Monday, April 29, 2013

Southeast Asian Polyolefin Industry Key Market with Growing Demand and Capacity Additions

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.

Scope

- 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


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.

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.


Reasons to buy

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

Table of Content

1 Table of Contents 4
1.1 List of Tables 6
1.2 List of Figures 7
2 Introduction 8
2.1 Overview 8
2.2 GlobalData Report Guidance 9
3 The Southeast Asian Polyolefin Industry 10
3.1 The Southeast Asian Polyolefin Industry – Overview 10
3.2 Polypropylene and Polyethylene are the Most Consumed Polymers in the World 10
3.2.1 Polyethylene is the Most Consumed Polymer Resin in the World Due to Wide Variety of Applications 10
3.2.2 Polypropylene is the Second Most Consumed Polymer Resin, with the Largest Demand from the Packaging Sector 11
3.3 Southeast Asian Polyolefin Industry – Market Dynamics 11
3.3.1 Southeast Asia Polyethylene Industry – Demand Growing at a Fast Pace 11
3.3.2 Southeast Asia Polypropylene Industry – Plant Expansions Driving Production 14
3.4 Strong Demand in China Presents Growth Opportunities to Major Polyolefin Producers in Southeast Asia 16
4 Thailand Polyolefin Industry 18
4.1 Thailand Polyethylene Industry – Market Dynamics 18
4.1.1 Thailand Polyethylene Industry – Installed Capacity 18
4.1.2 Thailand Polyethylene Industry – Demand and Production Outlook 20
4.1.3 Thailand Polyethylene Industry – Trade Balance 22
4.2 Thailand Polypropylene Industry – Market Dynamics 25
4.2.1 Thailand Polypropylene Industry – Installed Capacity 25
4.2.2 Thailand Polypropylene Industry – Demand and Production Outlook 27
4.2.3 Thailand Polypropylene Industry – Trade Balance 29
4.3 Fast Growing Chinese and Other Southeast Asian Economies Provide Outlet for Polyolefin Exports 32
4.4 ASEAN Free Trade Agreement and China-ASEAN Free Trade Agreement to Increase Thailand’s Export Share 33
4.5 Investment in Map ta Phut Industrial Estate has become Difficult Due to Recent Protests and Tougher Environmental Laws 34
4.6 Political Instability Resulting in Declining Investor Sentiments 34
5 Indonesia Polyolefin Industry 35
5.1 Indonesia Polyethylene Industry – Market Dynamics 35
5.1.1 Indonesia Polyethylene Industry – Installed Capacity 35
5.1.2 Indonesia Polyethylene Industry – Demand and Production Outlook 37
5.1.3 Indonesia Polyethylene Industry – Trade Balance 39
5.2 Indonesia Polypropylene Industry – Market Dynamics 42
5.2.1 Indonesia Polypropylene Industry – Installed Capacity 42
5.2.2 Indonesia Polypropylene Industry – Demand and Production Outlook 44
5.2.3 Indonesia Polypropylene Industry – Trade Balance 46
5.3 Large Population to Drive Polyolefin Demand 49
5.4 Insufficient Capacity Restricting the Growth of the Polyolefin Industry 49
5.5 Underutilization of Plastic Packaging Capacity is Facilitating Imports of Finished Plastic Goods in Indonesia 49
6 Malaysia Polyolefin Industry 50
6.1 Malaysia Polyethylene Industry – Market Dynamics 50
6.1.1 Malaysia Polyethylene Industry – Installed Capacity 50
6.1.2 Malaysia Polyethylene Industry – Demand and Production Outlook 52
6.1.3 Malaysia Polyethylene Industry – Trade Balance 54
6.2 Malaysia Polypropylene Industry – Market Dynamics 57
6.2.1 Malaysia Polypropylene Industry – Installed Capacity 57
6.2.2 Malaysia Polypropylene Industry – Demand and Production Outlook 59
6.2.3 Malaysia Polypropylene Industry – Trade Balance 61
6.3 Strong Plastic Industry Led by the Packaging Sector to Drive Polyolefin Demand in Malaysia 64
