The Southeast Asian Polyolefins Industry – Set to Emerge as a Key Market with Growing Demand and Capacity Additions

Published: April 2013
No. of Pages: 123
   

GlobalData, the industry analysis specialist, has released its latest research “The Southeast Asian Polyolefin Industry - Set to Emerge as a Key Market with Growing Demand and Capacity Additions”. The study comes from the company’s petrochemical research group and provides in-depth analysis of the Southeast Asian polyolefin industry, highlighting major features of the industry. The report gives the historic and forecast demand and production figures and also discusses the polyolefin trade scenario. Additionally, it provides major features of the polyolefin industries in Southeast Asia. The countries covered in the report are Thailand, Malaysia, Indonesia, Singapore, Vietnam and the Philippines. The report has been built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s research team of industry experts.

The Southeast Asian polyolefin industry has made its presence felt with growing demand for polyolefin in the region. Major countries in the region such as Thailand, Malaysia and Singapore are increasing their production capacities to satisfy strong demand. Countries such as Thailand and Singapore are also striving to increase their exports to China, which is the largest consumer and importer of polyolefin in the world. The recently concluded Association of Southeast Asian Nations (ASEAN) Free Trade Agreement will further enhance the polyolefin trade among the member nations. As the countries in the region are moving to expand their polyolefin capacity in line with the growing demand, the polyolefin industry will receive more growth opportunities.

Thailand’s polyolefin capacity has received a boost from plant expansions by several major companies, increasing the capacity from 3.18 Million Metric tons per annum (MMtpa) in 2008 to 5.97 MMtpa in 2011. Polyolefin capacity in Singapore and Indonesia is also likely to increase by 1.75 MMtpa and 1.65 MMtpa, respectively, by 2016. The increase in capacity is expected to make Singapore and Thailand more competitive in the export markets while countries such as Indonesia can reduce their imports dependency substantially.

Scope

The report provides in-depth analysis of the opportunities and challenges facing the Southeast Asian polyolefin industry. Its scope includes -

  • Historic and forecast polyolefin (polyethylene and polypropylene) production capacity in the major Southeast Asian countries (Thailand, Malaysia, Indonesia, Singapore, Vietnam and the Philippines)
  • Historic and forecast polyolefin demand and production in the major Southeast Asian countries
  • Polyolefins trade in the major Southeast Asian countries
  • Major features of the polyolefin industries in Southeast Asia
  • Polyolefin capacities of major companies active in Southeast Asia
  • Plant details of the major polyolefins producers in Southeast Asia

Reasons to buy

The report will enhance your decision-making capability by allowing you to -

  • Understand the polyolefin supply scenario in Southeast Asia
  • Develop market strategies with the help of specific insights into polyolefin demand in Southeast Asia
  • Identify opportunities in the Southeast Asian polyolefin industry with the help of specific insights into future investments in the region
  • Increase future revenues and profitability with the help of insights into future opportunities and critical success factors in the Southeast Asian polyolefin industry
  • Understand the current and likely future competitive scenario

The Southeast Asian Polyolefins Industry – Set to Emerge as a Key Market with Growing Demand and Capacity Additions

Table Of Contents

1 Table of Contents 4

1.1 List of Tables 6
1.2 List of Figures 7

2 Introduction 8
2.1 Overview 8
2.2 GlobalData Report Guidance 9

3 The Southeast Asian Polyolefin Industry 10
3.1 The Southeast Asian Polyolefin Industry – Overview 10
3.2 Polypropylene and Polyethylene are the Most Consumed Polymers in the World 10
3.2.1 Polyethylene is the Most Consumed Polymer Resin in the World Due to Wide Variety of Applications 10
3.2.2 Polypropylene is the Second Most Consumed Polymer Resin, with the Largest Demand from the Packaging Sector 11
3.3 Southeast Asian Polyolefin Industry – Market Dynamics 11
3.3.1 Southeast Asia Polyethylene Industry – Demand Growing at a Fast Pace 11
3.3.2 Southeast Asia Polypropylene Industry – Plant Expansions Driving Production 14
3.4 Strong Demand in China Presents Growth Opportunities to Major Polyolefin Producers in Southeast Asia 16

