Asia to dominate global xylene capacity additions with 85% share through 2026, reveals GlobalData

Asia is set to lead the global xylene industry capacity additions from new-build and expansion projects with a share of 85% between 2022 and 2026, forecasts GlobalData, a leading data and analytics company.

GlobalData’s latest report, ‘Xylene Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All Active Plants, Planned and Announced Projects, 2022-2026’, reveals that the total xylene capacity of new-build and expansion projects in Asia is expected to be 33.26 million tons per annum (mtpa) through 2026.

Sudarshini Ennelli, Oil and Gas Analyst at GlobalData, says: “For the upcoming new build projects, Asia is expected to add a capacity of 32.50 mtpa from 22 new build planned and announced projects. For the expansion projects, the region is expected to add a capacity of 0.76 mtpa from four planned and announced projects.”

China, South Korea, India, Japan, and Taiwan will be the major countries in Asia in terms of xylene capacity. In 2021, Honeywell UOP Xylene Technology was the dominant technology used for xylene production in the region.

Ennelli concludes: “The key plants using Honeywell UOP Xylene Technology are Zhejiang Petrochemical Daishan Xylene plant 1, Formosa Chemicals & Fibre Corporation Mailiao Xylene Plant 1, and Reliance Industries Jamnagar Xylene Plant 2.”

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