6.4 Huge Oil and Gas Reserves Provide Abundant Feedstock for Olefin and Polyolefin Production 64
6.5 Foreign Participation will Facilitate the Expansion of the Malaysian Petrochemicals Industry 65
7 Singapore Polyolefin Industry 66
7.1 Singapore Polyethylene Industry – Market Dynamics 66
7.1.1 Singapore Polyethylene Industry – Installed Capacity 66
7.1.2 Singapore Polyethylene Industry – Demand and Production Outlook 68
7.1.3 Singapore Polyethylene Industry – Trade Balance 70
7.2 Singapore Polypropylene Industry – Market Dynamics 72
7.2.1 Singapore Polypropylene Industry – Installed Capacity 72
7.2.2 Singapore Polypropylene Industry – Demand and Production Outlook 74
7.2.3 Singapore Polypropylene Industry – Trade Balance 76
7.3 Increasing Plastic Consumption in Asia-Pacific Resulting in Higher Polyolefin Exports from Singapore 78
7.4 Singapore has the Best Maritime Facilities for Exporting Polyolefin 78
7.5 AFTA will Further Strengthen Singapore’s Position as a Gateway to Southeast Asia 78
8 Vietnam Polyolefin Industry 79
8.1 Vietnam Polyethylene Industry – Market Dynamics 79
8.1.1 Vietnam Polyethylene Industry – Installed Capacity 79
8.1.2 Vietnam Polyethylene Industry – Demand and Production Outlook 79
8.1.3 Vietnam Polyethylene Industry – Trade Balance 81
8.2 Vietnam Polypropylene Industry – Market Dynamics 84
8.2.1 Vietnam Polypropylene Industry – Installed Capacity 84
8.2.2 Vietnam Polypropylene Industry – Demand and Production Outlook 85
8.2.3 Vietnam Polypropylene Industry – Trade Balance 87
8.3 Vietnam Needs to Increase Polyolefin Production to Capitalize on Growing Plastics Industry 90
8.4 Duty Free Imports will Discourage Investment in the Domestic Polyolefin Industry 90
9 The Philippines Polyolefin Industry 91
9.1 The Philippines Polyethylene Industry – Market Dynamics 91
9.1.1 The Philippines Polyethylene Industry – Installed Capacity 91
9.1.2 The Philippines Polyethylene Industry – Demand and Production Outlook 93
9.1.3 The Philippines Polyethylene Industry – Trade Balance 95
9.2 The Philippines Polypropylene Industry – Market Dynamics 98
9.2.1 The Philippines Polypropylene Industry – Installed Capacity 98
9.2.2 The Philippines Polypropylene Industry – Demand and Production Outlook 100
9.2.3 The Philippines Polypropylene Industry – Trade Balance 102
9.3 Ban on Plastic Bags in the Philippines Can Severely Hurt the Polyolefin Industry 105
9.4 Planned Olefin Complex will Address Ethylene and Propylene Supply Shortage 105
10 Major Companies Active in the Southeast Asian Polyolefin Industry 106
10.1 The Siam Cement Group 106
10.1.1 Business Overview 106
10.1.2 Siam Cement Group – Polyolefin Capacity by Commodity 107
10.1.3 Siam Cement Group – Polyolefin Plant Details 109
10.1.4 Siam Cement Group – Polyolefin Capacity by Country 110
10.2 PTT Global Chemical Public Company Limited 111
10.2.1 Business Overview 111
10.2.2 PTT Global Chemical – Polyolefin Capacity by Country 112
10.2.3 PTT Global Chemical Global – Chemical Polyolefin Capacity 114
10.2.4 PTT Global Chemical – Polyolefin Capacity by Country 114
10.3 Honam Petrochemicals Corporation 115
10.3.1 Business Overview 115
10.3.2 Honam Petrochemical Corporation – Polyolefin Capacity by Commodity 116
10.3.3 Honam Petrochemical Corporation – Polyolefin Plants Details 118
10.3.4 Honam Petrochemical Corporation – Polyolefin Capacity by Country 119
11 Appendix 120
11.1 Abbreviations 120
11.2 Bibliography 120
11.3 Definitions 121
11.3.1 Installed Capacity 121
11.3.2 Process 121
11.3.3 Technology 121

For more details contact Mr. Priyank Tiwari: sales@rnrmarketresearch.com / +18883915441
Website: http://www.rnrmarketresearch.com