Industry Analysis & Industry Trends
The Petrochemical Manufacturing industry has been volatile over the past five years, largely as a result of major fluctuations in input prices. Petrochemicals are the main input for this industry, and the collapse of global oil and gas prices in 2014 dragged down industry revenue significantly. In the five years to 2016, IBISWorld expects revenue to decrease as the price of petrochemicals declines further and reduces sales prices for industry products. In the five years to 2021, input price volatility will continue, particularly in the early part of the period. Overall, demand from key buying industries will grow steadily, which will support ongoing growth. Still, increased volatility will cause some downstream projects to be delayed and some establishments to be rationalized... purchase to read more
Industry Report - Industry Analysis Chapter
The Petrochemical Manufacturing industry takes refined petroleum and natural gas, in order to manufacture a range of petrochemicals such as benzene, butadiene/butane, butylene, cumene, ethane, ethylene, isobutene/isoprene, propylene and styrene which are used in wide variety of industrial applications and as inputs in the manufacture of further products. While industry performance is very sensitive to fluctuations in downstream demand, it is also very sensitive to large changes in the prices for industry inputs, namely refined petroleum and natural gas, because industry products are all derived from these two commodities.
Accordingly, the industry experienced its share of ups and downs over the past five years... purchase to read more