Energies Media
  • Magazine
    • Digital Magazine
    • Digital Magazine Archive
  • Features
  • Upstream
  • Midstream
  • Downstream
  • Renewable
    • Solar
    • Wind
    • Hydrogen
    • Nuclear
  • People
  • Events
  • Advertise
No Result
View All Result
Energies Media
No Result
View All Result

Asia to Account for Half of Global Petrochemical Capacity Additions by 2030

by Energies Media Staff
January 10, 2020
in News, Oil and Gas News, Petrochemical
sia to account for half of global petrochemical capacity additions by 2030

Texas Consultancy Develops AI to Address Project Challenges in the U.S. Energy Sector

A Critical Mineral at a Critical Moment: The Importance of Restoring Domestic Tungsten Production in the U.S.

Asia is expected to lead the global petrochemical industry capacity growth from new-build and expansion projects between 2019 and 2030 with 50 percent share, according to GlobalData, a leading data and analytics company.

The company’s report ‘H2 2019 Global Petrochemicals Capacity and Capital Expenditure Outlook – China Leads Global Petrochemical Capacity Additions’ reveals that the total petrochemical capacity of new-build and expansion projects in Asia is expected to be 311.4 million tonnes per annum (mtpa) by 2030. Of this capacity addition, 292.3 mtpa will come from new-build projects and the remaining 19.1 mtpa will come from expansion projects.

Dayanand Kharade, Oil and Gas Analyst at GlobalData, explains: “Asia will continue to dominate the global petrochemicals market with both the biggest number of new projects and the largest absolute capacity expansion driven by growing economies in the region i.e., China and India.”

InventU
InventU

sia to account for half of global petrochemical capacity additions by 2030

The Middle East is expected to have the second highest petrochemical capacity additions globally, behind Asia. The region contributes about 121.2 mtpa of the total global new-build and expansion petrochemical capacity additions by 2030. Major capacity additions for the Middle East will be from Iran, with a new-build and expansion capacity additions of 75.9 mtpa, by 2030.

North America stands third, with new-build and expansion petrochemical capacity of 81.2 mtpa by 2030. Of these, most of the petrochemical capacity additions will come from new-build projects.

About GlobalData 

4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, technology, energy, financial and professional services sectors.

Author Profile
Energies Media Staff
Website
Author Articles
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    Drones
    September 8, 2025
    Revolutionizing Renewable Energy with Advanced Drone Technology
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    Global Shale Oil and Gas Landscape Set for Growth Beyond US
    August 26, 2025
    Global Shale Oil and Gas Landscape Set for Growth Beyond US
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    E-Fuels
    August 13, 2025
    2nd Annual World E-Fuels Summit
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    What Happens to Solar and Wind Systems During Natural Disasters?
    August 6, 2025
    What Happens to Solar and Wind Systems During Natural Disasters?
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    ship on body of water at night
    August 1, 2025
    Industry leaders to speak at Wood Mackenzie’s Carbon Capture, Utilization and Storage Conference 2025
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    ROGII and NRGX Technologies Ltd. Partner to Deliver Seamless LAS Data Integration for Upstream Workflows
    July 31, 2025
    ROGII and NRGX Technologies Ltd. Partner to Deliver Seamless LAS Data Integration for Upstream Workflows
BIO
ADIPEC

In This Issue

Energies Media Summer 2025

ENERGIES Media (Summer 2025)


The Hidden Value in Waste Oil: A Sustainable Solution for the Future


NeverNude Coveralls: A Practical Solution for Everyday Dignity


Dewey Follett Bartlett, Jr.: Tulsa’s Champion of Independents


Bringing Safety Forward in Offshore Operations


U.S. Oil Refineries Face Critical Capacity Test Amid Rising Demand


Maximizing Clean Energy Tax Credits Under the Inflation Reduction Act


Moving Energy Across Space and Time


ENERGIES Cartoon (Summer 2025)


Letter from the Managing Editor (Summer 2025)


Meeting Emergency Preparedness and Response Criteria


How to Deploy Next-Gen Energy Savers Without Disrupting Operations


Energies Media Interactive Crossword Puzzle – Summer 2025


Why Energy Companies Need a CX Revolution

E-Fuels
TAMU
  • Terms
  • Privacy

© 2025 by Energies Media

No Result
View All Result
  • Magazine
    • Digital Magazine
    • Digital Magazine Archive
  • Features
  • Upstream
  • Midstream
  • Downstream
  • Renewable
    • Solar
    • Wind
    • Hydrogen
    • Nuclear
  • People
  • Events
  • Advertise

© 2025 by Energies Media