Feb 17 2011
Research and Markets has announced the addition of the "Germany Petrochemicals Report Q1 2011" report to their offering.
The Germany Petrochemical Report provides industry professionals and strategists, corporate analysts, petrochemical associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Germany's petrochemical industry.
The German petrochemicals industry will see a sharp moderation in growth in 2011 as sales suffer from the wave of fiscal austerity programmes seen around Europe, which have sustained growth since Q409, according to BMIs latest Germany Petrochemicals Report.
In Q310, production of chemicals soared by 10% year-on-year (y-o-y), driven by exports. However, output increased by just 0.5% compared to Q210. Capacity utilisation was 85%, which is typical of the normal 84-86% rate and well above the 77.9% reported at end-2009. Slower sequential production growth reflects stagnating demand in the domestic market. Prices also stagnated, increasing 0.6% quarter-on-quarter (q-o-q) and 4% y-o-y.
Nearly all plants were back in operation and BMI believes that the industry as a whole is operating at a comfortable profit margin with producers better able to pass on rising raw material costs to their customers. However, a higher base and the impact of fiscal austerity measures in Germany and across the EU will lead to lower rates of growth in H210. Verband der Chemischen Industrie (VCI, German chemical industry association) expects growth to remain slow during the rest of 2010 but it maintained its full-year output growth forecast for the German chemical industry at 11% due to the industry's strong performance in the first half, a rise from the 8.5% growth it forecast in mid-2010. This would offset most of the 10.0% decline in output in 2009 and return the German chemicals industry to close to pre-recession levels of output. It also implies y-o-y growth in H210 in the low single digits.
Key Topics Covered:
- Executive Summary
- SWOT Analysis
- Global Overview
- Petrochemicals Market Overview
- European Overview
- Germany Market Overview
- Industry Trends And Developments
- Industry Forecast Scenario
- Macroeconomic Outlook
- Company Monitor
- Glossary Of Terms
- Methodology
Companies Mentioned:
- BASF Aktiengesellschaft (BASF)
- BP Refining And Petrochemicals GmbH
- Lanxess AG