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Petrochemicals Capacity and Capital Expenditure (CapEx) Forecast by Region, Top Countries and Companies, Commodities, Key Planned and Announced Projects, 2022-2030

The global petrochemical capacity was 2,285.1 mtpa in 2021. The market is expected to grow at a CAGR of more than 35% during the forecast period. Among regions, Asia leads with the largest capacity contribution globally over the upcoming years, followed by North America and Europe.

Global petrochemical market overview

Global petrochemical market overview

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What are the some of the key planned and announced petrochemical plants?

Some of the key planned and announced petrochemical plants are the Sherwood Energy Maysky Methanol Plant, Reliance Industries Jamnagar Styrene-Butadiene Rubber (SBR) Plant, Shandong Yulong Petrochemical Longkou Ethylene Plant 2, Reliance Industries Jamnagar Polypropylene Plant 3, Zhejiang Petrochemical Daishan Xylene Plant 2, Reliance Industries Jamnagar Ethylene Glycol (EG) Plant 2, Gazprom Yamal Methanol Plant, Reliance Industries Jamnagar Methanol Plant, Sinochem Quanzhou Petrochemical Quanzhou Ethylene Plant 2, Brass Fertilizer & Petrochemical Company Brass Methanol Plant, Shandong Yulong Petrochemical Longkou Ethylene Plant 1, and Sinopec Oilfield Service Corporation Yizheng Purified Terephthalic Acid (PTA) Plant 3.

Which are the key regions in the global petrochemical market?

The key regions in the global petrochemical market are Asia, North America, Europe, Middle East, Former Soviet Union, South America, Africa, Caribbean, and Oceania. Asia has the highest capacity contribution globally, followed by North America, Europe, Middle East, Former Soviet Union, South America, Africa, Caribbean, and Oceania.

Global petrochemical market, by key regions

Global petrochemical market, by key regions

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Which are the key countries in the global petrochemical market?

The key countries in the global petrochemical market are China, US, India, South Korea, Saudi Arabia, Japan, Russia, Iran, Germany, and Taiwan. Among the key countries, China led with the largest capacity contribution globally, followed by the US and India.

Global petrochemical market, by key countries

Global petrochemical market, by key countries

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Which are the key commodities in the global petrochemical market?

The key commodities in the global petrochemical market are ammonia, urea, ethylene, methanol, propylene, polyethylene, purified terephthalic acid (PTA), polypropylene, and xylenes. Among them ammonia has the highest capacity, followed by propylene, polyethylene, purified terephthalic acid (PTA), then polypropylene, and then xylenes.

Global petrochemical market, by commodities

Global petrochemical market, by commodities

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Which are the key companies in the global petrochemical market?

The key companies in the global petrochemical market are Reliance Industries Ltd, Haldia Petrochemicals Ltd, China Petrochemical Corp, The National Petrochemical Co, Indian Oil Corp Ltd, Tianjin Bohai Chemical Industry Co Ltd, Oriental Energy Co Ltd, Zhejiang Rongsheng Holding Group Co Ltd, and Shandong Yulong Petrochemical Ltd.

Global petrochemical market, by key companies

Global petrochemical market, by key companies

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Market report scope

Market size 2021 2,285.1 mtpa
CAGR >35%
Forecast period 2022-2030
Key regions Asia, North America, Europe, Middle East, Former Soviet Union, South America, Africa, Caribbean, and Oceania
Key countries China, US, India, South Korea, Saudi Arabia, Japan, Russia, Iran, Germany, and Taiwan
Key commodities Ammonia, Urea, Ethylene, Methanol, Propylene, Polyethylene, Purified Terephthalic Acid (PTA), Polypropylene, and Xylenes
Key companies Reliance Industries Ltd, Haldia Petrochemicals Ltd, China Petrochemical Corp, The National Petrochemical Co, Indian Oil Corp Ltd, Tianjin Bohai Chemical Industry Co Ltd, Oriental Energy Co Ltd, Zhejiang Rongsheng Holding Group Co Ltd, and Shandong Yulong Petrochemical Ltd

Scope

  • Global petrochemical capacity is poised to see considerable growth over the upcoming years. Around 1944, planned and announced plants are slated to come online by 2030, primarily in Asia and the Middle East. Reliance Industries Ltd, Haldia Petrochemicals Ltd, and China Petrochemical Corp are the top three companies by planned and announced capacity additions globally over the upcoming years.
  • Global petrochemicals capacity outlook by region
  • Petrochemicals planned and announced plants details
  • Global petrochemicals capacity by commodity
  • Capacity share of the major petrochemicals producers globally
  • Global petrochemicals capital expenditure outlook by region

