Industry Analysis & Industry Trends
The Petrochemical Manufacturing industry has been volatile over the past five years. The industry enjoyed strong, though inconsistent, growth as the economic recovery took hold. Downstream customers, like the plastic and resin manufacturing industry, recovered quickly after the recession, stimulating demand for the industry's products. In the coming years, demand from key buying industries will grow steadily, which will support ongoing revenue growth. This will return the industry to a stable growth pattern... purchase to read more
Industry Report - Starting a New Business Chapter
The Petrochemical Manufacturing industry faces a number of barriers to entry, including the level of capital required. The industry is capital intensive, with hundreds of millions of dollars required to construct a complex that is globally competitive. For example, a world-class ethylene plant is estimated to cost over $1.0 billion to construct.
Given the heavy reliance on various feedstocks, such as natural gas liquids and petroleum, the ability to access a steady supply of competitively priced raw materials is essential. Many of the established players are part of integrated oil companies that operate in integrated oil refining and petrochemical complexes, a position that gives them a significant competitive edge over potential stand-alone newcomers... purchase to read more