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January 13, 2022updated 24 Jan 2022 10:21am

Asia to lead global polycarbonate capacity additions by 2025

According to GlobalData, the majority of polycarbonate capacity additions are to come primarily from Asia, followed by the Former Soviet Union.

By GlobalData Energy

Global Polycarbonate capacity is poised to see considerable growth over the next five years, potentially increasing from 6.10Mtpa in 2020 to 9.28Mtpa in 2025, registering total growth of 52%.

GlobalData’s latest report, ‘Global Polycarbonate Industry Outlook to 2025 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants,’ states that around 13 planned and announced plants are slated to come online primarily in Asia, followed by the Former Soviet Union.

Within Asia, China has 11 planned and announced polycarbonate capacity additions, with a total capacity of about 1.93Mtpa by 2025. The country is expected to spend a capital expenditure (CAPEX) of $1.64bn. The majority of capacity additions are from the Shenma Industrial Company Kaifeng Polycarbonate Plant and the Shenma Industrial Company Pingdingshan Polycarbonate Plant, with a capacity of 0.40Mtpa each. They are expected to commence production of Polycarbonate in 2022. The former Soviet Union has two planned and announced projects and major capacity additions will be from the Kazanorgsintez Kazan Polycarbonate Plant. The CAPEX for the plant is $0.06bn by 2025.

Shenma Industrial Co Ltd, Reliance Industries Ltd and Covestro AG will be the top three companies globally in terms of planned and announced capacity additions over the upcoming years.

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