Asia is set to lead the global polypropylene industry capacity additions accounting for a share of 72% by 2027, with the addition of capacities from new-build and expansion projects between 2023 and 2027.
According to GlobalData report the total polypropylene capacity of new-build and expansion projects in Asia is expected to be 43.33 million tonnes per annum (mtpa) by 2027. Increased demand for polypropylene in packaging and automotive industry is the key factor for the polypropylene industry growth in Asia.
Nivedita Roy, Oil and Gas Analyst at GlobalData, said: “For the upcoming new build projects, the region is expected to add a capacity of 42.95mtpa from 84 planned and announced projects, whereas, for the expansion of the existing polypropylene projects, the region is expected to add a capacity of 0.38mtpa from four planned projects.”
China and India are the key countries in Asia in terms of polypropylene capacity additions. The main capacity addition in China will be from an announced project, North Huajin Refining and Petrochemical Liaoning Polypropylene Plant, with a capacity of 1mtpa. It is expected to commence production of polypropylene in 2027.
Nivedita concludes: “In India, the main capacity addition will be from an announced project, Reliance Industries Jamnagar Polypropylene Plant 3, with a capacity of 5.20mtpa. It is expected to come online by 2026.”