4 Thailand Polyolefin Industry 18
4.1 Thailand Polyethylene Industry – Market Dynamics 18
4.1.1 Thailand Polyethylene Industry – Installed Capacity 18
4.1.2 Thailand Polyethylene Industry – Demand and Production Outlook 20
4.1.3 Thailand Polyethylene Industry – Trade Balance 22
4.2 Thailand Polypropylene Industry – Market Dynamics 25
4.2.1 Thailand Polypropylene Industry – Installed Capacity 25
4.2.2 Thailand Polypropylene Industry – Demand and Production Outlook 27
4.2.3 Thailand Polypropylene Industry – Trade Balance 29
4.3 Fast Growing Chinese and Other Southeast Asian Economies Provide Outlet for Polyolefin Exports 32
4.4 ASEAN Free Trade Agreement and China-ASEAN Free Trade Agreement to Increase Thailand’s Export Share 33
4.5 Investment in Map ta Phut Industrial Estate has become Difficult Due to Recent Protests and Tougher Environmental Laws 34
4.6 Political Instability Resulting in Declining Investor Sentiments 34

5 Indonesia Polyolefin Industry 35
5.1 Indonesia Polyethylene Industry – Market Dynamics 35
5.1.1 Indonesia Polyethylene Industry – Installed Capacity 35
5.1.2 Indonesia Polyethylene Industry – Demand and Production Outlook 37
5.1.3 Indonesia Polyethylene Industry – Trade Balance 39
5.2 Indonesia Polypropylene Industry – Market Dynamics 42
5.2.1 Indonesia Polypropylene Industry – Installed Capacity 42
5.2.2 Indonesia Polypropylene Industry – Demand and Production Outlook 44
5.2.3 Indonesia Polypropylene Industry – Trade Balance 46
5.3 Large Population to Drive Polyolefin Demand 49
5.4 Insufficient Capacity Restricting the Growth of the Polyolefin Industry 49
5.5 Underutilization of Plastic Packaging Capacity is Facilitating Imports of Finished Plastic Goods in Indonesia 49

6 Malaysia Polyolefin Industry 50
6.1 Malaysia Polyethylene Industry – Market Dynamics 50
6.1.1 Malaysia Polyethylene Industry – Installed Capacity 50
6.1.2 Malaysia Polyethylene Industry – Demand and Production Outlook 52
6.1.3 Malaysia Polyethylene Industry – Trade Balance 54
6.2 Malaysia Polypropylene Industry – Market Dynamics 57
6.2.1 Malaysia Polypropylene Industry – Installed Capacity 57
6.2.2 Malaysia Polypropylene Industry – Demand and Production Outlook 59
6.2.3 Malaysia Polypropylene Industry – Trade Balance 61
6.3 Strong Plastic Industry Led by the Packaging Sector to Drive Polyolefin Demand in Malaysia 64
6.4 Huge Oil and Gas Reserves Provide Abundant Feedstock for Olefin and Polyolefin Production 64
6.5 Foreign Participation will Facilitate the Expansion of the Malaysian Petrochemicals Industry 65

7 Singapore Polyolefin Industry 66
7.1 Singapore Polyethylene Industry – Market Dynamics 66
7.1.1 Singapore Polyethylene Industry – Installed Capacity 66
7.1.2 Singapore Polyethylene Industry – Demand and Production Outlook 68
7.1.3 Singapore Polyethylene Industry – Trade Balance 70
7.2 Singapore Polypropylene Industry – Market Dynamics 72
7.2.1 Singapore Polypropylene Industry – Installed Capacity 72
7.2.2 Singapore Polypropylene Industry – Demand and Production Outlook 74
7.2.3 Singapore Polypropylene Industry – Trade Balance 76
7.3 Increasing Plastic Consumption in Asia-Pacific Resulting in Higher Polyolefin Exports from Singapore 78
7.4 Singapore has the Best Maritime Facilities for Exporting Polyolefin 78
7.5 AFTA will Further Strengthen Singapore’s Position as a Gateway to Southeast Asia 78

