GlobalData
GlobalData

Oil & Gas

Massive industrial demand to spur China to lead global polypropylene capacity additions through 2030, says GlobalData

China is poised to significantly expand its polypropylene production capacity by 2030, owing to its massive demand from automotive, packaging, and construction industries. Accounting for about 40% of the expected capacity additions worldwide by 2030, China is expected to be the dominant player in the global polypropylene production, according to GlobalData, a leading data and […]
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China to account for 60% of upcoming petrochemicals project starts in Asia by 2030, says GlobalData

Asia is poised to dominate the global petrochemicals projects landscape, representing for nearly two-thirds of the projects slated to commence operations by the end of the decade. China is likely to account for more than 60% of them, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Petrochemicals New-Build and Expansion Projects […]
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Low-carbon ammonia and methanol hold potential in energy transition but face uncertain outlook, says GlobalData

Ammonia and methanol are being promoted as low-carbon fuels and hydrogen carriers to support the global energy transition. They are currently being evaluated as alternatives for clean shipping, power generation, and long-distance hydrogen transport. However, despite strong interest, their large-scale adoption remains slow due to uncertainty in demand outlook in a price-sensitive market, says GlobalData, […]
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China to lead global methylene diphenyl diisocyanate capacity additions through 2030, says GlobalData

China is poised to significantly expand its methylene diphenyl diisocyanate (MDI) production capacity by 2030, driven by heavy demand for MDI from various sectors such as construction, automotive and electronics industries. Accounting for 65% of the expected capacity additions worldwide by 2030, China is further strengthen its position as the leading player in the global […]
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China to account over 70% of global acrylonitrile capacity additions by 2030, forecasts GlobalData

China is poised to significantly expand its acrylonitrile production capacity by 2030, backed by strong demand from the automotive and manufacturing sectors. With over 70% of the planned capacity additions worldwide, China is positioning itself as the dominant player in the global market, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, […]
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Asia to dominate global CDU capacity additions through 2030, forecasts GlobalData

The global conventional refining industry is anticipated to expand considerably from 2025 to 2030, fueled by increasing energy demands from emerging markets and strategic investments in refining infrastructure. Consequently, the capacity additions of crude distillation units (CDUs) are accelerating globally, with Asia projected to lead these expansions across all regions through 2030, says GlobalData, a […]
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Hydrogen economy development enters critical phase, says GlobalData

The hydrogen economy has recently experienced some hiccups in its growth story. Apparently, demand for this commodity is not rising at the pace it was envisaged back in 2020 when companies had aggressively announced their energy transition plans. As more industries, such as steel, transportation, and power, try to decarbonize their operations, the demand for […]
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