SAMPLE. North America Propylene Industry Outlook to 2017 GDCH0615RDB/JAN 2013

Transcription

1 - Market Size, Company Share, Price Trends, Capacity Forecasts of All Active and Planned Plants Reference Code: GDCH0615RDB Publication Date: January 2013 GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 1

2 1 Table of Contents 1 Table of Contents List of Tables List of Figures 8 2 North America Propylene Industry, Supply Scenario, North America Propylene Industry, Total Plant Capacity, North America Propylene Industry, Installed Plant Capacity by Key Feedstock, North America Propylene Industry, Installed Plant Capacity by Production Process, North America Propylene Industry, Installed Plant Capacity by Technology, North America Propylene Industry, Company Share, North America, Propylene Industry, Planned Projects Details, North America Propylene Industry, Market Dynamics, North America Propylene Industry, Market Size, North America Propylene Industry, Demand and Production Outlook, North America Propylene Industry, Demand by End Use Sector, North America Propylene Industry, Price Forecasts, The US Propylene Industry The US Propylene Industry, Supply Scenario, The US Propylene Industry, Total Plant Capacity, The US Propylene Industry, Installed Plant Capacity by Key Feedstock, The US Propylene Industry, Installed Plant Capacity by Production Process, The US Propylene Industry, Installed Plant Capacity by Technology, The US Propylene Industry, Company Share, The US, Propylene Industry, Planned Projects Details, The US Propylene Industry, Market Dynamics, The US Propylene Industry, Market Size, The US Propylene Industry, Demand and Production Outlook, The US Propylene Industry, Demand by End Use Sector, The US Propylene Industry, Price Forecasts, The US Propylene Industry, Trade Balance, The US Propylene Industry, Imports and Exports, The US Propylene Industry, Net Exports, The US Propylene Industry, Imports as Percentage of Demand, Canada Propylene Industry 96 GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 2

3 4.1 Canada Propylene Industry, Supply Scenario, Canada Propylene Industry, Total Plant Capacity, Canada, Propylene Industry, Planned Projects Details, Canada Propylene Industry, Market Dynamics, Canada Propylene Industry, Market Size, Canada Propylene Industry, Demand and Production Outlook, Canada Propylene Industry, Demand by End Use Sector, Canada Propylene Industry, Price Forecasts, Canada Propylene Industry, Trade Balance, Canada Propylene Industry, Imports and Exports, Canada Propylene Industry, Net Exports, Canada Propylene Industry, Imports as Percentage of Demand, LyondellBasell Industries N.V., Company Snapshot LyondellBasell Industries N.V., Company Overview LyondellBasell Industries N.V., Key Information LyondellBasell Industries N.V., Business Description Business Overview LyondellBasell Industries N.V., Propylene Market, LyondellBasell Industries N.V., Propylene Capacity Split, North America and Rest of the World, LyondellBasell Industries N.V., Propylene Plant Capacity Share in North America, LyondellBasell Industries N.V., Propylene Capacity in North America, LyondellBasell Industries N.V., Propylene Plant Details in North America, SWOT Analysis Overview LyondellBasell Industries N.V. Strengths LyondellBasell Industries N.V. Weaknesses LyondellBasell Industries N.V. Opportunities LyondellBasell Industries N.V. Threats Exxon Mobil Corporation, Company Snapshot Exxon Mobil Corporation, Company Overview Exxon Mobil Corporation, Key Information Exxon Mobil Corporation, Business Description Business Overview Chemical Downstream 127 GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 3