8 Vietnam Polyolefin Industry 79
8.1 Vietnam Polyethylene Industry – Market Dynamics 79
8.1.1 Vietnam Polyethylene Industry – Installed Capacity 79
8.1.2 Vietnam Polyethylene Industry – Demand and Production Outlook 79
8.1.3 Vietnam Polyethylene Industry – Trade Balance 81
8.2 Vietnam Polypropylene Industry – Market Dynamics 84
8.2.1 Vietnam Polypropylene Industry – Installed Capacity 84
8.2.2 Vietnam Polypropylene Industry – Demand and Production Outlook 85
8.2.3 Vietnam Polypropylene Industry – Trade Balance 87
8.3 Vietnam Needs to Increase Polyolefin Production to Capitalize on Growing Plastics Industry 90
8.4 Duty Free Imports will Discourage Investment in the Domestic Polyolefin Industry 90

9 The Philippines Polyolefin Industry 91
9.1 The Philippines Polyethylene Industry – Market Dynamics 91
9.1.1 The Philippines Polyethylene Industry – Installed Capacity 91
9.1.2 The Philippines Polyethylene Industry – Demand and Production Outlook 93
9.1.3 The Philippines Polyethylene Industry – Trade Balance 95
9.2 The Philippines Polypropylene Industry – Market Dynamics 98
9.2.1 The Philippines Polypropylene Industry – Installed Capacity 98
9.2.2 The Philippines Polypropylene Industry – Demand and Production Outlook 100
9.2.3 The Philippines Polypropylene Industry – Trade Balance 102
9.3 Ban on Plastic Bags in the Philippines Can Severely Hurt the Polyolefin Industry 105
9.4 Planned Olefin Complex will Address Ethylene and Propylene Supply Shortage 105

10 Major Companies Active in the Southeast Asian Polyolefin Industry 106
10.1 The Siam Cement Group 106
10.1.1 Business Overview 106
10.1.2 Siam Cement Group – Polyolefin Capacity by Commodity 107
10.1.3 Siam Cement Group – Polyolefin Plant Details 109
10.1.4 Siam Cement Group – Polyolefin Capacity by Country 110
10.2 PTT Global Chemical Public Company Limited 111
10.2.1 Business Overview 111
10.2.2 PTT Global Chemical – Polyolefin Capacity by Country 112
10.2.3 PTT Global Chemical Global – Chemical Polyolefin Capacity 114
10.2.4 PTT Global Chemical – Polyolefin Capacity by Country 114
10.3 Honam Petrochemicals Corporation 115
10.3.1 Business Overview 115
10.3.2 Honam Petrochemical Corporation – Polyolefin Capacity by Commodity 116
10.3.3 Honam Petrochemical Corporation – Polyolefin Plants Details 118
10.3.4 Honam Petrochemical Corporation – Polyolefin Capacity by Country 119

11 Appendix 120
11.1 Abbreviations 120
11.2 Bibliography 120
11.3 Definitions 121
11.3.1 Installed Capacity 121
11.3.2 Process 121
11.3.3 Technology 121
11.4 GlobalData’s Research Methodology 121
11.4.1 Coverage 121
11.4.2 Secondary Research 122
11.4.3 Primary Research 122
11.4.4 Expert Panel Validation 122
11.5 Contact Us 122
11.6 Disclaimer 123

