Petrochemicals Capacity and Capital Expenditure Forecast by Region, Top Countries and Companies, Commodities, Projects to 2030
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Petrochemicals Capacity and Capital Expenditure 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. Asia has more than 800 planned and announced plants, of which China has more than 400 by 2030. Capital expenditure (capex) for these plants in China is estimated to be more than US$184 billion by 2030. China Petrochemical Corp is the top company accounting for the major capacity additions in China.
The petrochemicals market research report provides details such as the plant’s name, and plant operator name for all planned and stalled plants globally. The petrochemicals capacity and capital expenditure analysis report also offer a comparison of key regions based on their contribution to the global market.
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 led with the largest capacity contribution globally over the upcoming years, followed by North America and Europe in 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 (%)
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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
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
Frequently asked questions
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What was the petrochemicals industry capacity in 2022?
The petrochemicals capacity was estimated at 2,397.09 mtpa in 2022.
-
What are the 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.
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Which are the key regions in the petrochemicals industry?
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.
-
Which are the leading companies in the petrochemicals industry?
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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