12 Nov 2021
Posted in Oil & Gas
Asia to dominate global bisphenol A capacity additions by 2025, says GlobalData
Asia is expected to dominate the bisphenol A (BPA) capacity additions with a capacity of 2.09 mtpa by 2025. China accounts for 55% of capacity additions within Asia and the country is expected to lead the global BPA capacity additions by 2025, says GlobalData, a leading data and analytics company.
GlobalData’s report, ‘Global Bisphenol A Industry Outlook to 2025 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants’ reveals that BPA capacity is poised to see considerable growth over the next five years, potentially increasing from 7.72 (million tonnes per annum) mtpa in 2020 to 9.92 mtpa in 2025, registering total growth of 29%.
Teja Pappoppula, Oil and Gas Analyst at GlobalData, says: “China leads the capacity additions in Asia with a capacity of 1.15 mtpa by 2025. Major capacity additions will be from three planned projects Hainan Huasheng New Material Technology Company Dongfang Bisphenol A Plant 1, Jiangsu Ruisheng New Material Technology Company Lianyungang Bisphenol A Plant and Qingdao Haiwan Chemical Qingdao Bisphenol A Plant with the capacity of 0.24 mtpa each by 2025.”
GlobalData identifies India as the second highest contributor in terms of BPA capacity additions with a capacity of 0.54 mtpa by 2025. Majority of the capacity additions will be from an announced project, Reliance Industries Jamnagar Bisphenol A Plant, contributing capacity of 0.50 mtpa by 2024.
South Korea will be the third highest country in terms of capacity additions with the capacity of 0.20 mtpa by 2025. Entire capacity additions will be from Lotte-GS Chemical Yeosu Bisphenol A Plant and capacity is expected to be added by 2023.
Reliance Industries Ltd, Jiangsu Ruisheng New Material Technology Co Ltd and Hainan Huasheng New Material Technology Co Ltd will be the top three companies globally in terms of planned and announced capacity additions over the outlook period.