Receive our newsletter – data, insights and analysis delivered to you
  1. Comment
October 22, 2021

Asia set to drive global ABS capacity additions by 2025

Global ABS capacity could see total growth of 27%, reaching 14.51mtpa, over the next five years.

By GlobalData Energy

Global ABS capacity is poised to see considerable growth over the next five years, potentially increasing from 11.38mtpa in 2020 to 14.51mtpa in 2025, registering total growth of 27%.

GlobalData’s latest report, ‘Global Acrylonitrile-Butadiene-Styrene (ABS) Industry Outlook to 2025 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants’ states that around 11 planned and announced plants are slated to come online, primarily in Asia and the Middle East.

Within Asia, China has five planned propylene capacities, with a total capacity of about 2.60mtpa by 2025. The country is expected to spend a capital expenditure (capex) of $2.46bn. Major capacity additions will be from a planned project, Shandong Yulong Petrochemical Longkou ABS Plant.

The Middle East has one planned project. Jam Petrochemical Company Assaluyeh ABS Plant contributes 0.20mtpa by 2021. The capex for the plant is $0.08bn.

In North America, Mexico has one planned project with the capacity additions of about 0.07mtpa. The country is expected to spend a total of $0.03bn. The entire capacity additions will be from a planned project, INEOS Styrolution Mexicana Altamira ABS Plant.

Ineos, Shandong Yulong Petrochemical and China National Petroleum will be the top three companies globally in terms of planned and announced capacity additions over the upcoming years.

Content from our partners
Green investment: What gives Scotland multiple advantages
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU