The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: Naphtha costs will be crucial in the Israeli petrochemicals industry over the medium term. The
theoretical surplus between supply and demand in the global oil market will grow over the coming years,
precipitating a decline in the price of oil and a corresponding decline in naphtha feedstock costs. For
Israel's relatively small, naphtha-fed petrochemicals industry, this will be crucial to ongoing profitability.
In January-May 2016, the value of plastic and rubber output grew 9.7%, rebounding from a lacklustre year
in 2015 when it fell 0.4%. Chemicals saw growth of 11.2%, building on 1.6% growth in 2015. However,
much of this growth was due to rising product prices on the back of growth in feedstock costs. With
petrochemicals producers seeing margins squeezed in H116, strong headline figures appeared to hide a
market that is stagnating with potential for contraction in volumes.