Asian countries to lead global ethylene capacity expansion by 2030
China and India will account for over 42% of additions globally.
By 2030, Asian countries are poised to take charge in global ethylene capacity expansions, according to GlobalData.
China, in particular, is expected to have a total ethylene capacity of 28.2 million tonnes per annum due to various under-construction and pre-construction projects.
China and India, combined, are projected to account for over 42% of the global ethylene capacity additions in the upcoming years.
As the top producer of plastics and electronics, China continues to dominate the global ethylene market in terms of both demand and production.
On the other hand, India's capacity expansion will be driven by rapid industrialisation and the increasing demand for ethylene from industries like packaging and automotive. By 2030, Asian countries are poised to take charge in global ethylene capacity expansions.
China, in particular, is expected to have a total ethylene capacity of 28.2 million tonnes per annum due to various under-construction and pre-construction projects.
China and India, combined, are projected to account for over 42% of the global ethylene capacity additions in the upcoming years.
As the top producer of plastics and electronics, China continues to dominate the global ethylene market in terms of both demand and production.
On the other hand, India's capacity expansion will be driven by rapid industrialisation and the increasing demand for ethylene from industries like packaging and automotive.
Iran and the US also play significant roles in global ethylene capacity additions, with the abundance of shale gas being a key driver for these countries.
By 2030, Iran is expected to add 8.69 million tonnes per annum of ethylene capacity, while Russia is projected to add 7.94 million tonnes per annum.
Iran and the US also play significant roles in global ethylene capacity additions, with the abundance of shale gas being a key driver for these countries.
By 2030, Iran is expected to add 8.69 million tonnes per annum of ethylene capacity, while Russia is projected to add 7.94 million tonnes per annum.
