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Petrochemicals New Build and Expansion Project Analytics and Forecast by Project Type and Key Commodities, Region, Countries and Development Stage, 2021-2025

Globally, a total of $642.3 billion is expected to be spent on the development of new build and expansion petrochemicals projects that are expected to start operations from 2021 to 2025. Globally, 1,365 upcoming petrochemicals projects are expected to start operations during the 2021 to 2025 outlook period. Of these, 1,189 represent new build projects and 176 are expansions of existing projects.

China is expected to lead among the countries in terms of the project cost with more than $200 billion followed by India, Iran, Russia, and the US. These top five countries are expected to account for more than 75% of the total global petrochemical projects cost during the outlook period.

What are the market dynamics in the global petrochemicals new build and expansion projects market?

Polypropylene is one of the key petrochemicals expected to witness significant project starts during the 2021 to 2025 outlook period. Polyethylene and propylene would also witness substantial project starts by 2025. Methanol would be one of the key petrochemicals to witness significant capacity additions during the outlook period. Reliance Industries Jamnagar Methanol Plant in India leads in terms of production capacity among methanol projects, and is expected to start operations globally by 2025. Shandong Yulong Petrochemical Longkou Ethylene Plant 1 in China is the largest ethylene project expected to start operations globally during 2021-2025.

What are the classifications in the global petrochemicals’ new build and expansion projects by type and commodity?

Globally, petrochemicals’ new build and expansion projects are classified based on commodity type: methanol, ethylene, polypropylene, urea, propylene, polyethylene, and ammonia. 

Methanol projects outlook

Globally, 77 methanol projects are expected to start operations during the outlook period. Of these, 74 represent new build projects, and the rest three are expansion projects. About 52% of the upcoming methanol projects would be in the construction stage and are expected to start operations from 2021 to 2025. Iran leads all countries with the highest capacity additions of methanol followed by China and Russia. 16 countries are expected to collectively spend more than $65 billion on the development of new build and expansion methanol projects that are expected to start operations from 2021 to 2025. 

Ethylene projects outlook

Globally, the total number of ethylene projects that are expected to start operations during the outlook period 2021 to 2025 would be 90. Of these, 73 represent new build projects, and 17 are expansion projects. About 58% of the upcoming ethylene projects are likely to be in the construction stage and are expected to start operations from 2021 to 2025. China leads all countries with the highest capacity additions of ethylene followed by Iran and India. 20 countries are expected to collectively spend more than $70.0 billion on the development of new build and expansion ethylene projects that are expected to start operations from 2021 to 2025. 

Polypropylene projects outlook

Globally, the total number of polypropylene projects that are expected to start operations during the outlook period 2021 to 2025 would be 128. Of these, 120 represent new build projects, and 8 are expansion projects. About 52% of the upcoming ethylene projects are likely to be in the construction stage and are expected to start operations from 2021 to 2025. China leads all countries with the highest capacity additions of polypropylene followed by India and Iran. 26 countries are expected to collectively spend more than $40.0 billion on the development of new build and expansion polypropylene projects that are expected to start operations from 2021 to 2025. 

Urea projects outlook

Globally, the total number of urea projects that are expected to start operations during the outlook period 2021 to 2025 would be 49. Of these, 44 represent new build projects, and 5 are expansion projects. About 57% of the upcoming urea projects are likely to be in the construction stage and are expected to start operations from 2021 to 2025. India leads all countries with the highest capacity additions of urea followed by Russia and Iran. 19 countries are expected to collectively spend more than $30.0 billion on the development of new build and expansion urea projects that are expected to start operations from 2021 to 2025.

Propylene projects outlook

Globally, the total number of propylene projects that are expected to start operations during the outlook period 2021 to 2025 would be 99. Of these, 93 represent new build projects, and 6 are expansion projects. About 63% of the upcoming propylene projects are likely to be in the construction stage and are expected to start operations from 2021 to 2025. China leads all countries with the highest capacity additions of propylene followed by India and Iran. 22 countries are expected to collectively spend more than $50.0 billion on the development of new build and expansion propylene projects that are expected to start operations from 2021 to 2025.

