Kuwait Petrochemicals Q2 2018
BMI View: The Kuwaiti petrochemicals sector is on course for another surge in production capacity with Olefins III set for completion by 2020 and there is growing interest in establishing a fourth complex. By the end of our forecast period, total ethylene capacity will be up by over 80% to 3.1mn tpa with PE doubling to 2mn tpa, PP up 350% to 640,000tpa, EG up over 50% to 1.75mn tpa. While Kuwaiti petrochemicals facilities will be among the most competitive in the world, the overwhelming focus on basic petrochemicals puts the industry at the mercy of external market volatility at a time when China - a key export market - is becoming more self-sufficient and the US is ramping up exports. Further value added to Kuwaiti petrochemicals is essential to developing the production chain and ensuring that the industry is buffered from the effects of increased competition in external markets.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook