海合会国家中间体产能增势强劲

Core Insights - The Gulf Cooperation Council (GCC) countries' petrochemical industry is focusing on digital transformation, sustainable development, and enhancing downstream value through high-value product development [2] - The production capacity of petrochemical intermediates in the GCC is expected to expand significantly, with high-value chemicals projected to grow from a low base in selected niche areas [2] - Basic chemicals and agricultural chemicals remain the core output of the GCC, with the top ten products, including ethylene, urea, and ammonia, accounting for approximately 65% of the region's total capacity [2] Industry Trends - The GCC petrochemical companies are gradually extending downstream and shifting towards high-value products due to ongoing overcapacity issues with products like ethylene [2] - Currently, high-value and specialty chemicals account for less than 2% of the total capacity in the region, contributing only 8% to the industry's total revenue [2] - The GCC's strategy emphasizes economic resilience and scalability, leveraging low-cost raw materials to maintain a leading position in basic chemicals while expanding intermediate production to unlock downstream value [3] Market Dynamics - The GCC petrochemical sector is actively seeking growth through innovation, diversification, and strengthened trade cooperation in a complex global environment [3] - China and India are currently the main export destinations for GCC petrochemical products, accounting for 28% and 23% of exports, respectively, while Africa and Latin America are expected to become growth engines for non-Asian exports in the next five years [3]