Asia is poised to spearhead the global acrylonitrile butadiene styrene (ABS) capacity additions by 2030 mainly due to its escalating demand from the automotive, electronics, and construction industries. The durability, versatility, and cost-effectiveness of ABS makes it a preferable choice across multiple sectors, thus spurring the region to expand its capacity.
Asia is anticipated to add an ABS production capacity of 3.43 million tonnes per annum (mtpa) during 2025 to 2030 from ten planned and two announced projects. China, Vietnam, and India are the only countries that account for the entire capacity additions in the region. China is poised to lead, with a capacity of 3.05mtpa from eight upcoming projects by 2030.
The highest capacity additions in the region are expected from two projects in China, each with a capacity of 0.60mtpa. One of these projects is in Jilin province - 'Jilin Petrochemical Company Jilin ABS Plant 5' while the other project is in Fujian - 'Sinochem Quanzhou Petrochemical Quanzhou ABS Plant'. Both are expected to start operations this year.
In Vietnam, the entire capacity additions are expected from an announced project in Hai Phong, 'Stavian Hai Phong ABS Plant', which has a nameplate capacity of 0.20mtpa.
As for India, the capacity additions are likely to be from three projects, two of which are being planned by Supreme Petrochem in the Maharashtra state, each with a capacity of 0.07mtpa. The remaining project is in the Madhya Pradesh state and is expected to come online next year with a capacity of 0.04mtpa.
Other than Asia, Europe is the only other region that is expected to witness capacity additions by 2030. The capacity addition in Europe is from a planned project in Italy - 'Versalis Mantova ABS Plant 2'. Located in Mantova, this project is expected to commence operations this year with a capacity of 0.03mtpa. Further details of global ABS capacity and capital expenditure analysis can be found in leading data and analytics company GlobalData’s new report, ‘Acrylonitrile-Butadiene-Styrene (ABS) Industry Capacity and Capital Expenditure Forecasts with Details of Active and Planned Plants to 2030’.
