BMI View: Brexit has cast considerable uncertainty over the British petrochemicals industry's future with
the possibility of an end to European single market access and Scottish independence leading to likely
capacity cuts. The sector is benefitting in the short term ..."
BMI View: The British chemicals industry as a whole is in transition to higher-value, lower-volume
production, having closed many basic chemicals and polymers capacities in recent years. This should put
the industry in good stead for profitability, although existing p ..."
Above-trend petrochemicals consumption at a time when plastic and rubber output is sluggish should boost
UK imports. The competitiveness of British petrochemicals production has been undermined by the lack of
locally available and competitively priced feedstock as wel ..."
BMI View: Above-trend growth is forecast for the British petrochemicals market, amid improved economic
performance. However, a strong pound and a lack of competitiveness mean that British plastic and rubber
output is down, thereby fuelling petrochemicals imports. ..."
BMI View: Although the UK is witnessing a solid economic recovery, the country's plastic and rubber
production stagnated in H115 even as overall chemicals production rose 5%. The British chemicals
industry as a whole is in transition to higher-value, lower-volume prod ..."
BMI View: The election of a new Conservative administration is likely to be more sympathetic to
petrochemicals industry leaders than the previous coalition government as it will not have the restraints of
a junior partner, according to BMI's latest UK Petrochemicals R ..."
BMI View: The British petrochemicals industry is set for another year of solid growth in 2015, but we warn
that margins could be placed under pressure over the medium term due to declining competitiveness.
Meanwhile, Ineos' threat to close the Grangemouth cracker has ..."
British rubber and plastic production saw a growth surge in 2014 and with the domestic market likely to be
buoyant in 2015 it is likely to hold up in the months ahead. However, BMI warns that the eurozone's woes
are not yet over and combined with ongoing austerity mea ..."
The British petrochemicals industry is emerging from recession in a leaner but fitter state that before,
according to BMI's latest UK Petrochemicals Report. Output looks increasingly robust as the domestic
industry picks up, with the country well positioned to capital ..."
BMI's latest UK Petrochemicals Report states that recent capacity closures will prevent any return to 2008
levels of production. Instead, the sector will focus on more high-value, low volume production, exploiting
niche markets where it has a global competitive edge. ..."