4 6.3.4 Upstream Exxon Mobil Corporation, Propylene Market, Exxon Mobil Corporation, Propylene Capacity Split, North America and Rest of the World, Exxon Mobil Corporation, Propylene Plant Capacity Share in North America, Exxon Mobil Corporation, Propylene Capacity in North America, Exxon Mobil Corporation, Propylene Plant Details in North America, SWOT Analysis Overview Exxon Mobil Corporation Strengths Exxon Mobil Corporation Weaknesses Exxon Mobil Corporation Opportunities Exxon Mobil Corporation Threats Royal Dutch Shell plc, Company Snapshot Royal Dutch Shell plc, Company Overview Royal Dutch Shell plc, Key Information Royal Dutch Shell plc, Business Description Business Overview Corporate Downstream Upstream Royal Dutch Shell plc, Propylene Market, Royal Dutch Shell plc, Propylene Capacity Split, North America and Rest of the World, Royal Dutch Shell plc, Propylene Plant Capacity Share in North America, Royal Dutch Shell plc, Propylene Capacity in North America, Royal Dutch Shell plc, Propylene Plant Details in North America, SWOT Analysis Overview Royal Dutch Shell plc Strengths Royal Dutch Shell plc Weaknesses Royal Dutch Shell plc Opportunities Royal Dutch Shell plc Threats Appendix Definitions Installed Plant Capacity Key Feedstock Process Technology Abbreviations 154 GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 4

5 8.3 GlobalData s Methodology Coverage Secondary Research Primary Research Expert Panel Validation Disclaimer List of Tables Table 1: North America, Total Propylene Plant Capacity, MMTPA, Table 2: Propylene Industry, Total Plant Capacity by Region, MMTPA, Table 3: North America, Major Propylene Plants Capacity, MMTPA, Table 4: North America, Major Propylene Plants Capacity, MMTPA, (Contd.) 13 Table 5: North America, Major Propylene Plants Capacity, MMTPA, (Contd.) 14 Table 6: North America, Major Propylene Plants Capacity, MMTPA, (Contd.) 15 Table 7: North America, Major Propylene Plants Capacity, MMTPA, (Contd.) 16 Table 8: North America, Major Propylene Plants Capacity, MMTPA, (Contd.) 17 Table 9: North America, Major Propylene Plants Capacity, MMTPA, (Contd.) 18 Table 10: North America, Active Propylene Capacity Share by Country, %, Table 11: North America, Active Propylene Plants Share by Country, %, Table 12: North America, Major Active Propylene Plant Details, MMTPA, Table 13: North America, Major Active Propylene Plant Details, MMTPA, 2012 (Contd.) 23 Table 14: North America, Major Active Propylene Plant Details, MMTPA, 2012 (Contd.) 24 Table 15: North America, Major Active Propylene Plants by Key Feedstock, Production Process and Technology, Table 16: North America, Major Active Propylene Plants by Key Feedstock, Production Process and Technology, 2012 (Contd.) 25 Table 17: North America, Major Active Propylene Plants by Key Feedstock, Production Process and Technology, 2012 (Contd.) 26 Table 18: North America, Major Active Propylene Plants by Key Feedstock, Production Process and Technology, 2012 (Contd.) 27 Table 19: North America, Top Propylene Plants Capacity, %, Table 20: North America, Top Propylene Plant Details, Table 21: North America Propylene Industry, Installed Plant Capacity by Key Feedstock, Table 22: North America, Propylene Industry, Installed Plant Capacity by Naphtha, Table 23: North America, Propylene Industry, Installed Plant Capacity by Naphtha, 2012 (Contd.) 30 Table 24: North America, Propylene Industry, Installed Plant Capacity by Natural Gas, Table 25: North America, Propylene Industry, Installed Plant Capacity by Natural Gas, 2012 (Contd.) 31 Table 26: North America Propylene Industry, Installed Plant Capacity by Production Process, Table 27: North America, Propylene Industry, Installed Plant Capacity by Fluid Catalytic Cracking, Table 28: North America, Propylene Industry, Installed Plant Capacity by Steam Cracking, Table 29: North America, Propylene Industry, Installed Plant Capacity by Olefin Metathesis, Table 30: North America, Propylene Industry, Installed Plant Capacity by Deep Catalytic Cracking, Table 31: North America, Propylene Industry, Installed Plant Capacity by Propane Dehydrogenation, Table 32: North America Propylene Industry, Installed Plant Capacity by Technology, GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 5