Polyethylene projects outlook

Globally, the total number of polyethylene projects that are expected to start operations during the outlook period 2021 to 2025 would be 118. Of these, 114 represent new build projects, and 4 are expansion projects. About 55% of the upcoming polyethylene projects are likely to be in the construction stage and are expected to start operations from 2021 to 2025. China leads all countries with the highest capacity additions of polyethylene followed by Iran and Russia. 21 countries are expected to collectively spend more than $70.0 billion on the development of new build and expansion polyethylene projects that are expected to start operations from 2021 to 2025.

Ammonia projects outlook

Globally, the total number of ammonia projects that are expected to start operations during the outlook period 2021 to 2025 would be 71. Of these, 63 represent new build projects, and 8 are expansion projects. About 56% of the upcoming ammonia projects are likely to be in the construction stage and are expected to start operations from 2021 to 2025. India leads all countries with the highest capacity additions of ammonia followed by Russia and the US. 20 countries are expected to collectively spend more than $40.0 billion on the development of new build and expansion ammonia projects that are expected to start operations from 2021 to 2025.

Global petrochemicals projects by type

Global petrochemicals projects by type

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Market report scope

Spending on new and expansion petrochemicals projects (the Year 2021 – 2025) $642.3 billion
Global upcoming new build petrochemicals projects 1,189 from 2021-2025
Global upcoming expansion petrochemicals projects 176 from 2021-2025
Base year 2020
Petrochemicals Projects classification by type and commodity Methanol, ethylene, polypropylene, urea, propylene, polyethylene, ammonia
Outlook period 2021–2025

This report provides a comprehensive analysis of the global petrochemicals projects. 

  • Global petrochemicals projects count by type and development stage that are expected to start operations during 2021-2025
  • Global petrochemicals projects cost by type, region, key commodities, and key countries for the period 2021-2025
  • Global petrochemicals projects capacity additions by type, key commodities, and key countries for 2021-2025
  • Project outlook of key petrochemical commodities – methanol, ethylene, polypropylene, urea, propylene, polyethylene, and ammonia – that are expected to start operations during 2021-2025

Reasons to Buy

  • Understand the outlook of global petrochemicals projects that are expected to start operations during 2021-2025.
  • Keep abreast of the capacity and cost outlook of key petrochemical commodities – methanol, ethylene, polypropylene, urea, propylene, polyethylene, and ammonia.
  • Facilitate decision-making on the basis of strong petrochemicals projects data.
  • Develop business strategies with the help of specific insights on the global petrochemicals projects.
  • Assess your competitor’s planned petrochemicals projects.

