Asia To Account For More Than Half Of Global Petrochemical Capacity Additions By 2030, Forecasts GlobalData

0
Asia To Account For More Than Half Of Global Petrochemical Capacity Additions By 2030, Forecasts GlobalData

Asia is expected to lead the global petrochemical industry capacity growth from new-build and expansion projects by 2030 with 57% share, according to GlobalData, a leading data and analytics company.

Get Our Activist Investing Case Study!

Get the entire 10-part series on our in-depth study on activist investing in PDF. Save it to your desktop, read it on your tablet, or print it out to read anywhere! Sign up below!

Q3 2021 hedge fund letters, conferences and more

Seth Klarman’s 2021 Letter: Baupost’s “Never-Ending” Hunt For Information

Baupost's investment process involves "never-ending" gleaning of facts to help support investment ideas Seth Klarman writes in his end-of-year letter to investors. In the letter, a copy of which ValueWalk has been able to review, the value investor describes the Baupost Group's process to identify ideas and answer the most critical questions about its potential Read More

Asia Expected To Lead The Global Petrochemical Industry Capacity Growth

GlobalData’s report ‘Global Petrochemicals Capacity and Capital Expenditure Outlook, 2021 - 2030 – Asia Leads Global Petrochemical Capacity Additions’, reveals that the total petrochemical capacity of new-build and expansion projects in Asia is expected to be 477 million tonnes per annum (mtpa) by 2030. Of this, 465.8 mtpa will be from new-build projects and the remaining capacity will be from expansion projects.

Dayanand Kharade, Oil and Gas Analyst at GlobalData, explains: “Asia will continue to dominate the global petrochemicals market with both the biggest number of new projects and the largest absolute capacity expansion, driven by the economic growth of China, India and other Asian countries.”

Global Petrochemical Capacity

The Middle East is expected to have the second highest petrochemical capacity additions globally, behind Asia. The region contributes about 140.8 mtpa of the total global new-build and expansion petrochemical capacity additions by 2030. Major capacity additions for the Middle East will be from Iran, with a new-build and expansion capacity additions of 83.3 mtpa during the period.

Former Soviet Union stands third, with new-build and expansion petrochemical capacity of 104.1 mtpa by 2030. Of these, most of the petrochemical 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.

Updated on

No posts to display