Petrochemicals Capacity and Capital Expenditure (CapEx) Forecast by Region, Top Countries and Companies, Commodities, Key Planned and Announced Projects, 2023-2030

Pages: 35 Published: February 24, 2023 Report Code: GDCH0083MAR

Petrochemicals Market Report Overview

The global petrochemicals capacity was estimated at 2,397.09 mtpa in 2022.  Asia, the Middle East, and the Former Soviet Union are the top regions contributing to capacity additions in the upcoming years. The petrochemicals market research report provides details such as the plant’s name, and plant operator name for all planned and stalled plants globally. It offers a comparison of key regions based on their contribution to the global market.

Petrochemicals Capacity Outlook, 2022-2030 (mtpa)

Petrochemicals Capacity Outlook, 2022-2030 (mtpa)

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Major Announced Projects in the Petrochemicals Industry

Some of the major announced projects in the petrochemicals industry are Ascension Clean Energy Donaldsonville Ammonia Plant, Fujian Fuhaichuang Petrochemical Zhangzhou Purified Terephthalic Acid (PTA) Plant, Guangxi Tongkun Petrochemical Qinzhou Purified Terephthalic Acid (PTA) Plant, Reliance Industries Dahej Purified Terephthalic Acid (PTA) Plant 3, and Hainan Yisheng Petrochemical Yangpu Purified Terephthalic Acid (PTA) Plant.

Ascension Clean Energy Donaldsonville Ammonia Plant: Clean Hydrogen Works has proposed a new ammonia production plant in Louisiana, US. It is expected to come onstream by 2027.

Fujian Fuhaichuang Petrochemical Zhangzhou Purified Terephthalic Acid (PTA) Plant: Fujian Fuhaichuang Petrochemical Co Ltd has proposed a new Purified Terephthalic Acid (PTA) production plant in Fujian, China. It is expected to come on stream by 2026.

Guangxi Tongkun Petrochemical Qinzhou Purified Terephthalic Acid (PTA) Plant: Guangxi Tongkun Petrochemical Co Ltd has proposed a new Purified Terephthalic Acid (PTA) production plant in Guangxi, China. It is expected to come on stream by 2025.

Petrochemicals Industry Segmentation by Regions

The key regions in the petrochemicals industry are Asia, North America, the Middle East, Europe, Africa, the Former Soviet Union, Oceania, the Caribbean, and South America. Among regions, Asia leads with the largest capacity contribution globally over the upcoming years, followed by North America and Europe.

Petrochemicals Capacity Analysis by Regions, 2022 (%)

Petrochemicals Capacity Analysis by Regions, 2022 (%)

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Petrochemicals Industry - Competitive Landscape

Some of the leading companies in terms of global capacity contributions of petrochemicals are China Petrochemical Corp, Saudi Basic Industries Corp, Ineos Ltd, Formosa Plastics Group, China National Petroleum Corp, The Dow Chemical Co, Exxon Mobil Corp, LyondellBasell Industries NV, The National Petrochemical Co, and Shell Plc. The top 10 companies in terms of global capacity contributions of petrochemicals in 2022 were mainly national oil companies (NOCs). China Petrochemical Corp accounted for the largest capacity in 2022.

Petrochemicals Industry Analysis by Companies, 2022 (%)

Petrochemicals Industry Analysis by Companies, 2022 (%)

  To know more about the leading companies in the petrochemicals industry, download a free report sample

Petrochemicals Industry Overview

Market Size (2022) 2,397.09 mtpa
Major Announced Projects Ascension Clean Energy Donaldsonville Ammonia Plant, Fujian Fuhaichuang Petrochemical Zhangzhou Purified Terephthalic Acid (PTA) Plant, Guangxi Tongkun Petrochemical Qinzhou Purified Terephthalic Acid (PTA) Plant, Reliance Industries Dahej Purified Terephthalic Acid (PTA) Plant 3, and Hainan Yisheng Petrochemical Yangpu Purified Terephthalic Acid (PTA) Plant
Key Regions Asia, North America, The Middle East, Europe, Africa, The Former Soviet Union, Oceania, The Caribbean, and South America
Leading Companies China Petrochemical Corp, Saudi Basic Industries Corp, Ineos Ltd, Formosa Plastics Group, China National Petroleum Corp, The Dow Chemical Co, Exxon Mobil Corp, LyondellBasell Industries NV, The National Petrochemical Co, and Shell Plc

Petrochemicals Industry Regional Outlook (Capacity, mtpa, 2023-2030)

  • Asia
  • North America
  • The Middle East
  • Europe
  • Africa
  • The Former Soviet Union
  • Oceania
  • Caribbean
  • South America

Scope

  • Global petrochemicals capacity outlook by region
  • Petrochemicals planned and announced plants details
  • Capacity share of the major petrochemicals producers globally
  • Global petrochemicals capital expenditure outlook by region

Reasons to Buy

  • Understand key trends in the global petrochemicals industry
  • Identify opportunities in the global petrochemicals industry with the help of upcoming plants and capital expenditure outlook
  • Understand the current and future competitive scenario

Key Players

Reliance Industries Ltd
Haldia Petrochemicals Ltd
China Petrochemical Corp
Sibur Holding
Sherwood Energy Ltd
RusGazDobycha
Yakut Fuel and Energy Co
Oteko
Lukoil Oil Co
RiCoal
Tatneft
Irkutsk Oil Co LLC
Nakhodka Fertilizer Plant
Rushimcom LLC
Taif
MCC EuroChem
Gaz-Sintez
NGSK LLC
Ekozon Ltd
Timan-Pechora Gas Co
ESN Group
Gazprom
Mitsubishi Corp
Kada-Neftegaz LLC
GTM One
Baltic Gas Chemical Co
Marubeni Corp
China Pingmei Shenma Energy & Chemical Group Co Ltd
Shchekinoazot
Safpet LLC
Titan Group of Companies
UCP Chemicals AG
Areti International Group Ltd
SayanskKhimplast
Metafrax
Polyester Plant Ivanovo
Kazanorgsintez
NK Mangazeya LLC
Sintez OKA LLC
Rosneft Oil Co
JSFC Sistema
Novatek
China Petrochemical Corp
Independent Petroleum Co
Ammoni
Indian Farmers Fertilisers Coop Ltd
Huntsman Corp
Mubadala Investment Co
Oriental Energy Co Ltd
Dangote Industries Ltd.

Table of Contents

  • 1. Global Petrochemical Capacity and Capital Expenditure Outlook

    • 1.1. Key Highlights
    • 1.2. Major New Plant Announcements
    • 1.3. New Plant Cancellations
    • 1.4. Key Stalled Plants
    • 1.5. Global Petrochemical Capacity Contribution by Region
    • 1.6. Global Petrochemical Capacity Contribution by Active, Planned, and Announced Plants, 2023
    • 1.7. Key Companies by Petrochemical Capacity Contributions (% Share), 2022
    • 1.8. Key Countries by Active Global Capacity Contributions to Petrochemical Industry
    • 1.9. Key Commodities by Active Global Capacity Contributions to Petrochemical Industry
    • 1.10. Regional Capacity Additions from Planned and Announced Plants
    • 1.11. Key Countries’ Capacity Additions from Planned and Announced Plants
    • 1.12. Key Companies’ Capacity Additions from Planned and Announced Plants
    • 1.13. Regional Capex Spending on Planned and Announced Plants
    • 1.14. Key Countries Capex Spending on Planned and Announced Plants

  • 2. Key Global Planned and Announced Petrochemical Plants
  • 3. Appendix

    • 3.1. Definitions

      • 3.1.1. Installed Capacity

    • 3.2. Abbreviations
    • 3.3. Methodology

      • 3.3.1. Coverage
      • 3.3.2. Secondary Research

    • 3.4. Contact Us
    • 3.5. Disclaimer

  • 4. Contact Us

List of Tables

Table 1: Total Petrochemical Capacity by Region (mtpa), 2022–2030 10

Table 2: Active, Planned, and Announced Petrochemical Capacity by Region (mtpa), 2023 12

Table 3: Petrochemical Capacity Share of Top 10 Companies (%), 2022 14

Table 4: Active Petrochemical Capacity of Top 10 Countries (mtpa), 2022 16

Table 5: Petrochemical Capacity of Top 10 Commodities (mtpa), 2022 17

Table 6: Planned and Announced Capacity additions by Region (mtpa), 2030 19

Table 7: Planned and Announced Capacity Additions by top 10 Countries (mtpa), 2030 21

Table 8: Planned and Announced Capacity Additions by Top 10 Companies (mtpa), 2030 23

Table 9: Total Capex Spending on Planned and Announced Plants by Region (US$bil), 2023-2030 25

Table 10: Total Capex Spending on Planned and Announced Plants by top 10 Countries (US$bil), 2023-2030 27

Table 11: Key Global Planned and Announced Petrochemical Plants Details,2023-2030 28

List of Figures

Figure 1: Total Petrochemical Capacity by Region (mtpa), 2022-2030 9

Figure 2: Active, Planned, and Announced Petrochemical Capacity by region (mtpa), 2023 11

Figure 3: Petrochemical Capacity Share of Top 10 Companies (%), 2022 13

Figure 4: Active Petrochemical Capacity of Top 10 Countries (mtpa), 2022 15

Figure 5: Petrochemical Capacity of Top 10 Commodities (mtpa), 2022 17

Figure 6: Planned and Announced Capacity Additions by Region (mtpa), 2030 18

Figure 7: Planned and Announced Capacity Additions by top 10 Countries (mtpa), 2030 20

Figure 8: Planned and Announced Capacity Additions by Top 10 Companies (mtpa), 2030 22

Figure 9: Total Capex Spending on Planned and Announced Plants by Region (US$bil), 2023-2030 24

Figure 10: Total Capex Spending on Planned and Announced Plants by Top 10 Countries (US$bil), 2023-2030 26

Frequently Asked Questions

The petrochemicals capacity was estimated at 2,397.09 mtpa in 2022.

Some of the major announced projects in the petrochemicals industry are Ascension Clean Energy Donaldsonville Ammonia Plant, Fujian Fuhaichuang Petrochemical Zhangzhou Purified Terephthalic Acid (PTA) Plant, Guangxi Tongkun Petrochemical Qinzhou Purified Terephthalic Acid (PTA) Plant, Reliance Industries Dahej Purified Terephthalic Acid (PTA) Plant 3, and Hainan Yisheng Petrochemical Yangpu Purified Terephthalic Acid (PTA) Plant.

The key regions in the petrochemicals industry are Asia, North America, the Middle East, Europe, Africa, the Former Soviet Union, Oceania, the Caribbean, and South America.

Some of the leading companies in the petrochemicals industry are China Petrochemical Corp, Saudi Basic Industries Corp, Ineos Ltd, Formosa Plastics Group, China National Petroleum Corp, The Dow Chemical Co, Exxon Mobil Corp, LyondellBasell Industries NV, The National Petrochemical Co, and Shell Plc.

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