Dublin, April 12, 2019 (GLOBE NEWSWIRE) -- The "H1 2019 Global Petrochemicals Capacity and Capital Expenditure Outlook - Asia and the Middle East to Lead Global Petrochemical Capacity Additions" report has been added to ResearchAndMarkets.com's offering.
"H1 2019 Global Petrochemicals Capacity and Capital Expenditure Outlook - Asia and the Middle East to Lead Global Petrochemical Capacity Additions", reveals that around 1,320 planned and announced plants are scheduled to come online, predominantly in Asia and the Middle East.
Global petrochemicals capacity is expected to experience considerable growth over the next nine years from around 1,500 mtpa in 2018 to more than 2,100 mtpa by 2027. More than 1,300 planned and announced petrochemicals plants are expected to come online, primarily in Asia and the Middle East over the next nine years.
Asia is forecast to be the major contributor to the growth of the global petrochemical industry by 2030, accounting for around 49% of the global planned and announced petrochemical capacity additions. Within Asia, China plans to add a total capacity of approximately 152.4 million tonnes per annum (mtpa) with the help of 305 planned and announced petrochemical plants. The country is expected to spend a capital expenditure (capex) of US$91.5bn during the period. Hengli Petrochemical and China Petrochemical Corp are the top two companies accounting for the major capacity additions in China.
Middle East as the second largest region in terms of capacity additions will add 20% of global capacity additions, with Iran accounting for around two thirds (67%) of the region's capacity additions. Iran will have 152 planned and announced petrochemical plants, adding capacity of around 73.3 mtpa by 2030. The country is expected to spend a total of US$51.1bn. The National Petrochemical Co, Badr-e-Shargh Petrochemical Co and Sepehr Makran Iran are the top companies accounting for the major capacity additions in Iran.
In North America, the majority of capacity additions will be from the US, with planned and announced capacity additions of roughly 66.4 mtpa by 2030 and it is expected to spend a capex of around US$61.6bn. Major capacity additions will be from Formosa Plastics Group, IGP Methanol LLC and NW Innovation Works Inc. In South America, Brazil plans to spend US$9.6bn in the coming years to add capacity of 8.7 mtpa.
Hengli Petrochemical, Rosneft Oil Co and Zhejiang Rongsheng Holding Group Co Ltd will be the top three companies by planned capacity additions globally over the outlook period.
Scope
Key Topics Covered:
1 Table of Contents
1.1. List of Tables
1.2. List of Figures
2. Global Petrochemical Capacity and Capital Expenditure Outlook
2.1. Key Highlights
2.2. Major New Plant Announcements
2.3. New Plant Cancellations
2.4. Global Petrochemical Capacity Contribution by Region
2.5. Global Petrochemical Capacity Contribution by Active, Planned, and Announced Plants, 2019
2.6. Key Companies by Petrochemical Capacity Contributions (% Share), 2018
2.7. Key Countries by Active Global Capacity Contributions to Petrochemical Industry
2.8. Key Commodities by Active Global Capacity Contributions to Petrochemical Industry
2.9. Regional Capacity Additions from Planned and Announced Plants
2.10. Key Countries' Capacity Additions from Planned and Announced Plants
2.11. Key Companies' Capacity Additions from Planned and Announced Plants
2.12. Regional Capex Spending on Planned and Announced Plants
2.13. Key Countries Capex Spending on Planned and Announced Plants
3. Key Global Planned and Announced Petrochemical Plants
4. Appendix
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