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Joint Ventures in the Petrochemical Industry - Key Strategy to Manage Globalization
GlobalData, Dec 2011, Pages: 63
Joint Ventures in the Petrochemical Industry - Key Strategy to Manage Globalization
Summary
GlobalData, the industry analysis specialist, has released its latest research, “Joint Ventures in the Petrochemical Industry - Key Strategy to Manage Globalization”. The study, which is an offering from the company’s Petrochemical Research Group, provides an in-depth analysis of the joint venture trends in the global petrochemical industry. It explains the reasons for increase in joint ventures in the Asia Pacific and Middle East region. The study provides detailed analysis of joint venture deals in the recent past. In addition, it gives details of major companies active in joint venture deals across the globe. It also provides the historic and future forecasts of basic petrochemicals and major plastics production in China and the Middle East, which are driving the growth of the global petrochemicals industry. The report highlights the importance of joint venture deals to manage globalization. The report is based upon data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s research team of industry experts.
The petrochemicals industry entered a transitional phase after the global economic slowdown in 2008-2009 severally affected the growth of the industry. After experiencing difficult times during the downturn, petrochemical producers are now focusing on attaining both economies of scale and geographic expansion to gain a competitive advantage. Producers are seeking to create a presence in demand-rich geographies and are diversifying their portfolios to achieve higher growth rates. This has led to an increase in the number of partnership between companies of different regions. Since European and North American producers are grappling with declining demand, they are setting up joint ventures with Asian or Middle Eastern companies to sustain their profit margin. In the recent past, the majority of joint venture deals have happened in the Middle East and Asia Pacific.
China has established itself as the largest petrochemicals market owing to impressive demand from its large population. The demand for basic petrochemicals and major plastics increased from 42.051 MMtpa in 2000, to 124.703 MMtpa in 2010, at a CAGR of 11.5%, and is expected to increase to 215.033 MMtpa in 2015, at a CAGR of 11.5%. The growing Chinese demand provides opportunities for producers from other regions to utilize this demand by setting up joint ventures with Chinese companies. The Middle East has also become an important destination for petrochemicals production. The Middle East governments provide subsidies on the feedstocks used for petrochemicals production which makes production significantly cheaper compared to other regions. This has made it difficult for producers in other regions to compete. To deal with this situation, companies from other regions are increasingly partnering with the Middle East companies to gain a cost advantage. Joint ventures in these two regions are expected to increase in the next five years as many of the planned projects in these regions are established under joint ventures.
Scope
The report provides in-depth analysis, market opportunities and challenges for manufacturers of petrochemicals, worldwide. It contains detailed information about the joint venture deals by region, joint venture detail for planned projects in Asia Pacific and the Middle East. Its scope includes -
- Effect of economic slowdown on the global petrochemical industry
- Production of basic petrochemicals and major plastics in key regions such as China and the Middle East
- Demand for basic petrochemicals and major plastics in China
- Demand and production split by regions
- Planned capacity addition under joint ventures in Asia Pacific and the Middle East
- Major joint venture deals in the global petrochemicals industry in the year 2010
- Major companies active in the joint venture deals
Reasons to buy
The report will enhance your decision making capability. It will allow you to -
- Understand the impact of the economic crisis on the global petrochemical industry, and how the increased demand from China has led to increase in the number of joint ventures in Asia Pacific
- Develop business strategies with the help of specific insights on joint venture deals in the global petrochemicals industry
- Identify opportunities in the Asian and Middle East petrochemical industry
- Identify prospective investment targets through a comprehensive update and discussion of new petrochemical projects and major trends in China.
- Increase future revenue and profitability with the help of insights on the future opportunities and critical success factors in the global petrochemical industry.
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