By 2030, Asia will dominate the capacity of ethylene worldwide
According to the data analytics company-Globaldata, as time going by, Asia will improve ethylene capacity through building new programs and expand programs from 2022 to 2030 within 30 years, until 2030, Asian will account 60% market share in the world market. The prospect of PVC is to enhance the capacity increasing rate further.
It is said in the lastest report from GlobalData, till 2030, the total ethylene capacity of the new and expansion projects in Asia is expected to reach 62.64 million tons/year.
With the demand for ethylene derivatives in packagingã€constructionã€telecom and transportation(include plastics), the ethylene consumption increased, the capacity grew.
Nivedita Roy, an oil and gas analyst at GlobalData, commented that Asia is expected to increase the capacity of 60.81 million barrels per year from 50 planned and announced projects in the upcoming new project category, while from the expansion project, it is expected to increase the capacity of 1.83 million barrels per year from 8 planned and announced projects. Asia's major countries and India are the main countries with increased ethylene production capacity in Asia.
Recommanded products from LYDD:
TAISOX high density polyethylene particles
- The 24th China International Agrochemicals & Crop Protection Exhibition (CAC2024) has Officially Opened1120
- IBI was Invited to Visit Jazan and Riyadh, Saudi Arabia for Cross-border Cooperation1184
- Focus GOO, The 2024 (5th) Global Oil and Oilseeds Industry Summit was held in Nantong1207
- LYDD was invited to attend the Trade Promotion and Exchange Conference of the China Chamber of I/E of Foodstuffs, Native Produce and Animal By-products(CFNA) with representatives of Mato Grosso State from Brazil1202
- Mr. Yang Junhao, General Manager of the Malaysia Palm Oil Board (MPOB) China Office and his delegation visited LYDD again1074