List Of Tables

Table 1: Southeast Asia Polyethylene Industry, Demand and Production (MMtpa), 2000–2016 13
Table 2: Southeast Asia Polypropylene Industry, Demand and Production (MMtpa), 2000–2016 15
Table 3: Southeast Asia Polyolefin Industry, Exports to China (MMtpa), 2000–2011 17
Table 4: Polyethylene Industry, Thailand, Capacity (MMtpa), 2000–2016 19
Table 5: Polyethylene Industry, Thailand, Demand and Production (MMtpa), 2000–2016 21
Table 6: Polyethylene Industry, Thailand, Imports and Exports (MMtpa), 2000–2016 23
Table 7: Polyethylene Industry, Thailand, Exports by Region (%), 2011 24
Table 8: Polypropylene Industry, Thailand, Capacity (MMtpa), 2000–2016 26
Table 9: Polypropylene Industry, Thailand, Demand and Production (MMtpa), 2000–2016 28
Table 10: Polypropylene Industry, Thailand, Imports and Exports (MMtpa), 2000–2016 30
Table 11: Polypropylene Industry, Thailand, Exports by Region (%), 2011 31
Table 12: Polyolefin Industry, China, Demand (MMtpa), 2000–2016 33
Table 13: Polyethylene Industry, Indonesia, Capacity (MMtpa), 2000–2016 36
Table 14: Polyethylene Industry, Indonesia, Demand and Production (MMtpa), 2000–2016 38
Table 15: Polyethylene Industry, Indonesia, Imports and Exports (MMtpa), 2000–2016 40
Table 16: Polyethylene Industry, Indonesia, Imports Share by Region (%), 2011 41
Table 17: Polypropylene Industry, Indonesia, Capacity (MMtpa), 2000–2016 43
Table 18: Polypropylene Industry, Indonesia, Demand and Production (MMtpa), 2000–2016 45
Table 19: Polypropylene Industry, Indonesia, Imports and Exports (MMtpa), 2000–2016 47
Table 20: Polypropylene Industry, Indonesia, Imports Share by Region (%), 2011 48
Table 21: Polyethylene Industry, Malaysia, Capacity (MMtpa), 2000–2016 51
Table 22: Polyethylene Industry, Malaysia, Demand and Production (MMtpa), 2000–2016 53
Table 23: Polyethylene Industry, Malaysia, Imports and Exports (MMtpa), 2000–2016 55
Table 24: Polyethylene Industry, Malaysia, Imports Share by Region (%), 2011 56
Table 25: Polypropylene Industry, Malaysia, Capacity (MMtpa), 2000–2016 58
Table 26: Polypropylene Industry, Malaysia, Demand and Production (MMtpa), 2000–2016 60
Table 27: Polypropylene Industry, Malaysia, Imports and Exports (MMtpa), 2000–2016 62
Table 28: Polypropylene Industry, Malaysia, Imports Share by Region (%), 2011 63
Table 29: Plastic Product Industry, Malaysia, Number of Projects and Investment ($m), 2008–2012 65
Table 30: Polyethylene Industry, Singapore, Capacity (MMtpa), 2000–2016 67
Table 31: Polyethylene Industry, Singapore, Demand and Production (MMtpa), 2000–2016 69