Table of Contents

| About GlobalData 2

1.1 List of Tables 5

1.2 List of Figures 6

2. Global Petrochemicals New Build and Expansion Projects Outlook, 2021-2025 7

2.1 Key Highlights 7

2.2 Petrochemicals Projects Outlook by Type and Commodity 9

2.3 Petrochemicals Projects Outlook by Development Stage 10

2.4 Petrochemicals Projects Cost Outlook by Type and Region 11

2.5 Petrochemicals Projects Cost Outlook by Type and Key Countries 12

3. Methanol Projects Outlook 13

3.1 Methanol Projects Outlook by Type 13

3.2 Methanol Projects Outlook by Development Stage 14

3.3 Methanol Projects Capacity Additions Outlook by Type and Key Countries 15

3.4 Methanol Projects Cost Outlook by Type and Key Countries 16

3.5 Major Methanol Projects 17

4. Ethylene Projects Outlook 20

4.1 Ethylene Projects Outlook by Type 20

4.2 Ethylene Projects Outlook by Development Stage 21

4.3 Ethylene Projects Capacity Additions Outlook by Type and Key Countries 22

4.4 Ethylene Projects Cost Outlook by Type and Key Countries 23

4.5 Major Ethylene Projects 24

5. Polypropylene Projects Outlook 27

5.1 Polypropylene Projects Outlook by Type 27

5.2 Polypropylene Projects Outlook by Development Stage 28

5.3 Polypropylene Projects Capacity Additions Outlook by Type and Key Countries 29

5.4 Polypropylene Projects Cost Outlook by Type and Key Countries 30

5.5 Major Polypropylene Projects 31

6. Urea Projects Outlook 34

6.1 Urea Projects Outlook by Type 34

6.2 Urea Projects Outlook by Development Stage 35

6.3 Urea Capacity Additions Outlook by Type and Key Countries 36

6.4 Urea Projects Cost Outlook by Type and Key Countries 37

6.5 Major Urea Projects 38

7. Propylene Projects Outlook 41

7.1 Propylene Projects Outlook by Type 41

7.2 Propylene Projects Outlook by Development Stage 42

7.3 Propylene Projects Capacity Additions Outlook by Type and Key Countries 43

7.4 Propylene Projects Cost Outlook by Type and Key Countries 44

7.5 Major Propylene Projects 45

8. Polyethylene Projects Outlook 48

8.1 Polyethylene Projects Outlook by Type 48

8.2 Polyethylene Projects Outlook by Development Stage 49

8.3 Polyethylene Capacity Additions Outlook by Type and Key Countries 50

8.4 Polyethylene Projects Cost Outlook by Type and Key Countries 51

8.5 Major Polyethylene Projects 52

9. Ammonia Projects Outlook 55

9.1 Ammonia Projects Outlook by Type 55

9.2 Ammonia Projects Outlook by Development Stage 56

9.3 Ammonia Projects Capacity Additions Outlook by Type and Key Countries 57

9.4 Ammonia Projects Cost Outlook by Type and Key Countries 58

9.5 Major Ammonia Projects 59

10. Appendix 62

10.1 Abbreviations 62

10.2 Important Definitions 62

10.3 Market Definition 62

10.4 Methodology 62

| Contact Us 64

List of Tables

Table 1: Global petrochemicals projects outlook by type and commodity, 2021–2025 9

Table 2: Global petrochemicals projects outlook by development stage, 2021–2025 10

Table 3: Global petrochemicals projects cost outlook by region and type during 2021–2025 ($B)* 11

Table 4: Global petrochemicals projects cost outlook by type and key countries during 2021–2025 ($B)* 12

Table 5: Global methanol projects outlook by type, 2021–2025 13

Table 6: Global methanol projects outlook by development stage, 2021–2025 14

Table 7: Global methanol capacity additions outlook by type and key countries, 2021–2025 (mtpa) 15

Table 8: Global methanol projects cost outlook by type and key countries during 2021–2025 ($M)* 16

Table 9: Global methanol projects during 2021–2025 17

Table 10: Global ethylene projects outlook by type, 2021–2025 20

Table 11: Global ethylene projects outlook by development stage, 2021–2025 21

Table 12: Global ethylene capacity additions outlook by type and key countries, 2021–2025 (mtpa) 22

Table 13: Global ethylene projects cost outlook by type and key countries during 2021–2025 ($M)* 23

Table 14: Major ethylene projects during 2021-2025 24

Table 15: Global polypropylene projects outlook by type, 2021–2025 27

Table 16: Global polypropylene projects outlook by development stage, 2021–2025 28

Table 17: Global polypropylene capacity additions outlook by type and key countries, 2021–2025 (mtpa) 29

Table 18: Global polypropylene projects cost outlook by type and key countries during 2021–2025 ($M)* 30

Table 19: Major polypropylene projects during 2021-2025 31

Table 20: Global urea projects outlook by type, 2021–2025 34

Table 21: Global urea projects outlook by development stage, 2021–2025 35

Table 22: Global urea capacity additions outlook by type and key countries, 2021–2025 (mtpa) 36

Table 23: Global urea projects cost outlook by type and key countries during 2021–2025 ($M)* 37

Table 24: Major urea projects during 2021-2025 38

Table 25: Global propylene projects outlook by type, 2021–2025 41

Table 26: Global propylene projects outlook by development stage, 2021–2025 42

Table 27: Global propylene capacity additions outlook by type and key countries, 2021–2025 (mtpa) 43

Table 28: Global propylene projects cost outlook by type and key countries during 2021–2025 ($M)* 44