6 Table 33: North America, Propylene Industry, Installed Plant Capacity by CB&I Lummus (OCT) Propylene Technology, Table 34: North America, Propylene Industry, Installed Plant Capacity by Linde AG Propylene Technology, Table 35: North America, Propylene Industry, Installed Plant Capacity by KBR Superflex Propylene Technology, Table 36: North America, Propylene Industry, Installed Plant Capacity by Stone & Webster Propylene Technology, Table 37: North America, Propylene Industry, Installed Plant Capacity by CB&I Lummus (Catofin) Propylene Technology, Table 38: North America, Propylene Industry, Installed Plant Capacity by Company, %, Table 39: North America, Propylene Industry, Planned Projects, Table 40: North America, Propylene Industry, Demand Value, $bn, Table 41: Propylene Industry, Demand Value Growth by Region, $bn, Table 42: North America, Propylene Industry, Demand and Production, MMTPA, Table 43: Propylene Industry, Demand by Region, MMTPA, Table 44: Propylene Industry, Production by Region, MMTPA, Table 45: North America, Propylene Industry, Production by Country, %, Table 46: North America, Propylene Industry, Demand by Country, %, Table 47: North America, Propylene Industry, Demand by End Use Sector, %, Table 48: Propylene Industry, End Use by Regions, MMTPA, Table 49: North America, Propylene Industry, Price Forecasts, $/Tonne, Table 50: Propylene Industry, Average Price by Region, $/Tonne, Table 51: The US, Total Propylene Plant Capacity, MMTPA, Table 52: The US, Propylene Plants Capacity, MMTPA, Table 53: The US, Propylene Plants Capacity, MMTPA, (Contd.) 57 Table 54: The US, Propylene Plants Capacity, MMTPA, (Contd.) 58 Table 55: The US, Propylene Plants Capacity, MMTPA, (Contd.) 59 Table 56: The US, Propylene Plants Capacity, MMTPA, (Contd.) 60 Table 57: The US, Propylene Plants Capacity, MMTPA, (Contd.) 61 Table 58: The US, Propylene Plants Capacity, MMTPA, (Contd.) 62 Table 59: The US, Propylene Plants Capacity, MMTPA, (Contd.) 63 Table 60: The US, Active Propylene Plants by State, %, Table 61: The US, Active Propylene Plant Details, MMTPA, Table 62: The US, Active Propylene Plant Details, MMTPA, 2012 (Contd.) 66 Table 63: The US, Active Propylene Plant Details, MMTPA, 2012 (Contd.) 67 Table 64: The US, Active Propylene Plants by Key Feedstock, Production Process and Technology, Table 65: The US, Active Propylene Plants by Key Feedstock, Production Process and Technology, 2012 (Contd.) 68 Table 66: The US, Active Propylene Plants by Key Feedstock, Production Process and Technology, 2012 (Contd.) 69 Table 67: The US, Active Propylene Plants by Key Feedstock, Production Process and Technology, 2012 (Contd.) 70 Table 68: The US, Top Propylene Plants Capacity, %, Table 69: The US, Top Propylene Plant Details, Table 70: The US Propylene Industry, Installed Plant Capacity by Key Feedstock, Table 71: The US, Propylene Industry, Installed Plant Capacity by Naphtha, Table 72: The US, Propylene Industry, Installed Plant Capacity by Naphtha, 2012 (Contd.) 73 Table 73: The US, Propylene Industry, Installed Plant Capacity by Natural Gas, Table 74: The US, Propylene Industry, Installed Plant Capacity by Natural Gas, 2012 (Contd.) 74 GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 6

