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Petrochemicals Industry in Thailand
Taiyou Research, Sep 2011, Pages: 70
The petrochemical industry in Thailand is ranked among the region’s top five and experiences an 8 to 12% annual growth rate and has recently gone through a period of consolidation. The petrochemical industry has been expanded due to the boosting of export growth as well as the domestic consumption. No longer import dependent, over the last 25 years, Thailand has become a net exporter in upstream petrochemical, polymer and plastic products, with the fast growing economy in China and ASEAN as its major outlets. The country has attracted global investments from blue chip corporations including Dow Chemical, ESSO, Mitsui Chemical, Mitsubishi Chemical, TPI, Siam Cement, and PTT to name a few.
Thailand is home to a strong downstream industrial sector, exporting more than 40% of major polymers to international markets. This impressive expansion is supported by significant growth in sectors such as automotives, packaging, electrical and electronics, construction and agriculture.
With all major corporations adopting the newest technologies available and enhancing their plants in every way possible, the scenario seems to be quite positive for the petrochemical industry to progress and develop further. It would be extremely important for the industry to sustain the developments made so far because this is one of the few sectors that seems to be picking up rather well in the country and could be a major contributor in enhancing the overall economy of the country in the future.
In this industry scenario, this report analyses the Petrochemicals Industry in Thailand. The report covers the following:
- An analysis of the global petrochemicals industry in the aftermath of the Japan earthquake and the nuclear disaster in Japan. We analyze the global petrochemicals industry in 2011 and an outlook for the industry.
- An analysis of the petrochemicals industry in Asia in order to establish the importance of the Thai petrochemicals industry in the region.
- An analysis of the petrochemical industry in Thailand including market profile, production statistics of petrochemicals, an analysis of the Thai olefins and aromatics sector, and trends in the industry.
- A SWOT analysis of the Thailand petrochemical industry is carried out.
- Major industry players analyzed include Indorama Polymers, Integrated Refinery and Petrochemicals Company, PTT Aromatics and Refining, PTT Chemical, PTT Plc, Shell Thailand, and Siam Cement/Cementhai Chemicals Company.
- An industry outlook completes this in-depth analysis of Thailand’s petrochemical industry.
This report on the Petrochemicals Industry in Thailand is a complete profile of this competitive industry in Thailand that is making its impact felt across Asia and the world.
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