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Kazakhstan & Uzbekistan Petrochemicals Report 2015
Russia's economic problems stemming from its trade war with the West are having a negative impact on the Central Asian petrochemicals market with Kazakhstan's imports dropping sharply in 2014. BMI's latest Kazakhstan and Uzbekistan Petrochemicals Report anticipates further falls in imports as both states prepare for a surge in capacity in 2016.
Both Kazakhstan and Uzbekistan will have sufficient production to cover domestic needs with a surplus likely to stimulate polymers conversion and boost exports. The Central Asian market is robust and growing fast, providing a sound basis for new petrochemicals capacities.
Most consumption will be focused on finished products with a lack of domestic plastics converters to fulfil demand. This could change as domestic petrochemicals capacities evolve, enabling local sourcing of cheap raw material for the manufacturing of end products.
Full Report Details at:
* The ongoing USD6bn modernisation of Kazakhstan's refining sector, combined with the construction of several smaller scale refineries, is expected to increase Kazakhstan's refining capacity by 14.7% to 2023.
* In 2016, Kazakhstan is set to complete construction of a major petrochemicals complex in the Atyrau region that is designed to produce 1mn tpa of ethylene, 500,000tpa propylene, 500,000tpa polypropylene (PP) 400,000tpa of low density polyethylene (LDPE) 400,000tpa of linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE).
* Uzbekistan should also begin operations in 2016 at an ethane cracker with capacity to produce 400,000tpa of ethylene as well as downstream units with capacity for 400,000tpa HDPE and 100,000tpa PP.
* In 2014, Central Asia's petrochemicals capacities include 240,000 tonnes per annum (tpa) ethylene, 125,000tpa polyethylene (PE) and 120,000tpa polypropylene (PP). These capacities are set to surge over the next five years as a result of planned developments in Uzbekistan and Kazakhstan. By 2019, Central Asia will have olefins capacities of 1.64mn tpa.
The Kazakhstan & Uzbekistan Petrochemicals Report has been researched at source, and features Business Monitor International (BMI)'s market assessment and independent forecasts for key petrochemicals sub-sectors. The report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing companies by products and services, sales, market share, investments, projects, partners and expansion strategies.
BMI's Kazakhstan & Uzbekistan Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Kazakhstani, Uzbekistani petrochemicals industry.
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