Hungary Petrochemicals Q4 2019
Key View :
The Hungarian petrochemicals industry is likely to witness a plateau in output growth in olefins and polymers amidcapacity constraints and limitations in downstream demand, while production margins could be placed under pressure as oil pricerises have raised naphtha feedstock costs. Nevertheless, the Hungarian market should report stronger demand growth due toinvestment in expanded automotive facilities, as well as a slowing of the contraction in the construction sector. Hungary is seeing anongoing pipeline of investment through the petrochemicals value chain with efforts towards diversifying in order to maintain strongintegration with the highly competitive and growing car industry. The long-term outlook is therefore positive, with the sector servingboth domestic manufacturing as well as exports to other EU states.
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