Table 32: Polyethylene Industry, Singapore, Imports and Exports (MMtpa), 2000–2016 71
Table 33: Polypropylene Industry, Singapore, Capacity (MMtpa), 2000–2016 73
Table 34: Polypropylene Industry, Singapore, Demand and Production (MMtpa), 2000–2016 75
Table 35: Polypropylene Industry, Singapore, Imports and Exports (MMtpa), 2000–2016 77
Table 36: Polyethylene Industry, Vietnam, Demand (MMtpa), 2000–2016 80
Table 37: Polyethylene Industry, Vietnam, Imports and Exports (MMtpa), 2000–2016 82
Table 38: Polyethylene Industry, Vietnam, Imports by Region (%), 2010 83
Table 39: Polypropylene Industry, Vietnam, Capacity (MMtpa), 2010–2016 84
Table 40: Polypropylene Industry, Vietnam, Demand and Production (MMtpa), 2000–2016 86
Table 41: Polypropylene Industry, Vietnam, Imports and Exports (MMtpa), 2000–2016 88
Table 42: Polyethylene Industry, Vietnam, Imports by Region (%), 2010 89
Table 43: Polyethylene Industry, Philippines, Capacity (MMtpa), 2000–2016 92
Table 44: Polyethylene Industry, Philippines, Demand and Production (MMtpa), 2000–2016 94
Table 45: Polyethylene Industry, Philippines, Imports and Exports (ktpa), 2000–2016 96
Table 46: Polyethylene Industry, Philippines, Imports by Region (%), 2011 97
Table 47: Polypropylene Industry, Philippines, Capacity (MMtpa), 2000–2016 99
Table 48: Polypropylene Industry, Philippines, Demand and Production (MMtpa), 2000–2016 101
Table 49: Polypropylene Industry, Philippines, Imports and Exports (MMtpa), 2000–2016 103
Table 50: Polypropylene Industry, Philippines, Imports by Region (%), 2011 104
Table 51: The Siam Cement Group, Key Facts 106
Table 52: Siam Cement Group, Southeast Asia, Polyolefin Capacity by Commodity, 2000–2016 108
Table 53: Siam Cement Group, Southeast Asia, Active Polyolefin Plants Details, 2011 109
Table 54: Siam Cement Group, Southeast Asia, Polyolefin Capacity by Country, 2011 110
Table 55: PTT Global Chemical Public Company Limited, Key Facts 111
Table 56: PTT Global Chemical, Southeast Asia, Polyolefin Capacity by Commodity, 2000–2016 113
Table 57: PTT Global Chemical, Southeast Asia, Active Polyolefin Plants Details, 2011 114
Table 58: Honam Petrochemical Corporation, Key Facts 115
Table 59: Honam Petrochemical Corporation, Southeast Asia, Polyolefin Capacity by Commodity, 2000–2016 117
Table 60: Honam Petrochemical Corporation, Southeast Asia, Active Polyolefin Plants Details, 2011 118
Table 61: Honam Petrochemical Corporation, Southeast Asia, Polyolefin Capacity by Country, 2011 119

