Asian countries are expected to dominate the global polyolefins capacity additions.
China and India together account for approximately 47% of the global upcoming polyolefins capacity additions.
Within Asia, China and India are expected to contribute more than 80% of the regional capacity additions.
Expanding population, higher incomes, and rising consumption of consumer goods are expected to drive capacity expansions in these countries.
Growing demand for convenient packaging and other various sectors such as the automotive and electronics industries will drive capacity expansions, going forward.
See Also:
Population growth coupled with urbanisation is driving the consumption of products made from polyolefins and is in turn driving capacity additions.
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By GlobalDataFor other countries such as Iran, Russia, and the US, feedstock advantage plays an important role for capacity additions.
Further details of polyolefins can be found in leading data and analytics company GlobalData’s new report, Polyolefins Market Analysis and Forecast by Products, Capacity Additions, Top Countries and Active and Upcoming Projects to 2030.
