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 Announced Projects, 2022-2030,” reveals that the total propylene capacity of new-build and expansion projects in Asia will reach 42.1 million tonnes per annum (mtpa) in 2030. Out of this, 41.8 mtpa is expected to come from new-build projects and the remaining capacity from expansion projects.

Sudarshini Ennelli, Oil and Gas Analyst at GlobalData, comments: “Asia will continue to lead the global propylene market with a larger number of new projects driven by key economies in the region, including China.”

The Middle East is expected to have the second highest propylene capacity additions globally. The region will account for about 8.7 mtpa of the total global new-build and expansion propylene capacity additions by 2030. Iran will be a major contributor to the capacity additions in the Middle East, by adding 4.5 mtpa capacity from new-build and expansion projects by 2030.

With a new-build and expansion petrochemical capacity of 4.9 mtpa by 2030, Africa will have the third highest propylene capacity additions globally. A significant part of the propylene capacity additions in the region will come from new-build projects.