Germany Petrochemicals Report Q2 2015

Business Monitor International
April 1, 2015
73 Pages - SKU: BMI5478808
Countries covered: Germany

Germany Petrochemicals Report Q2 2015

The German petrochemicals market is set for a slowdown in growth in 2015 and the situation is likely to besustained over the medium term, ensuring that it is unable to generate the consumption levels manyEuropean producers were banking on for recovery, according to BMI's latest Germany PetrochemicalsReport.

In 2014, German chemicals output grew just 1.5%, with significant weakening in Q414. The industry'sdomestic sales fell 0.8%, marking a worse performance than the previous year. Clearly, the Germanchemicals and petrochemicals industries are not immune to the eurozone slowdown or the impact of theUkrainian crisis and related sanctions on Russia. These events have exacerbated growing structuralproblems within the German economy, which is further denting an already ailing investment picture for theGerman petrochemicals sector.



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