List Of Figures

Figure 1: Southeast Asia Polyethylene Industry, Demand and Production (MMtpa), 2000–2016 12
Figure 2: Southeast Asia Polypropylene Industry, Demand and Production (MMtpa), 2000–2016 14
Figure 3: Southeast Asia Polyolefin Industry, Exports to China (MMtpa), 2000–2011 16
Figure 4: Polyethylene Industry, Thailand, Capacity (MMtpa), 2000–2016 18
Figure 5: Polyethylene Industry, Thailand, Demand and Production (MMtpa), 2000–2016 20
Figure 6: Polyethylene Industry, Thailand, Imports and Exports (MMtpa), 2000–2016 22
Figure 7: Polyethylene Industry, Thailand, Exports by Region (%), 2011 24
Figure 8: Polypropylene Industry, Thailand, Capacity (MMtpa), 2000–2016 25
Figure 9: Polypropylene Industry, Thailand, Demand and Production (MMtpa), 2000–2016 27
Figure 10: Polypropylene Industry, Thailand, Imports and Exports (MMtpa), 2000–2016 29
Figure 11: Polypropylene Industry, Thailand, Exports by Region (%), 2011 31
Figure 12: Polyolefin Industry, China, Demand (MMtpa), 2000–2016 32
Figure 13: Polyethylene Industry, Indonesia, Capacity (MMtpa), 2000–2016 35
Figure 14: Polyethylene Industry, Indonesia, Demand and Production (MMtpa), 2000–2016 37
Figure 15: Polyethylene Industry, Indonesia, Imports and Exports (MMtpa), 2000–2016 39
Figure 16: Polyethylene Industry, Indonesia, Imports Share by Region (%), 2011 41
Figure 17: Polypropylene Industry, Indonesia, Capacity (MMtpa), 2000–2016 42
Figure 18: Polypropylene Industry, Indonesia, Demand and Production (MMtpa), 2000–2016 44
Figure 19: Polypropylene Industry, Indonesia, Imports and Exports (MMtpa), 2000–2016 46
Figure 20: Polypropylene Industry, Indonesia, Imports Share by Region (%), 2011 48
Figure 21: Polyethylene Industry, Malaysia, Capacity (MMtpa), 2000–2016 50
Figure 22: Polyethylene Industry, Malaysia, Demand and Production (MMtpa), 2000–2016 52
Figure 23: Polyethylene Industry, Malaysia, Imports and Exports (MMtpa), 2000–2016 54
Figure 24: Polyethylene Industry, Malaysia, Imports Share by Region (%), 2011 56
Figure 25: Polypropylene Industry, Malaysia, Capacity (MMtpa), 2000–2016 57
Figure 26: Polypropylene Industry, Malaysia, Demand and Production (MMtpa), 2000–2016 59
Figure 27: Polypropylene Industry, Malaysia, Imports and Exports (MMtpa), 2000–2016 61
Figure 28: Polypropylene Industry, Malaysia, Imports Share by Region (%), 2011 63
Figure 29: Plastic Product Industry, Malaysia, Domestic and Foreign Investment ($m), 2008–2012 65
Figure 30: Polyethylene Industry, Singapore, Capacity (MMtpa), 2000–2016 66
Figure 31: Polyethylene Industry, Singapore, Demand and Production (MMtpa), 2000–2016 68
Figure 32: Polyethylene Industry, Singapore, Imports and Exports (MMtpa), 2000–2016 70
Figure 33: Polypropylene Industry, Singapore, Capacity (MMtpa), 2000–2016 72
Figure 34: Polypropylene Industry, Singapore, Demand and Production (MMtpa), 2000–2016 74
Figure 35: Polypropylene Industry, Singapore, Imports and Exports (MMtpa), 2000–2016 76
Figure 36: Polyethylene Industry, Vietnam, Demand (MMtpa), 2000–2016 79
Figure 37: Polyethylene Industry, Vietnam, Imports and Exports (MMtpa), 2000–2016 81
Figure 38: Polyethylene Industry, Vietnam, Imports by Region (%), 2010 83
Figure 39: Polypropylene Industry, Vietnam, Capacity (MMtpa), 2010–2016 84
Figure 40: Polypropylene Industry, Vietnam, Demand and Production (MMtpa), 2000–2016 85
Figure 41: Polypropylene Industry, Vietnam, Imports and Exports (MMtpa), 2000–2016 87
Figure 42: Polypropylene Industry, Vietnam, Imports by Region (%), 2010 89
Figure 43: Polyethylene Industry, Philippines, Capacity (MMtpa), 2000–2016 91
Figure 44: Polyethylene Industry, Philippines, Demand and Production (MMtpa), 2000–2016 93
Figure 45: Polyethylene Industry, Philippines, Imports and Exports (ktpa), 2000–2016 95
Figure 46: Polyethylene Industry, Philippines, Imports by Region (%), 2011 97
Figure 47: Polypropylene Industry, Philippines, Capacity (MMtpa), 2000–2016 98
Figure 48: Polypropylene Industry, Philippines, Demand and Production (MMtpa), 2000–2016 100
Figure 49: Polypropylene Industry, Philippines, Imports and Exports (MMtpa), 2000–2016 102
Figure 50: Polypropylene Industry, Philippines, Imports by Region (%), 2011 104
Figure 51: Siam Cement Group, Southeast Asia, Polyolefin Capacity by Commodity, 2000–2016 107
Figure 52: Siam Cement Group, Southeast Asia, Polyolefin Capacity by Country, 2011 110
Figure 53: PTT Global Chemical, Southeast Asia, Polyolefin Capacity by Commodity, 2000–2016 112
Figure 54: Honam Petrochemical Corporation, Southeast Asia, Polyolefin Capacity by Commodity, 2000–2016 116
Figure 55: Honam Petrochemical Corporation, Southeast Asia, Polyolefin Capacity by Country, 2011 119

Published By: GlobalData
Product Code: GlobalData27436


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