H2 2019 Global Petrochemicals Capacity and Capital Expenditure Outlook - China Leads Global Petrochemical Capacity Additions

H2 2019 Global Petrochemicals Capacity and Capital Expenditure Outlook - China Leads Global Petrochemical Capacity Additions

  • December 2019 •
  • 28 pages •
  • Report ID: 5830876 •
  • Format: PDF
H2 2019 Global Petrochemicals Capacity and Capital Expenditure Outlook - China Leads Global Petrochemical Capacity Additions

Summary
Global petrochemicals capacity is expected to experience considerable growth over the next nine years from 1,592.5 mtpa in 2018 to 2,255.8 mtpa by 2030. Around 1,479 planned and announced petrochemicals plants are expected to come online, primarily in Asia and the Middle East over the next 11 years. China is expected to lead the global petrochemical industry capacity growth from planned and announced projects between 2019 and 2030 with 27% share.

China will dominate the global petrochemicals market in the mid-term with both the biggest number of new projects and the largest absolute capacity expansion driven by economic growth. The total petrochemical capacity of planned and announced projects in China is expected to be 172.9 million tonnes per annum (mtpa) by 2030. Of this capacity addition, 134.5 mtpa will come from planned projects and the remaining 38.4 mtpa will come from announced projects.

India and Iran are expected to have the second highest petrochemical capacity additions globally. These countries collectively contribute about 151.8 mtpa of the total global planned and announced petrochemical capacity additions by 2030. Major capacity additions for India will be from an announced project, ‘Haldia Petrochemicals Balasore Purified Terephthalic Acid (PTA) Plant’, with a capacity addition of 2.4 mtpa. For Iran, the major capacity additions will be from a planned project, ‘Kaveh Methanol Company Dayyer Methanol Plant’, with a capacity of 2.3 mtpa by 2030.

The United States stands third, with planned and announced petrochemical capacity of 71.7 mtpa by 2030. Of these, most of the petrochemical capacity additions will come from planned projects. Haldia Petrochemicals Ltd, China Petrochemical Corp, and Indian Oil Corp Ltd are the top three companies in terms of planned and announced capacity additions during the outlook period.

Scope
- Global petrochemicals capacity outlook by region
- Petrochemicals planned and announced plants details
- Global petrochemicals capacity by commodity
- Capacity share of the major petrochemicals producers globally
- Global petrochemicals capital expenditure outlook by region

Reasons to buy
- Understand key trends in the global petrochemicals industry
- Understand regional petrochemicals supply scenario
- Identify opportunities in the global petrochemicals industry with the help of upcoming plants and capital expenditure outlook
- Understand the current and likely future competitive scenario
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