7 Table 75: The US Propylene Industry, Installed Plant Capacity by Production Process, Table 76: The US, Propylene Industry, Installed Plant Capacity by Fluid Catalytic Cracking, Table 77: The US, Propylene Industry, Installed Plant Capacity by Fluid Catalytic Cracking, 2012 (Contd.) 76 Table 78: The US, Propylene Industry, Installed Plant Capacity by Steam Cracking, Table 79: The US, Propylene Industry, Installed Plant Capacity by Olefin Metathesis, Table 80: The US, Propylene Industry, Installed Plant Capacity by Deep Catalytic Cracking, Table 81: The US, Propylene Industry, Installed Plant Capacity by Propane Dehydrogenation, Table 82: The US Propylene Industry, Installed Plant Capacity by Technology, Table 83: The US, Propylene Industry, Installed Plant Capacity by CB&I Lummus (OCT) Propylene Technology, Table 84: The US, Propylene Industry, Installed Plant Capacity by Linde AG Propylene Technology, Table 85: The US, Propylene Industry, Installed Plant Capacity by KBR Superflex Propylene Technology, Table 86: The US, Propylene Industry, Installed Plant Capacity by Stone & Webster Propylene Technology, Table 87: The US, Propylene Industry, Installed Plant Capacity by CB&I Lummus (Catofin) Propylene Technology, Table 88: The US, Propylene Industry, Installed Plant Capacity by Company, %, Table 89: The US, Propylene Industry, Planned Projects, Table 90: The US, Propylene Industry, Demand Value, $bn, Table 91: The US, Propylene Industry, Demand and Production, MMTPA, Table 92: The US, Propylene Industry, Demand by End Use Sector, %, Table 93: The US, Propylene Industry, Price Forecasts, $/Tonne, Table 94: The US, Propylene Industry, Imports and Exports, MMTPA, Table 95: The US, Propylene Industry, Net Exports, MMTPA, Table 96: The US, Propylene Industry, Imports as Percentage of Demand, %, Table 97: Canada, Total Propylene Plant Capacity, MMTPA, Table 98: Canada, Major Propylene Plants Capacity, MMTPA, Table 99: Canada, Active Propylene Plants by State, %, Table 100: Canada, Major Active Propylene Plant Details, MMTPA, Table 101: Canada, Top Propylene Plants Capacity, %, Table 102: Canada, Top Propylene Plant Details, Table 103: Canada, Propylene Industry, Planned Projects, Table 104: Canada, Propylene Industry, Demand Value, $bn, Table 105: Canada, Propylene Industry, Demand and Production, MMTPA, Table 106: Canada, Propylene Industry, Demand by End Use Sector, %, Table 107: Canada, Propylene Industry, Price Forecasts, $/Tonne, Table 108: Canada, Propylene Industry, Imports and Exports, MMTPA, Table 109: Canada, Propylene Industry, Net Exports, MMTPA, Table 110: Canada, Propylene Industry, Imports as Percentage of Demand, %, Table 111: LyondellBasell Industries N.V., Key Facts 114 Table 112: LyondellBasell Industries N.V., Propylene Capacity Split, North America and Rest of the World,%, Table 113: North America, LyondellBasell Industries N.V., Propylene Capacity Share, %, Table 114: North America, LyondellBasell Industries N.V., Propylene Plant Capacity, MMTPA, Table 115: North America, LyondellBasell Industries N.V., Propylene Plant Details, Table 116: LyondellBasell Industries N.V., SWOT Analysis 120 Table 117: Exxon Mobil Corporation, Key Facts 125 GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 7

