13 September 2016
Visiongain’s new 199 page report Global Ethylene and Polyethylene Infrastructure Market 2016-2026 indicates that the Ethylene and Polyethylene market will see CAPEX of $18.22bn in 2016 on greenfield production plants.
The lead analyst of the report said: “There are a number of exciting ethylene and polyethylene prospects around the world in 2016, both under construction and prospective. The question is how this extra capacity will affect the global market. Traditional importers such as China and South-East Asia are increasing their domestic production and the US is set flood the market with products by 2022. The lifting of the sanctions in Iran may also lead to more global capacity, tightening the export market for the MENA region.”
The construction of ethylene and polyethylene production plants is a function of the development of the global petrochemicals industry. Investment in such infrastructure is dictated by unique supply and demand circumstances in different geographies, such as the US unconventional oil and gas boom and the demand for consumables in emerging economies in South-East Asia.
There has been high availability of ethylene and polyethylene over the past few years and this is now set to increase to the point where there will be a glut of ethylene in the global market. Although demand for the product is set to increase, production is increasing at a much higher pace. This is due to the shale revolution in the US resulting in the production of cheap ethane, allowing the US to increase their production capacity at a substantial pace.
Furthermore, Europe is also taking advantage of this US ethane surplus, importing the hydrocarbon and running their plants at full capacity. Finally, the Middle East are also investing to increase their output capacity in order to compete with both the US and Europe, and emerging countries in South East Asia are investing to meet domestic demand. All of these factors will play a large role in creating an ethylene glut by the end of the forecast period.”
The report contains 160 tables, charts and graphs that add visual analysis in order to explain developing trends within the ethylene and polyethylene market. Visiongain provides annual CAPEX forecasts and analysis for the period 2016-2026 for the global market, as well as a CAPEX and capacity forecast for 5 ethylene markets CAPEX forecasts for 5 polyethylene l markets (the United States, MENA, China, Russia and South-East Asia).
Detailed tables of all in operation, under construction and planned ethylene and polyethylene facilities are provided in the report, while a companies’ chapter provides detailed analysis and outlooks for the top 20 global petrochemicals companies and the top 10 global ethylene producing companies.
The Global Ethylene and Polyethylene Infrastructure Market 2016-2026 report will be of value to existing and potential stakeholders and investors in the petrochemicals industry. It will be useful for stakeholders already involved in the industry, or for those wishing to understand and appreciate the trajectory and state-of-play of an industry of growing importance to the global energy industry.
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