Global Polypropylene capacity is poised to see considerable growth over the next five years, potentially increasing from 85.57 mtpa in 2020 to 136.79 mtpa in 2025, registering total growth of 60%.
GlobalData’s latest report, ‘Global Polypropylene Industry Outlook to 2025 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants states that around 146 planned and announced plants are slated to come online primarily in Asia.
Within Asia, China has 46 planned and announced polypropylene plants, with a total capacity of about 19.02 mtpa by 2025. The country is expected to spend a capital expenditure (capex) of US$9.07 billion. Major capacity additions will be from, Zhejiang Petrochemical Daishan Polypropylene Plant 2.
In the Middle East, Turkey is the highest contributor with the capacity additions of about 1.55 mtpa by 2025. The country is expected to spend a total of US$1.45 billion. Major capacity additions will be from, MetCap Petrochemicals Trakya Polypropylene Plant with 0.62 mtpa of capacity expected to be added in 2025. Reliance Industries Ltd, Oriental Energy Co Ltd and Indian Oil Corp Ltd will be the top three companies globally in terms of planned and announced capacity additions over the upcoming years.