8 Table 118: Exxon Mobil Corporation, Propylene Capacity Split, North America and Rest of the World,%, Table 119: North America, Exxon Mobil Corporation, Propylene Capacity Share, %, Table 120: North America, Exxon Mobil Corporation, Propylene Plant Capacity, MMTPA, Table 121: North America, Exxon Mobil Corporation, Propylene Plant Details, Table 122: Exxon Mobil Corporation, SWOT Analysis 132 Table 123: Royal Dutch Shell plc, Propylene Capacity Split, North America and Rest of the World,%, Table 124: North America, Royal Dutch Shell plc, Propylene Capacity Share, %, Table 125: North America, Royal Dutch Shell plc, Propylene Plant Capacity, MMTPA, Table 126: North America, Royal Dutch Shell plc, Propylene Plant Details, Table 127: Royal Dutch Shell plc, SWOT Analysis List of Figures Figure 1: North America, Total Propylene Plant Capacity, MMTPA, Figure 2: Propylene Industry, Total Plant Capacity by Region, MMTPA, Figure 3: North America, Active Propylene Capacity Share by Country, %, Figure 4: North America, Active Propylene Plants Share by Country, %, Figure 5: North America, Top Propylene Plants Capacity, %, Figure 6: North America Propylene Industry, Installed Plant Capacity by Key Feedstock, Figure 7: North America Propylene Industry, Installed Plant Capacity by Production Process, Figure 8: North America Propylene Industry, Installed Plant Capacity by Technology, Figure 9: North America, Propylene Industry, Installed Plant Capacity by Company, %, Figure 10: North America, Propylene Industry, Demand Value, $bn, Figure 11: Propylene Industry, Demand Value Growth by Region, $bn, Figure 12: North America, Propylene Industry, Demand and Production, MMTPA, Figure 13: Propylene Industry, Demand by Region, MMTPA, Figure 14: Propylene Industry, Production by Region, MMTPA, Figure 15: North America, Propylene Industry, Production by Country, %, Figure 16: North America, Propylene Industry, Demand by Country, %, Figure 17: North America, Propylene Industry, Demand by End Use Sector, %, Figure 18: Propylene Industry, End Use by Regions, MMTPA, Figure 19: North America, Propylene Industry, Price Forecasts, $/Tonne, Figure 20: Propylene Industry, Average Price by Region, $/Tonne, Figure 21: The US, Total Propylene Plant Capacity, MMTPA, Figure 22: The US, Active Propylene Plants by State, %, Figure 23: The US, Top Propylene Plants Capacity, %, Figure 24: The US Propylene Industry, Installed Plant Capacity by Key Feedstock, Figure 25: The US Propylene Industry, Installed Plant Capacity by Production Process, Figure 26: The US Propylene Industry, Installed Plant Capacity by Technology, Figure 27: The US, Propylene Industry, Installed Plant Capacity by Company, %, Figure 28: The US, Propylene Industry, Demand Value, $bn, Figure 29: The US, Propylene Industry, Demand and Production, MMTPA, Figure 30: The US, Propylene Industry, Demand by End Use Sector, %, Figure 31: The US, Propylene Industry, Price Forecasts, $/Tonne, GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 8

9 Figure 32: The US, Propylene Industry, Imports and Exports, MMTPA, Figure 33: The US, Propylene Industry, Net Exports, MMTPA, Figure 34: The US, Propylene Industry, Imports as Percentage of Demand, %, Figure 35: Canada, Total Propylene Plant Capacity, MMTPA, Figure 36: Canada, Active Propylene Plants by State, %, Figure 37: Canada, Top Propylene Plants Capacity, %, Figure 38: Canada, Propylene Industry, Demand Value, $bn, Figure 39: Canada, Propylene Industry, Demand and Production, MMTPA, Figure 40: Canada, Propylene Industry, Demand by End Use Sector, %, Figure 41: Canada, Propylene Industry, Price Forecasts, $/Tonne, Figure 42: Canada, Propylene Industry, Imports and Exports, MMTPA, Figure 43: Canada, Propylene Industry, Net Exports, MMTPA, Figure 44: Canada, Propylene Industry, Imports as Percentage of Demand, %, Figure 45: LyondellBasell Industries N.V., Propylene Capacity Split, North America and Rest of the World,%, Figure 46: North America, LyondellBasell Industries N.V., Propylene Capacity Share, %, Figure 47: Exxon Mobil Corporation, Propylene Capacity Split, North America and Rest of the World,%, Figure 48: North America, Exxon Mobil Corporation, Propylene Capacity Share, %, Figure 49: Royal Dutch Shell plc, Propylene Capacity Split, North America and Rest of the World,%, Figure 50: North America, Royal Dutch Shell plc, Propylene Capacity Share, %, GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 9

10 2 North America Propylene Industry, Supply Scenario, North America Propylene Industry, Total Plant Capacity, Figure 1: North America, Total Propylene Plant Capacity, MMTPA, Source: GlobalData, Petrochemicals etrack GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 10

11 Table 1: North America, Total Propylene Plant Capacity, MMTPA, Year Capacity Source: GlobalData, Petrochemicals etrack GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 11

