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Primary Petrochemicals in the GCC: Styrene Market Tracker

  • April 2014
  • 31 pages
  • Frost & Sullivan
Report ID: 2115014

Summary

Table of Contents

The study provides market information on one of the largest petrochemical regions, which is important for understanding the global market from a strategic perspective. The study enlists key manufacturers and their production capacities for styrene in the GCC along with a brief market overview and projected capacity expansions. Trade statistics for 2012 and price trends from 2008 to 2012 have been provided with a detailed analysis. The study includes a brief commentary on the major applications globally, key insights and future growth prospects for styrene.


Key Findings

In the Gulf Cooperation Council (GCC) countries, only the Kingdom of Saudi Arabia (KSA) and Kuwait have capacities to produce styrene, with the KSA having the majority (nearly x %). The total production capacity of the region to produce styrene is x million metric tonnes per annum (MMTA).

The production of styrene is concentrated in the KSA, with SABIC as the regional leader. Kuwait Styrene Co. is the recent capacity addition in the GCC, which started its styrene monomer production in Q3 of 2009.

There are no new upcoming capacities or expansions for existing manufacturers announced for styrene in the GCC.

GCC is the net exporter of styrene, with China and India as the key trading partners.

One of the key application of styrene is in the production of polystyrene. At present, there are 2 polystyrene producers in the GCC—Arabian Petrochemical Company (Petrokemya) and Saudi Polymers Company (SPC).

Companies like Petrokemya, SABIC, and Shell are coming up with plans to produce various styrene downstream products, which is likely to drive the demand for styrene in the GCC.

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