKU:GDCH009TR / 357835
Publication Date:22.04.2013
Language version:English
Format:PDF
Report Type:Zukunftsanalyse
Lieferzeit:2-3 Tage
Nr of pages:123 pages
Rating:Für diese Studie liegt keine Bewertung vor.
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The report provides in-depth analysis of the opportunities and challenges facing the Southeast Asian polyolefin industry. Its scope includes -
- Historic and forecast polyolefin (polyethylene and polypropylene) production capacity in the major Southeast Asian countries (Thailand, Malaysia, Indonesia, Singapore, Vietnam and the Philippines)
- Historic and forecast polyolefin demand and production in the major Southeast Asian countries
- Polyolefins trade in the major Southeast Asian countries
- Major features of the polyolefin industries in Southeast Asia
- Polyolefin capacities of major companies active in Southeast Asia
- Plant details of the major polyolefins producers in Southeast Asia


The report will enhance your decision-making capability by allowing you to -
- Understand the polyolefin supply scenario in Southeast Asia
- Develop market strategies with the help of specific insights into polyolefin demand in Southeast Asia
- Identify opportunities in the Southeast Asian polyolefin industry with the help of specific insights into future investments in the region
- Increase future revenues and profitability with the help of insights into future opportunities and critical success factors in the Southeast Asian polyolefin industry
- Understand the current and likely future competitive scenario

Content of the report

GlobalData, the industry analysis specialist, has released its latest research “The Southeast Asian Polyolefin Industry - Set to Emerge as a Key Market with Growing Demand and Capacity Additions”. The study comes from the company’s petrochemical research group and provides in-depth analysis of the Southeast Asian polyolefin industry, highlighting major features of the industry. The report gives the historic and forecast demand and production figures and also discusses the polyolefin trade scenario. Additionally, it provides major features of the polyolefin industries in Southeast Asia. The countries covered in the report are Thailand, Malaysia, Indonesia, Singapore, Vietnam and the Philippines. The report has been built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s research team of industry experts.

The Southeast Asian polyolefin industry has made its presence felt with growing demand for polyolefin in the region. Major countries in the region such as Thailand, Malaysia and Singapore are increasing their production capacities to satisfy strong demand. Countries such as Thailand and Singapore are also striving to increase their exports to China, which is the largest consumer and importer of polyolefin in the world. The recently concluded Association of Southeast Asian Nations (ASEAN) Free Trade Agreement will further enhance the polyolefin trade among the member nations. As the countries in the region are moving to expand their polyolefin capacity in line with the growing demand, the polyolefin industry will receive more growth opportunities.

Thailand’s polyolefin capacity has received a boost from plant expansions by several major companies, increasing the capacity from 3.18 Million Metric tons per annum (MMtpa) in 2008 to 5.97 MMtpa in 2011. Polyolefin capacity in Singapore and Indonesia is also likely to increase by 1.75 MMtpa and 1.65 MMtpa, respectively, by 2016. The increase in capacity is expected to make Singapore and Thailand more competitive in the export markets while countries such as Indonesia can reduce their imports dependency substantially.
 
Location Location Location: Why it pays to be a Plastics Producer in the Far East

China’s appetite for polyeolefins just keeps growing, and Thailand and Singapore are set to profit handsomely from their exports, according to new analysis by research and consulting firm GlobalData.

The new report* states that exports from Southeast Asian countries to China have increased threefold in the last decade, and anticipates that trade agreements present within Asia will promote further growth in plastics business.

Polyolefins are the most consumed polymers in the world, with polyethylene and polypropylene being two of the most common types, used in packaging, construction and automotive sectors, among others. A large portion of polyolefins produced in Southeast Asia is exported to the Chinese market, which is the largest importer and consumer of polyolefins in the world. China’s demand for polyolefins is expected to grow from 31.45 MMtpa in 2011 to 41.13 MMtpa by 2016 at a CAGR of 5.5%.

The Association of Southeast Asian Nations (ASEAN) places neighboring countries in an ideal position to trade among one another, as the ASEAN Free Trade Agreement (AFTA) allows trade between member countries with zero import duty. Singapore and Thailand are members of ASEAN, and China has entered into a China-ASEAN Free Trade Agreement (CAFTA) with a corresponding zero import duty regime, allowing these countries to conduct more economical trade.

Thailand is the biggest exporter of polyolefins to China, and also boasts the largest consumption and production of polyethylene and polypropylene in the Southeast Asian polyolefin industry. Large natural gas reserves in the Gulf of Thailand provide abundant feedstock, and the location of polyolefin plants in Rayong in the eastern seaboard provides close proximity to sea routes for transportation.

Closely following Thailand’s industry prowess, Singapore is gradually making its presence felt as a petrochemicals exporter. Singapore does not have a huge demand for polyolefins, but has become a major polyolefins exporter to other Asian countries, attracting exporting companies due to the nation’s ideal location and robust infrastructure for petrochemical exports. The country also acts as a global trans-shipment hub for Middle Eastern imports into Asia, making use of AFTA’s zero import duties.

Other Asian countries import their polymers too, giving Thailand and Singapore extra business. Indonesia is the second largest consumer of polyolefin resins in Southeast Asia, but depends on imports due to insufficient growth of domestic production capacity. Vietnam also lacks the production infrastructure to satisfy domestic demand for polyolefins, which has been growing continuously by more than 15% per annum over the last decade.

Polyethylene demand in Southeast Asia is expected to increase from 4.89 MMtpa in 2011 to 6.17 MMtpa by 2016, while production is expected to increase from 6.28 MMtpa to 9.29 MMtpa during the same period. Demand for polypropylene in the region is expected to increase from 3.63 MMtpa in 2011 to 4.67 MMtpa in 2016, and production is expected to improve substantially from 3.72 MMtpa to 6.18 MMtpa during this time period as a result of several new plants coming on-stream.

*The Southeast Asian Polyolefin Industry - Set to Emerge as a Key Market with Growing Demand and Capacity Additions

This report provides in-depth analysis of the Southeast Asian polyolefins industry, highlighting major features of the industry. It gives the historic and forecast demand and production figures and also discusses the polyolefins trade scenario. Additionally, it provides major features of the polyolefins industries in the Southeast Asia. The countries covered in the reports are Thailand, Malaysia, Indonesia, Singapore, Vietnam and Philippines.

This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData’s team of industry experts.