Reasons to Buy

  • Understand key trends in the global petrochemicals industry
  • Identify opportunities in the global petrochemicals industry with the help of upcoming plants and capital expenditure outlook
  • Understand the current and likely future competitive scenario

Table of Contents

Table of Contents

| About GlobalData 2

1. Global Petrochemical Capacity and Capital Expenditure Outlook 5

1.1. Key Highlights 5

1.2. Major New Plant Announcements 6

1.3. New Plant Cancellations 7

1.4. Key Stalled Plants 8

1.5. Global Petrochemical Capacity Contribution by Region 9

1.6. Global Petrochemical Capacity Contribution by Active, Planned and Announced Plants, 2022 11

1.7. Key Companies by Petrochemical Capacity Contributions (% Share), 2021 13

1.8. Key Countries by Active Global Capacity Contributions to Petrochemical Industry 15

1.9. Key Commodities by Active Global Capacity Contributions to Petrochemical Industry 17

1.10. Regional Capacity Additions from Planned and Announced Plants 18

1.11. Key Countries’ Capacity Additions from Planned and Announced Plants 20

1.12. Key Companies’ Capacity Additions from Planned and Announced Plants 22

1.13. Regional Capex Spending on Planned and Announced Plants 24

1.14. Key Countries Capex Spending on Planned and Announced Plants 26

2. Key Global Planned and Announced Petrochemical Plants 28

3. Appendix 40

3.1. Definitions 40

Installed Capacity 40

3.2. Abbreviations 40

3.3. Methodology 40

Coverage 40

Secondary Research 40

| Contact Us 41

List of Tables

List of Tables

Table 1: Total Petrochemical Capacity by Region (mtpa), 2021–2030 10

Table 2: Active, Planned, and Announced Petrochemical Capacity by Region (mtpa), 2022 12

Table 3: Petrochemical Capacity Share of Top 10 Companies (%), 2021 14

Table 4: Active Petrochemical Capacity of Top 10 Countries (mtpa), 2021 16

Table 5: Petrochemical Capacity of Top 10 Commodities (mtpa), 2021 17

Table 6: Planned and Announced Capacity additions by Region (mtpa), 2030 19

Table 7: Planned and Announced Capacity Additions by top 10 Countries (mtpa), 2030 21

Table 8: Planned and Announced Capacity Additions by Top 10 Companies (mtpa), 2030 23

Table 9: Total Capex Spending on Planned and Announced Plants by Region ($B), 2022-2030 25

Table 10: Total Capex Spending on Planned and Announced Plants by top 10 Countries ($B), 2022-2030 27

Table 11 : Key Global Planned and Announced Petrochemical Plants Details 28

List of Figures

List of Figures

Figure 1: Total Petrochemical Capacity by Region (mtpa), 2021-2030 9

Figure 2: Active, Planned, and Announced Petrochemical Capacity by region (mtpa), 2022 11

Figure 3: Petrochemical Capacity Share of Top 10 Companies (%), 2021 13

Figure 4: Active Petrochemical Capacity of Top 10 Countries (mtpa), 2021 15

Figure 5: Petrochemical Capacity of Top 10 Commodities (mtpa), 2021 17

Figure 6: Planned and Announced Capacity Additions by Region (mtpa), 2030 18

Figure 7: Planned and Announced Capacity Additions by top 10 Countries (mtpa), 2030 20

Figure 8: Planned and Announced Capacity Additions by Top 10 Companies (mtpa), 2030 22

Figure 9: Total Capex Spending on Planned and Announced Plants by Region ($B), 2022-2030 24

Figure 10: Total Capex Spending on Planned and Announced Plants by Top 10 Countries ($B), 2022-2030 26

Frequently Asked Questions

The global petrochemical market size was valued at 2,285.1 mtpa in 2021.

 

 

 

 

The global petrochemical market is expected to grow at a CAGR of more than 35% during the period 2021 to 2030.

China, US, India, South Korea, Saudi Arabia, Japan, Russia, Iran, Germany, and Taiwan are the key countries in the global petrochemical market.

Asia, North America, Europe, Middle East, Former Soviet Union, South America, Africa, Caribbean, and Oceania are the key regions in the global petrochemical market.

Ammonia, urea, ethylene, methanol, propylene, polyethylene, purified terephthalic acid (PTA), polypropylene, and xylenes are the key commodities in the global petrochemical market.

Reliance Industries Ltd, Haldia Petrochemicals Ltd, China Petrochemical Corp, The National Petrochemical Co, Indian Oil Corp Ltd, Tianjin Bohai Chemical Industry Co Ltd, Oriental Energy Co Ltd, Zhejiang Rongsheng Holding Group Co Ltd, and Shandong Yulong Petrochemical Ltd are the key companies in the global petrochemical market.

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