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: The performance of Qatar's petrochemicals industry picked up in Q216 on the back of rising
polyethylene export volumes, improved prices and a rise in the ethane-naphtha spread. However, this
should not be seen as indicative of a trend as risks are posed by the expected slump in Chinese and
European imports. Some segments, particularly fertiliser, are also seeing value decline even though Qatar
has increased fertiliser export volumes. Based on our core scenario, we do not envisage a revival of the
various plans for new world-scale plants that have been shelved in recent years.
Trends in the Asian market are of significance to the industry, as China and India represent the first and
second largest export markets for Qatari polyethylene (PE). There has been a decline in Qatari
petrochemicals imports in both markets, and there have been no signs this quarter to indicate that the trend
is being reversed. The prospects for the industry will therefore be determined primarily by trends in the
volatile and uncertain European markets.