Turkey Petrochemicals Report Q2 2015

Business Monitor International
February 18, 2015
77 Pages - SKU: BMI5470853
Countries covered: Turkey

Turkey Petrochemicals Report Q2 2015

BMI View: The fundamentals of Turkey's petrochemicals market (a growing population, the privatisationdrive and a thriving role as an energy and transport hub) will keep the market on the watch list forinvestors, particularly in relation to opportunities in the polyvinyl chloride (PVC) and constructionpolymers market.

The country's largest petrochemicals producer, Petkim, expanded its ethylene and purified terephthalic acid(PTA) capacities increased by 80,000 tonnes per annum (tpa) and 70,000tpa respectively. This should boostproduction in 2015, following a subdued year in 2014 when chemical production grew by around 4% in2014 while plastic and rubber products rose 3.5%. The country should benefit from cheaper naphtha prices,although low consumption growth has caused a drop in product prices on the Turkish market.



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