Iran Petrochemicals Report

Published 26 October 2015

Quarterly report providing expert analysis, independent forecasts and competitive intelligence on the petrochemicals.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, BMI's Petrochemicals Risk Reward Index, Economic Forecasts, Company Profiles and Global, Regional and Country Industry Overviews.

Why you should buy this report

  • Benefit from the latest market opportunities
  • Understand the threats to your operations and investments and protect your company against future risks
  • Gain insight on emerging trends that could support, strengthen or disrupt your activities in the market
  • Get a full view of the competitive landscape to assess your market position

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Iran Petrochemicals Report
Product Price

Iran is the focus of intensive interest from investors in the petrochemicals industry, particularly European majors, but there is still an element of risk-aversion in spite of the hype. Although the sanctions are due to be withdrawn, there is lingering uncertainty. Additionally, economic structural problems, a slowdown in key export markets and the falling price of naphtha feedstock are deterrents for involvement in the ethane-fed Iranian petrochemicals sector. However, potential rewards are high with considerable Iranian upstream resources and a large domestic market that investors cannot afford to ignore.

Planned projects would raise Iran's petrochemicals capacity three-fold to 180mn tonnes per annum (tpa) by 2022, although it is uncertain whether this target will be reached. BMI expects the next five years to see the completion of the Olefins 11 and 12 project, which will have capacities of 2.0mn tpa and 1.2mn tpa respectively. Meanwhile, the USD12bn petrochemical hub at Chabahar - the Makran Petrochemical Plan - will add 1.2mn tpa of ethylene and 900,000tpa of polyethylene (PE).

The industry will become rapidly more export-oriented as trade restrictions are lifted with the government expecting exports in 2016 to return to pre-sanctions levels, although it is doubtful that the country's share of the Middle East petrochemicals market will rise from 25% to 41% by 2020. This should help raise petrochemicals capacity utilisation from 68% in 2014.

  • Iran is set to see strong growth in petrochemical consuming sectors with the automotive industry returning to near its pre-sanctions peak in 2015 and set to grow by two-thirds by 2020, while the construction sector is expected to see five year average growth rise from 3.1% per annum to 4.3% as a result of the lifting of international sanctions.

  • BMI has extended its five year petrochemicals capacity forecast to 2020 this quarter, which takes into account plans for a new complex in Chabahar that will be based around a...

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BMI Industry View
Operational Risk
Industry Forecast
Table: Iran's Petrochemicals Industry, 2011-2020 ('000 tpa, Unless Otherwise Stated)
Macroeconomic Forecasts
Economy To Grow Again On Sanctions Relief
Table: Economic Activity (Iran 2010-2019)
Table: GDP By Expenditure (Iran 2012-2019)
Industry Risk Reward Index
MEA Petrochemicals Risk/Reward Index
Table: MEA Petrochemicals Risk/Reward Index - Q1 2016
Iran Petrochemicals Risk/Reward Index
Market Overview
Table: Iran's Cracker Capacity, 2013-2019 ('000 tpa)
Industry Trends And Developments
Post-Sanctions Outlook
Upstream Developments
Current Plans
Company Profile
National Petrochemical Company
Regional Overview
Middle East And Africa Overview
Market Diversification Crucial To Growth
Tightening Ethane Supplies
Diversification Is The Long-Term Focus
Africa Falls Behind
Global Industry Overview
Feedstock Differentials: Respite for Europe
2016 Feedstock Outlook
Could US Gas Run out-
Market Outlook: Chinese Downturn
Long-term Outlook
Europe - Brent On Board For A Bumpy Ride
Demographic Forecast
Table: Population Headline Indicators (Iran 1990-2025)
Table: Key Population Ratios (Iran 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Iran 1990-2025)
Table: Population By Age Group (Iran 1990-2025)
Table: Population By Age Group % (Iran 1990-2025)
Table: Glossary Of Petrochemicals Terms
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Petrochemicals Risk/Reward Index Indicators
Table: Weighting Of Indicators

The Iran Petrochemicals Report has been researched at source, and features BMI Research's market assessment and independent forecasts for key petrochemicals sub-sectors. The report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing companies by products and services, sales, market share, investments, projects, partners and expansion strategies.

BMI's Iran Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Iranian petrochemicals industry.

Key Benefits

  • Benchmark BMI's independent petrochemicals industry forecasts to test other views - a key input for successful budgetary and planning in the Iranian petrochemicals market.
  • Target business opportunities and risks in the Iranian petrochemicals sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Iran.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).


BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis, covering the petrochemicals markets, regulatory changes, major investments, projects and company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the petrochemicals sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (2009-2013) and forecasts to end-2019 for key industry and economic indicators, supported by explicit assumptions, plus analysis of key risks to the main forecasts. Indicators include:

  • Energy: Oil production (‘000 b/d), oil consumption (‘000 b/d), net oil exports (‘000 b/d), gas production (bcm), gas consumption (bcm), net gas exports (bcm), oil refinery capacity (‘000 b/d).
  • Petrochemicals: Ethylene capacity (‘000 tpa), ethylene production (‘000 tpa), ethylene consumption (‘000 tpa), polyethylene capacity (‘000 tpa), polypropylene capacity (‘000 tpa), polyvinyl chloride capacity (‘000 tpa), polyolefins consumption (‘000 tpa).
  • Oil Products Prices: Price forecasts for all major oil-based products (USD/bbl) at major global energy trading hubs.
  • Economic: Nominal GDP (USDbn), real GDP growth (%), GDP per capita (USD), population (mn), unemployment (%), exchange rate (against USD).

BMI’s Petrochemicals Risk Reward Index

BMI’s Risk Reward Indices provide investors (both corporate and financial) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

Structure, size and value of the industry sector; overview of the industry landscape and key players; assessment of the business operating environment and the latest regulatory developments.

Industry Trends & Developments

Evaluation of company and sector-wide developments, including key projects (as well as expansion plans), latest company financial details and proposed international ventures.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Global & Regional Market Overview

Analysis of the key trends driving the global industry, including worldwide output/capacity and demand analysis across ethylene, polyethylene, polyvinyl chloride, polystyrene, polyethylene terephthalate and polypropylene. The regional analysis looks at the implications of local and global trends on specific company activity.

Sub-sectors covered by the Petrochemicals Reports include:

Oil & Gas, Oil Refining, Olefins (ethylene, propylene), Polyolefins (polyethylene, polypropylene), Polyvinyl Chloride, Polystyrene

Please note – not all country Reports cover all sub-sectors – see website for details.


The Petrochemicals Market Reports are based on a network of primary sources, such as multilateral organisations (ACC, APLA, Cefi c, ICCA, ICMA), national chambers of commerce and industry, national statistical offi ces, government ministries and central banks, and multinational companies.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.