Spain petrochemicals report Q3 2012
Thursday, Aug 09, 2012
Research and Markets (http://www.researchandmarkets.com/research/fhjb55/spain_petrochemica) has announced the addition of the "Spain Petrochemicals Report Q3 2012" report to their offering.
The Spain Petrochemicals Report provides industry professionals and strategists, corporate analysts, petrochemical associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Spain's petrochemicals industry.
The Spain Petrochemicals Report examines the short-term impact of the eurozone crisis on the domestic industry and also assesses the long-term structural changes to the global petrochemicals industry.
The report will look closely at the potential for growth in the Spanish polymer segment at a time when there is both heightened risk and low levels of consumer confidence, particularly as the domestic construction industry lurches from one crisis to the next. It also analyses whether Spain has the ability to compete against the growing number of integrated facilities in the Middle East and Asia, with its ageing units generally functioning at a far lower capacity than producers in these regions.
The outlook for the Spanish petrochemicals market has worsened considerably as the economic situation has deteriorated. Spending growth will remain negligible as the housing market continues to disintegrate, leading to a further contraction in PVC use. Additionally, packaging and consumer durables will be hit due to high unemployment, thereby depressing demand for all grades of polyethylene (PE) and polypropylene (PP).
There are, however, some bright spots. The downturn in the Spanish petrochemicals industry has prompted a wave of merger and acquisition (M&A) activity as some firms seek to limit their exposure, while others use the recession as an opportunity to consolidate and grow their market share. Some production capacity has also come back online.
Source: Business Wire