In recent years, drastic changes in the global petrochemical industry have been noticed.

Many new sources of feedstock have been discovered in various parts of the world. The availability of a large amount of feedstock will subsequently lead to the development of the petrochemical industry in those areas. The discovery of subsalt reserves in Brazil has significantly changed Brazil's petrochemical industry. The advantaged feedstock, both natural gas and naphtha, of the Middle East has led to its rise in the petrochemical industry worldwide. Saudi Arabia and Iran, two of the largest economies of the Middle East, have an enormous amount of planned petrochemical capacity coming online in the next five years. The high cost of crude oil has led Canada to look at the potential of its oil sands reserves. The discovery of shale gas reserves worldwide has changed the petrochemical industry completely. The US is the leader in shale gas technology; hence it is helping other countries like India and China in analyzing their shale gas potential. Poland has started its shale gas exploration, which, if successful, could alter the European petrochemical industry.
GBI's Research Report, "Top Ten Trends in the Petrochemical Industry in 2011" provides an in depth analysis on the trends prevailing in the Petrochemical Industry. The report discusses the worldwide petrochemical industry, emergence of Middle East and their production outlook , growth of Asia as a region and the increasing demand from the two most developing economies China and India. The report also contains an outlook on the downstream facilities gaining importance, the feedstock used and the major players operating in the industry. Overall, the report presents a comprehensive analysis of the petrochemical trends covering all the major parameters. Asia-Pacifics petrochemical companies are gradually proving to be more profitable than their American or European counterparts. Rapidly growing domestic demand, the availability of cheap labor and proximity to the oil-source countries of the Middle East have helped improve the profit margins of Asia-Pacific petrochemical producers. The export market of these petrochemical producers is also expanding rapidly. The Asia-Pacific petrochemical industry is witnessing rapid expansion in Asia-Pacific. In order to increase their global market share, the large petrochemical producers of the region are focusing on building capacity. Some producers are investing in new facilities while some are investing in capacity addition to existing facilities.

Petrochemicals
Coverage
BMI's Petrochemicals service provides unparalleled supply and demand analysis of global petrochemicals production. Our analysts constantly revise and update almost 50 country reports, providing key industry forecasts and competitive analysis on states accounting for almost 95% of global production of olefins, main polymers and aromatics.

Methodology
The service covers all key global developments influencing company strategy, as well as capacity and output projections for all key products, including olefins, polyolefins, polyvinyl chloride and polystyrene. At its heart are BMI's proprietary 5-year country forecasts. Given the close connections between the petrochemicals industry and the oil and gas industry, as well as broader global macroeconomic prospects, our analysis and forecasts are closely integrated with BMI's Country Risk, Financial Markets and Oil & Gas services.

Our data-led service is completed by our comprehensive analysis of market and regulatory trends and company activity, which include our portfolio of company profiles that detail the activity of all major petrochemicals producers in each state.

Expertise
BMI's expertise lies in the dynamic combination of industry and country risk. Our proprietary Petrochemicals forecasting model uses both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique 'bottom-up' model of country, regional and global industry output. Furthermore, our risk assessment draws directly on our team of expert country business analysts to ensure that our industry-specific conclusions cohere with our broader country view. Combined with our detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities and risks facing companies globally total analysis.