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US crude oil production has grown steadily in 2022 thanks to increased energy demand in the US and internationally. GlobalData notes that the majority of this production has been conducted in the Lower 48 (L48) region, which represented nearly three-fourths of total production. The leading data and analytics company notes that this upward swing is […]
Asia to dominate global ethylene glycol capacity additions by 2026, forecasts GlobalData
Asia is set to lead the global ethylene glycol (EG) industry capacity additions with a share of 75% by 2026 from new-build and expansion projects between 2022 and 2026, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report ‘Ethylene Glycol (EG) Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries […]
China to dominate polyethylene terephthalate capacity additions in Asia through 2026, forecasts GlobalData
China is set to register the highest polyethylene terephthalate (PET) capacity additions in Asia between 2022 and 2026, contributing about 51% of the region’s capacity additions by 2026, as growing packaging, electricals, and electronics sectors will create an increased demand for PET in the country, says GlobalData, a leading data and analytics company. GlobalData’s latest […]
Oil and gas leaders taking measured steps for energy transition, says GlobalData
The oil and gas industry leaders are steadily incorporating transition fuels as well as low-carbon and zero-carbon energy sources into their portfolios, as their contributions are pivotal for a successful energy transition and mitigation of carbon emissions, says GlobalData, a leading data and analytics company. GlobalData’s thematic report, “Energy Transition in Oil & Gas,” reveals […]
The number of oil and gas contracts globally declined by 7% in Q3 2022, says GlobalData
The overall number of contracts in the oil and gas industry declined by 7% in Q3 2022, decreasing from 1,662 in Q2 2022 to 1,542 in Q3 2022, says GlobalData, a leading data and analytics company. According to GlobalData’s latest report, ‘Oil and Gas Industry Contracts Analytics by Sector (Upstream, Midstream and Downstream), Region, Planned […]
Asia to dominate global polyethylene terephthalate capacity additions through 2026, forecasts GlobalData
Asia is set to lead the global polyethylene terephthalate (PET) industry capacity additions with a share of 58% by 2026 from new-build and expansion projects between 2022 and 2026, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report “Polyethylene Terephthalate (PET) Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries […]
India and China to drive Asia LNG regasification capacity additions through 2026, says GlobalData
India and China will drive the liquefied natural gas (LNG) regasification capacity additions in Asia between 2022 and 2026, as the two countries step up imports of natural gas to reduce carbon emissions. Together, the two countries will account for 55% of the region’s total capacity additions by 2026 through new build and expansion projects, […]
Oil and gas companies restructure business models to adopt new energy transition technologies, says GlobalData
The COVID-19 pandemic not only brought about an unprecedented demand shock for the oil and gas sector, but also brought new momentum to the energy transition. Oil and gas companies are carving out their own energy transition paths by investing in technologies, initiatives, and partnerships to accelerate the shift towards green and renewable energy, says […]
China to dominate acrylonitrile butadiene styrene capacity additions in Asia through 2026, forecasts GlobalData
China is set to register the highest acrylonitrile butadiene styrene (ABS) capacity additions in Asia between 2022-2026, due to the growing demand for the low-cost thermoplastic polymer from the country’s automobile manufacturing sector, which is the world’s largest. The country will account for about 93% of the region’s ABS capacity additions by 2026, estimates GlobalData, […]
Asia to lead global acrylonitrile butadiene styrene capacity additions through 2026, forecasts GlobalData
Asia is set to lead the global acrylonitrile butadiene styrene (ABS) industry capacity additions with a share of 89% by 2026, by gaining capacities from new-build and expansion projects between 2022 and 2026, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report “Acrylonitrile Butadiene Styrene Industry Installed Capacity and CapEx Forecast by Region […]
Germany to continue to secure gas supplies by leading LNG regasification capacity additions in Europe through 2026, says GlobalData
Germany’s reliance on Russian gas and the need to find alternate supplies given the current geopolitical situation between the two countries has set Germany on a course to the highest liquefied natural gas (LNG) consumption in Europe. The country, which previously relied on pipelines from Russia to meet its natural gas needs, is now looking […]
China to lead LNG regasification capacity additions in Asia through 2026, says GlobalData
China is set to register the highest liquefied natural gas (LNG) regasification capacity additions in Asia between 2022 and 2026, accounting for a share of about 34% of the region’s total capacity additions by 2026, says GlobalData, a leading data and analytics company. GlobalData’s report, “LNG Industry (Liquefaction and Regasification) Capacity and Capital Expenditure (CapEx) […]
Iran to dominate styrene-butadiene rubber capacity additions in Middle East through 2026, forecasts GlobalData
Iran is set to lead the styrene-butadiene rubber (SBR) capacity additions in the Middle East, contributing to 100% of the region’s capacity additions in 2026, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Styrene-Butadiene-Rubber (SBR) Industry Installed Capacity and Capital Expenditure (CapEx) Market, 2022-2026”, reveals that Iran is expected to add a […]
India to see second highest LNG regasification capacity additions in Asia through 2026, says GlobalData
India is set to register the second highest LNG regasification capacity additions in Asia between 2022 and 2026, accounting for about 21% of the region’s total capacity additions by 2026, says GlobalData, a leading data and analytics company. GlobalData’s report, “LNG Industry (Liquefaction and Regasification) Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries, […]
India to see second highest propylene capacity additions in Asia through 2030, forecasts GlobalData
India is set to register the second highest propylene capacity additions in Asia, contributing about 19% share of the region’s capacity additions by 2030, estimates GlobalData, a leading data and analytics company. GlobalData’s report, “Propylene Market Capacity and Capital Expenditure (CapEx) Forecast by Region, Top Countries and Companies, Feedstock, Key Planned and Announced Projects, 2022-2030,” […]
Asia to lead global propylene capacity additions through 2030, forecasts GlobalData
Asia is set to lead the global propylene industry capacity additions with a share of 67% through 2030, as it adds capacities from new-build and expansion projects, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, “Propylene Market Capacity and Capital Expenditure (CapEx) Forecast by Region, Top Countries and Companies, Feedstock, Key Planned and […]
India to lead styrene-butadiene rubber capacity additions in Asia through 2026, forecasts GlobalData
India is set to lead the styrene-butadiene rubber (SBR) capacity additions in Asia, contributing to about 98% of the region’s capacity additions in 2026, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Styrene-Butadiene-Rubber (SBR) Industry Installed Capacity and Capital Expenditure (CapEx) Market Forecast by Region and Countries including details of All Active […]
Asia to dominate global styrene-butadiene rubber capacity additions through 2026, forecasts GlobalData
Asia is set to lead the global styrene-butadiene rubber (SBR) industry capacity additions with a share of 98%, driven by the addition of capacities from new-build and expansion projects between 2022 and 2026, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report “Styrene-Butadiene-Rubber (SBR) Industry Installed Capacity and Capital Expenditure (CapEx) Market Forecast […]
Asia to dominate the global Vinyl Chloride Monomer (VCM) capacity additions by 2026, says GlobalData
Asia is expected to lead the global VCM industry capacity additions from new-build and expansion projects by 2026 with a share of 66% between 2022 and 2026, forecasts GlobalData. The leading data and analytics company’s latest report, ‘Vinyl Chloride Monomer (VCM) Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details […]
Oil and gas industry to drive global drone market to $89.6 billion in 2030, forecasts GlobalData
The global drone market is set to grow from $13.7 billion in 2021 to $89.6 billion in 2030. The market share of commercial drones is expected to increase from 34% to 64% during the period, aided by significant adoption in the oil and gas industry, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest […]