Thailand Petrochemicals Report Q4 2017

BMI View: Thailand's petrochemical industry is aiming to add value to basic production of chemicals aftera rise in polymers and olefins capacities in recent years. Leading Thai petrochemicals producer PTTGlobal Chemical (PTTGC) is investing USD5bn from 2017-2022, at a rate of USD1bn per annum. It isaiming to achieve average annual growth of 5%-6% over 2012-2021 with projected revenue of THB800bnby 2022. It expects its sales will hit THB600bn in 2017. By 2022, revenue is projected to grow toTHB800bn. High-value-added polymers and specialty products are projected to contribute 20-25% of itstotal revenue in 2022, up sharply from just 10% in 2012. PTTGC plans to expand its markets to include theelectronics, electrical, automobile and building material sectors, in addition to its existing trade in thepackaging, textile and personal care sectors.

Ethylene output grew 5.5% y-o-y in the first seven months of 2017 following a 4.2% decline reported for2016. Growth was also reported in the PVC segment, which rose 2.0%. However, in most otherpetrochemicals products, there were significant declines with polyethylene (PE) down 7.5% andpolypropylene (PP) down 2.0% as well as a 3.3% decline in benzene output and a 4.2% decline inpropylene. As such, an imbalance has arisen within the supply chain, particularly with the growth inethylene and the decline in polyethylene.

BMI Industry View
Industry Forecast
Table: Thailand's Petrochemicals Sector (2014-2021)
Macroeconomic Forecasts
Economic Analysis
Industry Risk/Reward Index
Asia Petrochemicals Risk/Reward Index
Table: Asia Petrochemicals Risk/Reward Index Ranking
Thailand Petrochemicals Risk/Reward Index
Market Overview
Industry Trends And Developments
Company Profile
Indorama Ventures
Table: Indorama Financial Results (THBmn)
Integrated Refinery and Petrochemicals Company (IRPC)
Table: IRPC Financial results (THBmn)
PTT Global Chemical
Table: PTTGC Financial Results (THBmn)
Siam Cement Group (SCG)
Table: Siam Cement Group (THBmn)
Regional Overview
Asia Overview
Global Industry Overview
Demographic Forecast
Demographic Outlook
Table: Population Headline Indicators (Thailand 1990-2025)
Table: Key Population Ratios (Thailand 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Thailand 1990-2025)
Table: Population By Age Group (Thailand 1990-2025)
Table: Population By Age Group % (Thailand 1990-2025)
Table: Glossary Of Petrochemicals Terms
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Petrochemicals Risk/Reward Index Indicators
Table: Weighting Of Indicators

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