Global petrochemicals capacity will grow considerably over the next five years, increasing from 1,464 million metric tonnes per annum (mmtpa) in 2015 to 1,708 mmtpa by 2020. Around 647 planned projects are slated to come online in the next five years, driven primarily by China, the US, and Iran. Asia has over half of all planned projects, with China responsible for 176 projects with a total capacity of 64 mmtpa by 2019. China Petroleum & Chemical Corporation, Shenhua Group Corporation Limited and China Coal Energy Company Limited will be the top three companies behind major capacity additions in China during the forecast period.
GlobalData’s Global Petrochemicals Capacity and Capital Expenditure Outlook report provides information on historic and forecast global petrochemical capacity up to 2020. It includes global petrochemical planned plants details, information on the capacity share of the major petrochemical producers in the world, and capital expenditure forecast by region.
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