GlobalData’s latest report, ‘Global Propylene Capacity and Capital Expenditure Outlook, 2022-2030 – Asia and Middle East Lead Global Propylene Capacity Additions,’ states that the global capacity is poised to see considerable growth over the upcoming years, potentially increasing from 144.16Mtpa in 2021 to 209.18Mtpa in 2030, registering total growth of 45%. Around 174 planned and announced plants are slated to come online by 2030, primarily in Asia, the Middle East, and Africa.

In Asia, the majority of capacity additions are in China, with planned and announced capacity additions of about 27.9Mtpa by 2030. Capex for these plants will total $21.49bn by 2030. Shandong Yulong Petrochemical Ltd is the top company accounting for the major capacity additions in China.

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In the Middle East, Iran leads with planned and announced capacity additions of about 4.46Mtpa by 2030. The country is expected to spend a total of $4.25bn by 2030. The National Petrochemical Co is the top company accounting for the major capacity additions in Iran.

In Africa, the majority of capacity additions are in Egypt, with planned and announced capacity additions of about 2.66Mtpa by 2030. Capex for these plants will total $3.24bn by 2030. Carbon Holdings is the top company accounting for the major capacity additions in Egypt.  

   

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In North America, the majority of propylene capacity additions are in the US, with planned and announced capacity additions of about 2.40Mtpa by 2030. Capex for these plants totals $1.71bn in the upcoming years.    

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In the Former Soviet Union (FSU), Russia plans to spend $1bn to add a capacity of about 1.10Mtpa, expected onstream by 2030. Amur GCC Blagoveshchensk Propylene Plant is the top company accounting for the major capacity additions in Russia.

In Europe, Belgium plans to spend $1.3 billion to add a capacity of about 1.5Mtpa, expected onstream by 2030. Ineos Ltd is the top company accounting for the major capacity additions in Europe.