United Arab Emirates 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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United Arab Emirates Petrochemicals Report
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BMI View: The UAE petrochemicals industry will see strong growth in output in 2016 as it continues its massive capacity expansion, but in order to defend margins it will have to diversify markets away from the sluggish Chinese market. The increased utilisation of naphtha feedstock should enable the UAE to take advantage of lower crude prices, but it remains to be seen whether this will be enough to see off the massive amount of Iranian polymer set to flood the Asian market in the years ahead.

The Chemaweyaat's complex will come into operation in 2016, including an olefins plant, an aromatics complex and a range of downstream polymer and chemical units. The first part of the development, Tacaamol, will use heavy naphtha feed for aromatics units and a lighter naphtha feed for a 1.5mntpa mixed feed cracker. By 2016, BMI expects ethylene capacity of 5mntpa in the UAE, up from 2mntpa in 2013, with PE more than tripling to 3.52mntpa and PP rising by nearly 170% to 2.14mntpa over the period.

The availability of naphtha in the UAE is being boosted by refinery expansion at Ruwais, helping to retain the Emirati industry's competitive edge and enabling it to produce a wider range of products. The cheaper price of naphtha should also work to boost the sector on global markets. The 400,000 barrels per day (b/d) Ruwais refinery is undergoing an expansion which will boost total output to 417,000b/d.

  • As the Chinese market cools and the European economic recovery remains uncertain, the UAE will be looking to other emerging markets, particularly India which is set to see its automotive sector fuel a range of polymer and rubber imports.

  • In BMI's Middle Eastern Petrochemicals Risk/Reward Index matrix, the UAE has a score of 65.4 points, up 0.2 points due to progress on petrochemicals expansion. The score is supported by the increased use of lower cost naphtha, which should help support margins. The country retains its second place in the Middle East and Africa RRI table,...

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BMI Industry View
Operational Risk
Industry Forecast
Table: UAE's Petrochemicals Projects
Table: UAE's Petrochemicals Sector - Capacity, 2012-2020 ('000 tpa)
Macroeconomic Forecast
Economic Analysis
GDP By Expenditure
Table: UAE - Private Consumption Forecasts
Table: UAE - Government Consumption Forecasts
Table: UAE - Fixed investment Forecasts
Table: UAE - Net Exports Forecasts
Industry Risk/Reward Index
MEA Petrochemicals Risk/Reward Index
Table: MEA Petrochemicals Risk/Reward Index - Q1 2016
UAE Petrochemicals Risk/Reward Index
Market Overview
Table: The UAE's Petrochemicals Sector - Cracker Capacity, 2012-2019 ('000 tpa)
Industry Trends And Developments
Abu Dhabi
Dubai And The Northern Emirates
Overseas Investment
Developments In Related Industries
Table: Major UAE Oil And Gas Concessions
Company Profile
Abu Dhabi National Oil Company (ADNOC)
Abu Dhabi Polymers (Borouge)
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
Demographic Outlook
Table: Population Headline Indicators (United Arab Emirates 1990-2025)
Table: Key Population Ratios (United Arab Emirates 1990-2025)
Table: Urban/Rural Population & Life Expectancy (United Arab Emirates 1990-2025)
Table: Population By Age Group (United Arab Emirates 1990-2025)
Table: Population By Age Group % (United Arab Emirates 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 United Arab Emirates 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 United Arab Emirates Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Emirati 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 Emirati petrochemicals market.
  • Target business opportunities and risks in the Emirati petrochemicals sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in United Arab Emirates.
  • 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.