Industry Analysis & Industry Trends
The Petrochemical Manufacturing industry faced significant volatility over the last five years, but the improving economy will pave the way for growth as downstream demand improves. Domestic operators will continue to face obstacles, as increased input costs affect prices and performance. However, heightened demand and continuing dependence on petrochemicals will benefit industry firms... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Petroleum Manufacturing industry is in the mature stage of its life cycle. Industry value added (IVA), which represents the industry's contribution to the overall economy, is expected to increase at an average annual rate of 9.6% from 2008 to 2018. Much of this is due to a 16.8% increase in IVA from 2008 to 2013, following low profit margins in 2008 and 2009. Moving forward however, IVA is expected to increase at an average annual annual rate of 2.8% from 2013 to 2018, which is slightly ahead of estimated GDP growth of 2.1% from 2008 to 2018.
The existence of clearly segmented product groups and user industries, is indicative of the industry's mature phase... purchase to read more