United Kingdom Petrochemicals Report - Business Monitor International - Industry Reports

United Kingdom Petrochemicals Report

United Kingdom Petrochemicals Report - Business Monitor International - Industry Reports
United Kingdom Petrochemicals Report
Published Aug 06, 2016
84 pages — Published Aug 06, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

BMI View: Brexit has cast considerable uncertainty over the British petrochemicals industry s future with the possibility of an end to European single market access and Scottish independence leading to likely capacity cuts. The sector is benefitting in the short term from a boost in external competitiveness as a result of the fall in the value of the pound. ...Scottish independence, which is a distinct likelihood as a result of Brexit, would also disconnect upstream and downstream facilities which rely on unimpeded supply lines between Scotland and the rest of the UK as well as between the UK and the EU. The most positive outcome would include a rapid agreement on UK access to the EU single market, which would help offset most of the negative effects of any future Scottish independence, and a strengthening of the price of naphtha, which would benefit the increasingly ethane-oriented British crackers. � With no plans announced of capacity closures and producers adopting a wait-and-see approach to Brexit, we have made no change to our five-year forecasts. ...� The UK scores --.- out of --- in BMI s Europe Petrochemicals Risk/Rewards Index, down -.- points as a result of a sharp ---point drop in its market risk as a result of the referendum result.

...Petrochemicals and chemicals comprise one of the largest manufacturing sectors in the UK, with sales accounting for around -- of the total value of all manufacturing, equivalent to -.- of GDP. The UK is the world s --th biggest producer of chemicals and pharmaceuticals with turnover at EUR--bn. ...The UK is the world s --th biggest producer of chemicals and pharmaceuticals with turnover at EUR--bn. To compete effectively, the chemicals and petrochemicals industry in the UK has taken steps to improve its performance by cutting costs, reducing waste and improving efficiency. Consequently, labour productivity exceeds that of many of its peers. ...To compete effectively, the chemicals and petrochemicals industry in the UK has taken steps to improve its performance by cutting costs, reducing waste and improving efficiency. Consequently, labour productivity exceeds that of many of its peers.

...There is little prospect of new plants being built in the refining sector, and although there are still long-term plans to increase capacity through the construction of a new refinery at Teesside, the risks to refining capacity remain primarily to the downside, as refiners across Europe are hit by narrow margins. The key problem facing the industry is high energy costs. ...

  
Source:
Document ID
1749-253X
Country
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "United Kingdom Petrochemicals Report" Aug 06, 2016. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/United-Kingdom-Petrochemicals-Report-2026-281>
  
APA:
Business Monitor International - Industry Reports. (2016). United Kingdom Petrochemicals Report Aug 06, 2016. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/United-Kingdom-Petrochemicals-Report-2026-281>
  
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