LONDON, October 28, 2015 /PRNewswire/ --

ICIS, a trusted source of global petrochemical market intelligence, has released the 2015 version of the World Petrochemical Industry Aromatics Annual Study.  

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Global demand growth for benzene and paraxylene mean that the overall outlook for aromatics is positive for the coming years. However, the ride will be anything but smooth for industry players. Evolving market dynamics, such as the declining importance of styrene and tightening paraxylene margins, make robust strategy planning vital - especially as fragile global conditions persist.

The World Petrochemical Industry Aromatics Annual Study takes a close look at this rapidly changing industry. Using data from the ICIS Supply and Demand Database, the study analyses recent global developments, and the direction of key commodities, derivatives and regions. This must-have resource provides essential insights into global aromatics, to help you understand the evolving market situation, and accurately plan ahead.

'Whilst growing demand is a positive sign for aromatics players, the coming years will see major changes in trade patterns and production. Developments such as the shale gas boom, for example, will continue to impact the competitive landscape, meaning industry participants must stay abreast of market conditions. The World Petrochemical Industry Aromatics Annual Study is designed to give you a clear picture of the industry, with in-depth analysis backed by trusted ICIS data.' said Rob Peacock, Consultant, Aromatics, ICIS Consulting

Based on ICIS projections for gasoline supply/demand, the new World Petrochemical Industry Aromatics Annual Study from ICIS considers the availability of aromatics from co-product streams and the implications for regional aromatics imbalances in the major regions of the world. It also outlines actual and projected capacity for each major derivative per country. It includes:

• Historical, current and forecast supply and demand data (2005-2030)
• Analysis of the past year and implications for the future
• Production data, including new and planned capacity
• Consumption forecasts, broken down by product and region
• Inter-regional trade of aromatics monomers and derivatives
• Product trade flows - volumes per region and product
• Aromatics pricing and production trends

Find out more about the World Petrochemical Industry Aromatics Annual Study at http://www.icis.com/world_aromatics

About ICIS 

ICIS is the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling our customers to make better-informed trading and planning decisions. We have more than 30 years' experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts.

With a global staff of more than 800, ICIS has employees based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. Some 350 of ICIS's staff are journalists engaged in reporting market prices and news, and ICIS is fully committed to upholding the highest journalistic principles of verification, corroboration and authentication. ICIS has a compliance framework that along with its methodologies and business processes adheres to the requirements of the IOSCO PRA Principles.

ICIS is a division of Reed Business Information, part of RELX Group.

About Reed Business Information  

Reed Business Information provides information and online data services to business professionals worldwide. Customers have access to our high-value industry data, analytics, information and tools. Our strong global products and services hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day.  RBI is part of RELX Group plc, a world-leading provider of information solutions for professional customers across industries.

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About RELX Group 

RELX Group plc is a world-leading provider of information solutions for professional customers across industries. The group employs about 28,000 people of whom half are in North America.

Reed Elsevier PLC is the London Stock Exchange listed vehicle for holding shares in RELX Group. Shareholders in Reed Elsevier PLC own a 52.9% economic interest in RELX Group. Reed Elsevier NV is the Amsterdam Stock Exchange listed vehicle for holding shares in RELX Group. External shareholders in Reed Elsevier NV own a 47.1% economic interest in RELX Group. The combined market capitalisation of the two parent companies is approximately £24bn/€32bn. Its shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RUK and ENL. 

For media enquiries, contact:
Arina Popa
Marketing
ICIS
T: +44-207-911-1473
arina.popa@icis.com

SOURCE ICIS