View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Comment
October 14, 2021

Asia to lead global expandable polystyrene capacity additions by 2025

GlobalData’s latest report states that around three planned and announced plants are slated to come online in Asia and the Middle East.

By GlobalData Energy

Global expandable polystyrene (EPS) capacity is poised to see considerable growth over the next five years, potentially increasing from 10.57mtpa in 2020 to 10.92mtpa in 2025, registering total growth of 3%.

GlobalData’s latest report, ‘Global Expandable Polystyrene (EPS) Industry Outlook to 2025 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants’, states that around three planned and announced plants are slated to come online in Asia and the Middle East.

Within Asia, India is the only country with one planned and one announced EPS plant, with a total capacity of about 0.18mtpa by 2025. The country is expected to spend a capital expenditure (capex) of $54.25m. Major capacity additions will be from Supreme Petrochem Nagothane EPS Plant 2.

In the Middle East, only Iran has one planned project, with capacity additions of about 0.12mtpa by 2025. The country is expected to spend a total of $46.08m. Dalahoo Kimiya Industry Company Assaluyeh EPS Plant is the only plant accounting for the entire capacity additions in the country.

Supreme Petrochem, Kimiya Sanaye Dalahoo and LG Chem will be the three companies globally in terms of planned and announced capacity additions over the upcoming years.

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