Petrochemical Business

Published - Oct 2002| Analyst - Maung Maung| Code - CHM038A
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Report Highlights

  • The total petrochemical demand in the Asia-Pacific region is estimated at 67.5 million tons. Rising at an average annual growth rate (AAGR) of 6.1%, demand will reach 85.4 million tons by 2006.
  • Ethylene demand is highest at 33.1 millon tons and rising fastest at an AAGR of 7.1%. Demand in 2006 will reach 43.5 million tons.
  • Propylene demand will rise at an AAGR of 5.8% to 28.9 million tons in 2006 while benzene demand will grow at an AAGR of only 3.6% to 13 million tons.
  • Total ethylene capacity in the Asia-Pacific region stands at 27.5 million tons per year, but new ethylene facilities being developed will add 9.4 million tons of capacity by 2006.
  • China and India remain strong markets for regional petrochemical product exporters.


The petrochemical industry sector has been one of the most dynamic sectors of the Asia-Pacific region from the perspective of market potentials for products and in terms of investments that are being made in the countries of the region. One after another, major petrochemical industry projects that were suspended due to the Asian financial crisis have resumed implementation, and new projects are being identified given the natural resources of the region.


The present study aims to identify opportunities for foreign direct investors to cooperate in the development of Asia-Pacific petrochemicals industry projects. It also seeks to identify the market potentials in the region for petrochemical products - markets in which traders, both regionally and worldwide, might have interests.


The Asia-Pacific region is endowed with huge petroleum resources, both oil and gas, which provide the basis for developing oil- and gas-based petrochemicals industries. These present resources and prospects for the future have to be kept in perspective when planning the petrochemicals sector. The world-scale petrochemicals projects emerging in this region and the markets they are targeting need to be reviewed in order gain a proper perspective of the Asia-Pacific sector.


The petrochemicals sector of the following countries will be extensively reviewed. Oil and gas resource potentials will be covered, as well as the present industry status in each country, their future plans, emerging projects, regulations related to foreign investment, and markets for petrochemical products. The countries covered in this report include:

  • Brunei
  • People's Republic
    of China
  • India
  • Indonesia
  • Japan
  • South Korea
  • Malaysia
  • Taiwan
  • Thailand
  • Singapore
  • Vietnam
  • Australia
  • New Zealand


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