The company’s report, Global Propylene Capacity and Capital Expenditure Outlook, 2019 – China and India to Lead Globally in Terms of Propylene Capacity Additions, reveals that around 129 planned and announced plants are scheduled to come online, predominantly in Asia and the Middle East over the next 11 years.China is set to have large capacity additions of 13.24 million tonnes per annum (mtpa) by 2030. Among these, 8.88mtpa is expected to come from planned plants while 4.36mtpa is likely to come from the announced plants. The country is set to bring online 28 planned and 11 announced plants during the outlook period.
Dayanand Kharade, oil and gas analyst at GlobalData, comments: "China will dominate the global propylene market in the mid-term with both the biggest number of new projects and the largest absolute capacity expansion driven by economic growth. The country is forecast to account for one-third of the global capacity addition during the outlook period."GlobalData identifies India as the second highest country in terms of capacity additions. The country is set to add 5.09mtpa of planned and announced propylene capacity from new-build and expansion plants by 2030. Among these, 0.13mtpa is about to come from planned plants and 4.96mtpa from announced plants.
Among the companies, Formosa Plastics Group, Dangote Industries and Haldia Petrochemicals are expected to lead globally with the highest propylene capacity additions of 1.85mtpa, 1.70mtpa and 1.52mtpa, respectively in 2030.For the latest refining and petrochemical industry related videos, subscribe to our YouTube page.