OUR GREAT MINDS

    by Tina Olivero

    Asia to Account 61% of Global Ethylene Capacity Additions

    Asia is expected to lead the global ethylene industry capacity growth from new-build and expansion projects by 2030 with a share of 61%, according to GlobalData, a leading data, and analytics company.

    GlobalData’s report ‘Ethylene Market Capacity and Capital Expenditure (CapEx) Forecast by Region, Top Countries and Companies, Feedstock, Key Planned and Announced Projects, 2021-2030’ reveals that the total ethylene capacity of new-build and expansion projects in Asia is expected to be 63.4 million tonnes per annum (mtpa) by 2030. Out of this capacity addition, 61.7 mtpa is from new-build projects and the remaining capacity is from expansion projects.

    Teja Pappoppula, Oil and Gas Analyst at GlobalData, says: “Asia will continue to dominate the global ethylene market with the biggest number of new projects driven by growing economies in the region i.e., China and India.”

    The Middle East is expected to have the second-highest ethylene capacity additions globally, behind Asia. The region contributes about 19.5 mtpa of the total global new-build and expansion ethylene capacity additions by 2030. Major capacity additions for the Middle East will be from Iran, with a new-build and expansion capacity additions of 11.3 mtpa, by 2030.

    The former Soviet Union stands third, with a new-build and expansion petrochemical capacity of 10.8 mtpa by 2030. Of these, most of the ethylene capacity additions will come from new-build projects.

    About GlobalData

    4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis, and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, technology, energy, financial, and professional services sectors.

    Tina Olivero

      Would you like to know more about this story?

      Let us know who you are and how we can assist you.

      First Name *required

      Last Name

      Company

      Website

      Email *required

      Mobile required

      What are you interested In?

      Learning more about this story?Contacting the company in this story?Marketing for your company?Business Development for your company?

      I am interested in...


      Did you enjoy this article?

      Get Media Kit


      OGM - Our Great Minds