12 Figure 2: Propylene Industry, Total Plant Capacity by Region, MMTPA, Source: GlobalData, Petrochemicals etrack Table 2: Propylene Industry, Total Plant Capacity by Region, MMTPA, Region Source: GlobalData, Petrochemicals etrack GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 12

13 Table 3: North America, Major Propylene Plants Capacity, MMTPA, Plant Name Source: GlobalData, Petrochemicals etrack Table 4: North America, Major Propylene Plants Capacity, MMTPA, (Contd.) Plant Name Source: GlobalData, Petrochemicals etrack GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 13

14 Appendix 8 Appendix 8.1 Definitions Installed Plant Capacity The maximum rated output of a plant under specific conditions designated by the manufacturer. The installed capacity is usually indicated in units of tonnes on a nameplate physically attached to the plant Key Feedstock Process The key feedstock in the petrochemical industry refers to the primary raw materials that serve as a building block for the entire petrochemicals industry. Naphtha, natural gas, Liquefied Petroleum Gas (LPG), ethanol and coal are the key feedstocks being used in the petrochemical industry. A process is a combination of unit operations used in the manufacturing of petrochemicals to change the composition of chemicals Technology Technology is referred to as a technical process used in the petrochemical industry, which is developed by a specific business entity. 8.2 Abbreviations MMTPA - Million Metric Tonnes per Annum CAGR - Compounded Annual Growth Rate 8.3 GlobalData s Methodology Coverage GlobalData s dedicated research and analysis teams consists of experienced professionals with marketing, market research and consulting backgrounds in the petrochemical industry and advanced statistical expertise. GlobalData adheres to the codes of practice of the Market Research Society ( and the Society of Competitive Intelligence Professionals ( All GlobalData databases are continuously updated and revised. The objective of updating GlobalData s coverage is to ensure that it represents the most up to date vision of the industry possible. Changes to the industry taxonomy are built on the basis of extensive research of company, association and competitor sources. Company coverage is based on three key factors: market capitalization, revenues and media attention/innovation/market potential. GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 154

15 Appendix An exhaustive search of 56 member exchanges is conducted and companies are prioritized on the basis of their market capitalization. The estimated revenues of all major companies, including private and governmental, are gathered and used to prioritize coverage. Companies which are making the news, or which are of particular interest due to their innovative approach, are prioritized. GlobalData aims to cover all major news events and deals in the petrochemical industry, updated on a daily basis. The coverage is further streamlined and strengthened with additional inputs from GlobalData s expert panel (see below) Secondary Research The research process begins with exhaustive secondary research on internal and external sources being carried out to source qualitative and quantitative information relating to each market. The secondary research sources that are typically referred to include, but are not limited to: Company websites, annual reports, financial reports, broker reports, investor presentations and MexicoSecurities and Exchanges Commission (SEC) filings. Industry trade journals and other literature. Internal and external proprietary databases. National government documents, statistical databases and market reports. News articles, press releases and web-casts specific to the companies operating in the market Primary Research GlobalData conducts hundreds of primary interviews a year with industry participants and commentators in order to validate its data and analysis. A typical research interview fulfills the following functions: It provides first-hand information on market size, market trends, growth trends, competitive landscape, and future outlooks for markets and sectors. It helps in validating and strengthening secondary research findings. It further develops the analysis team s expertise and market understanding. Primary research involves interactions, telephone interviews and face-to-face interviews for each market, category, segment and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to: Industry participants: CEOs, VPs, business development managers, market intelligence managers and national sales managers, Outside experts: investment bankers, valuation experts, research analysts and key opinion leaders specializing in petrochemicals markets. GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 155

16 Appendix Expert Panel Validation GlobalData uses a panel of experts to cross-verify research and forecast methodologies and drive its analytical content. The GlobalData expert panel comprises marketing managers, product specialists, international sales managers from petrochemical companies; academics and geologists from research universities, consultants from venture capital funds and distributors/suppliers of petrochemicals goods and services. Details of the makeup of the expert panel can be viewed through the GlobalData website, and are available to clients on request. 8.4 Disclaimer All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, GlobalData. GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 156