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Follow on Google News | New market study, "Brazil Petrochemicals Report Q3 2010", has been publishedNew Energy market report from Business Monitor International: "Brazil Petrochemicals Report Q3 2010"
There are also long-term commitments to infrastructural spending that should ensure that petrochemicals segments tied to construction, particularly PVC, grow at a sustained rate above that of economic growth. In February 2010, Banco do Brasil stated that BRL160bn (US$85bn) in financing would be required over the decade for infrastructure projects. This is being driven by investment in preparation for the 2014 FIFA World Cup and the 2016 Olympic Games. Alongside these events are the government's plans in general to boost infrastructure, through the Programa de Aceleracao do Crescimento (PAC). The initial PAC is in its last year, however, the current President, Luiz Inacio Lula da Silva, is working on a new PAC - PAC II, to take over in 2011 and run to 2014. These programmes will be more than enough to support the domestic petrochemicals industry and could also boost Brazilian petrochemicals imports. Another important petrochemicals market, the automotive industry, is also set to grow rapidly over the next five years, due in large part to surging domestic demand. Carmakers are set to invest US$11.2bn in Brazil over the next two years, according to estimates from the National Association of Motor Vehicle Manufacturers (Anfavea). In H110, car production surged in line with the expansion of the domestic market, securing optimism in the sector that should spill over into the plastics industry. The same consumer trends that are fuelling growth in the automotive sector are also evident in packaging and household goods production, which endured a poor performance in 2009. Other factors that will boost the Brazilian petrochemicals industry are the decline in US supply and the depreciation of the Brazilian real, which has bolstered competitiveness. These have helped reduce the proportion of imports on the domestic market. On the downside, with inflationary forces emerging in the Brazilian economy, interest rates are being raised and could dampen demand growth in the domestic market. Brazil is likely to end 2010 with the Selic rate at 11.75%, up 300 basis points since the beginning of the year. Yet, the monetary tightening is unlikely to lead to a market contraction or lower run rates in the petrochemicals industry. Investments in the production of industrial chemicals in Brazil are expected to total at least US$26bn in 2010-2014. Rio de Janeiro state will receive the highest amount, with US$9.17bn, most of which will go to the Comperj petrochemical complex. In Minas General, projects will total US$3.53bn, in Sao Paulo US$3.14bn, in Bahia US$1.54bn and in Pernambuco US$1.23bn. Under Associacao Brasileira da Industria Quimica's (Abiquim, Brazilian Chemicals Industry Association) Brazil is placed third in BMI's Americas Petrochemicals Business Environment Rankings with a composite score of 64.8 points, up 0.6 points due to improved country risk scores. While it has a relatively large petrochemicals industry, Brazil's score is weighed down by a higher level of risk than most other countries in the region, with its long-term financial market risk a notable cause of concern. Brazil's only chance to climb the rankings and overtake Canada is if the latter reduces its capacities, which is a distinct possibility as the Canadian petrochemicals industry struggles to compete in the global market and the US market remains in the doldrums. For more information or to purchase this report, go to: - http://www.fastmr.com/ Partial Table of Contents: Executive Summary SWOT Analysis - Brazil Petrochemicals Industry SWOT - Brazil Political SWOT - Brazil Economic SWOT - Brazil Business Environment SWOT Global Overview - Petrochemicals Market Overview - Table: World Ethylene Production By Country, 2009 And 2014 ('000 tonnes capacity) - Global Oil Products Price Outlook - Table: Oil Product Price Assumptions, Q409-Q410 (US$/bbl) - Table: Oil Product Price Data And Forecasts, 2007-2014 (US$/bbl) Latin America Overview - Table: Planned Polyolefins Projects In Latin America Brazil Market Overview - Sector Performance - Regulation Industry Trends And Developments - Mergers And Acquisitions - Projects And Expansions - Foreign Ventures Business Environment - Petrochemicals Business Environment - Table: Americas Petrochemicals Business Environment Ratings - Brazil's Legal Framework - Corruption Industry Forecast Scenario - Table: Brazil's Petrochemicals Sector, 2007-2014 ('000 tpa, unless otherwise stated) - Macroeconomic Outlook - Table: Brazil - Economic Activity, 2007-2014 - & Forecasts Company Monitor - Braskem - Dow Quimica - Politeno - Rio Polimeros - Ultrapar Country Snapshot: Brazil Demographic Data - Section 1: Population - Table: Demographic Indicators, 2005-2030 - Table: Rural/Urban Breakdown, 2005-2030 - Section 2: Education And Healthcare - Table: Education, 2000-2003 - Table: Vital Statistics, 2005-2030 - Section 3: Labour Market And Spending Power - Table: Employment Indicators, 1999-2004 - Table: Consumer Expenditure, 2000-2012 (US$) - Table: Average Annual Wages, 1996-2002 BMI Methodology - How We Generate Our Industry Forecasts - Full Table of Contents is available at: -- http://www.fastmr.com/ About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. End
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