Global propylene capacity is poised to see considerable growth between 2023 and 2027, potentially increasing from 150.05mtpa (million tonnes per annum) in 2022 to 208.97mtpa, a total growth of 39%. 158 planned and announced propylene projects are expected to come online, predominantly in Asia, followed by the Middle East.
Asia is expected to add a capacity of 39.44mtpa from 65 new build planned and announced projects. Five planned expansions of existing propylene projects will add a capacity of 0.32mtpa.
Within Asia, China leads with the largest capacity additions, with a capacity of 29.51mtpa from 45 planned and announced projects. The main capacity addition will be from a planned project, Shandong Yulong Petrochemical Longkou Propylene Plant 1, with a capacity of 2.30mtpa. It is expected to commence production of propylene in 2024.
The Middle East follows next with a capacity of 8.03mtpa from 20 new-build planned and announced projects. The expansion of one announced project will also add a capacity of 0.10mtpa. Advanced Petrochemical Company Al-Jubail Propylene Plant 2, a planned project in Saudi Arabia, leads with a capacity of 0.85mtpa and is expected to come online in 2025.
Further details can be found in GlobalData’s new report, Propylene Industry Installed Capacity and Capital Expenditure (CapEx) Market Forecast by Region and Countries including details of All Active, Planned and Announced Projects to 2027.
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