Table 29: Major propylene projects during 2021–2025 45

Table 30: Global polyethylene projects outlook by type, 2021–2025 48

Table 31: Global polyethylene projects outlook by development stage, 2021–2025 49

Table 32: Global polyethylene capacity additions outlook by type and key countries, 2021–2025 (mtpa) 50

Table 33: Global polyethylene projects cost outlook by type and key countries during 2021–2025 ($M)* 51

Table 34: Major polyethylene projects during 2021-2025 52

Table 35: Global ammonia projects outlook by type, 2021–2025 55

Table 36: Global ammonia projects outlook by development stage, 2021–2025 56

Table 37: Global ammonia capacity additions outlook by type and key countries, 2021–2025 (mtpa) 57

Table 38: Global ammonia projects cost outlook by type and key countries during 2021–2025 ($M)* 58

Table 39: Major ammonia projects during 2021-2025 59

List of Figures

Figure 1: Global petrochemicals projects outlook by type and commodity, 2021–2025 9

Figure 2: Global petrochemicals projects outlook by development stage, 2021–2025 10

Figure 3: Global petrochemicals projects cost outlook by key regions and type during 2021–2025 ($B)* 11

Figure 4: Global petrochemicals projects cost outlook by type and key countries during 2021–2025 ($B)* 12

Figure 5: Global methanol projects outlook by type, 2021–2025 13

Figure 6: Global methanol projects outlook by development stage, 2021–2025 14

Figure 7: Global methanol capacity additions outlook by type and key countries, 2021–2025 (mtpa) 15

Figure 8: Global methanol projects cost outlook by type and key countries during 2021–2025 ($M)* 16

Figure 9: Global ethylene projects outlook by type, 2021–2025 20

Figure 10: Global ethylene projects outlook by development stage, 2021–2025 21

Figure 11: Global ethylene capacity additions outlook by type and key countries, 2021–2025 mtpa) 22

Figure 12: Global ethylene projects cost outlook by type and key countries during 2021–2025 ($M) * 23

Figure 13: Global polypropylene projects outlook by type, 2021–2025 27

Figure 14: Global polypropylene projects outlook by development stage, 2021–2025 28

Figure 15: Global polypropylene capacity additions outlook by type and key countries, 2021–2025 (mtpa) 29

Figure 16: Global polypropylene projects cost outlook by type and key countries during 2021–2025 ($M) * 30

Figure 17: Global urea projects outlook by type, 2021–2025 34

Figure 18: Global urea projects outlook by development stage, 2021–2025 35

Figure 19: Global urea capacity additions outlook by type and key countries, 2021–2025 (mtpa) 36

Figure 20: Global urea projects cost outlook by type and key countries during 2021–2025 ($M)* 37

Figure 21: Propylene projects outlook by type, 2021–2025 41

Figure 22: Global propylene projects outlook by development stage, 2021–2025 42

Figure 23: Global propylene capacity additions outlook by type and key countries, 2021–2025 (mtpa) 43

Figure 24: Global propylene projects cost outlook by type and key countries during 2021–2025 ($M)* 44

Figure 25: Global polyethylene projects outlook by type, 2021–2025 48

Figure 26: Global polyethylene projects outlook by development stage, 2021–2025 49

Figure 27: Global polyethylene capacity additions outlook by type and key countries, 2021–2025 (mtpa) 50

Figure 28: Global polyethylene projects cost outlook by type and key countries during 2021–2025 ($M)* 51

Figure 29: Global ammonia projects outlook by type, 2021–2025 55

Figure 30: Global ammonia projects outlook by development stage, 2021–2025 56

Figure 31: Global ammonia capacity additions outlook by type and key countries, 2021–2025 (mtpa) 57

Figure 32: Global ammonia projects cost outlook by type and key countries during 2021–2025 ($M) * 58

Frequently Asked Questions

A total of $642.3 billion is expected to be spent on the development of new build and expansion of petrochemicals projects during the period 2012-2025.

China is expected to lead among the countries in terms of the project cost with more than $200 billion followed by India, Iran, Russia, and the US.

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