View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Comment
September 21, 2022

Asia to lead the Global Purified Terephthalic Acid Capacity Additions by 2026

Within Asia, China leads with the largest capacity additions.

By GlobalData Energy

Global Purified Terephthalic Acid (PTA) capacity is poised to see considerable growth over the next five years, potentially increasing from 103.59 million tonnes per annum (Mtpa) in 2021 to 140.37Mtpa in 2026 at an AAGR of 6.1%.

GlobalData’s latest report, ‘Global Purified Terephthalic Acid (PTA) Industry Outlook to 2026 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants’ states that for the upcoming new build projects, Asia is expected to add a capacity of 28.0Mtpa from 14 planned and announced projects. Whereas for the expansion projects, the region is expected to add a capacity of 0.15Mtpa from one planned project.

Within Asia, China leads with the largest capacity additions, with a capacity of 19.40Mtpa from nine planned and announced projects. The country is expected to spend a capital expenditure (capex) of $11.29 billion. Major capacity additions will be from Sinopec Oilfield Service Corporation Yizheng Purified Terephthalic Acid (PTA) Plant 3, Brunei Hengyi Industries Pulau Muara Besar Purified Terephthalic Acid (PTA) Plant, Dongying Weilian Chemical Dongying Purified Terephthalic Acid (PTA) Plant, Hengli Petrochemical Huizhou Purified Terephthalic Acid (PTA) Plant 1, Hengli Petrochemical Huizhou Purified Terephthalic Acid (PTA) Plant 2, Jiangsu Jiatong Energy Nantong City Purified Terephthalic Acid (PTA) Plant 1, and Jiangsu Jiatong Energy Nantong City Purified Terephthalic Acid (PTA) Plant 2.

The Middle East follows next and, for the new build projects, the region is expected to add a capacity of 6.50Mtpa from five planned projects. There are no expansion projects in the region. In the Middle East, Turkey is expected to contribute approximately 4.00Mtpa from three planned and announced projects. The major capacity contribution will be from two planned projects, namely the Sasa Polyester Sanayi Adana Purified Terephthalic Acid (PTA) Plant, and the Sasa Polyester Sanayi Yumurtalik Purified Terephthalic Acid (PTA) Plant 1, that are expected to come online in 2023.

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

Thank you for subscribing to Offshore Technology