Styrene Industry Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All Active Plants, Planned and Announced Projects, 2022-2026

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Published: July 28, 2022 Report Code: GDCH01233ICR-ST

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Styrene Industry Capacity and Capital Expenditure Market Report Overview

The global styrene industry capacity was 39.65 mtpa in 2021. The market is expected to achieve an AAGR of more than 5% during 2021-2026. China, the US, South Korea, the Netherlands, and Japan are the key countries in the world accounting for the dominant part of the total styrene capacity.

Styrene Industry Capacity and CapEx Outlook 2021-2026 (mtpa)

Styrene Industry Capacity and CapEx Outlook 2021-2026 (mtpa)

The report provides Styrene industry details such as the plant’s name, status, and plant operator name for all active, planned, announced, suspended, and decommissioned plants globally by region and country for the period 2016–2026. The report also provides global and regional capital expenditure outlook by key countries, year on year, till 2026. The report offers a comparison of key countries based on contribution to global as well as regional plant capacities. The report also provides the installed plant capacity by production process and technology for the global Styrene industry in 2021. Further, the report offers, planned and announced Styrene plants along with the development stages for the period 2022–2026.

Market volume (2021) 39.65 mtpa
AAGR (2021-2026) >5%
Major Planned and Announced Projects INEOS Styrolution La Porte Styrene Plant, Petrochina Pdvsa Guandong Petrochemical Jieyang Styrene Plant, Shandong Yulong Petrochemical Longkou Styrene Plant, Indian Oil Corporation Paradip Styrene Plant, Haldia Petrochemicals Kakinada Styrene Plant, Lianyungang Petrochemical Lianyungang Styrene Plant, Ningbo ZRCC Lyondell Chemical Ningbo Styrene Plant 2, Zhenhua Petrochemical Dongying Styrene Plant, Sinochem Quanzhou Petrochemical Quanzhou Styrene Plant, and Abel Chemical (Jiangsu) Taixing Styrene Plant 2
Key Regions Asia, Europe, the Former Soviet Union, the Middle East, North America, South America, and Africa
Key Companies Shell plc, China Petrochemical Corp, Ineos Ltd, TotalEnergies SE, LyondellBasell Industries NV, Saudi Basic Industries Corp, China National Petroleum Corp, Formosa Plastics Group, and Trinseo SA
Key Countries China, the US, South Korea, Netherlands, Japan, and others
Key Production Process Dehydrogenation of Ethylbenzene, Oxidation of Ethylbenzene (PO/SM Process), C8 Extraction of Pyrolysis Gasoline, and Others
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Major Planned and Announced Projects in the Styrene Industry

The major planned and announced projects in the styrene industry are INEOS Styrolution La Porte Styrene Plant, Petrochina Pdvsa Guandong Petrochemical Jieyang Styrene Plant, Shandong Yulong Petrochemical Longkou Styrene Plant, Indian Oil Corporation Paradip Styrene Plant, Haldia Petrochemicals Kakinada Styrene Plant, Lianyungang Petrochemical Lianyungang Styrene Plant, Ningbo ZRCC Lyondell Chemical Ningbo Styrene Plant 2, Zhenhua Petrochemical Dongying Styrene Plant, Sinochem Quanzhou Petrochemical Quanzhou Styrene Plant, and Abel Chemical (Jiangsu) Taixing Styrene Plant 2.

Styrene Industry Capacity and CapEx Segmentation by Regions

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

Asia: China, South Korea, Japan, Taiwan, and Singapore are the key countries in Asia accounting for the majority of the styrene capacity in the region.

North America: In 2021, the US and Canada accounted for the entire capacity growth in the region.

Europe: In 2021, the Netherlands, Germany, France, Italy, and Belgium accounted for the majority of the total styrene capacity of the region.

Middle East: In 2021, Saudi Arabia, Iran, and Kuwait were the key countries in the Middle East, accounting for the total styrene capacity of the region.

The Former Soviet Union: In 2021, Russia and Kazakhstan in FSU accounted for the total styrene capacity of the region.

South America: In 2021, Brazil and Argentina were the South American countries accounting for the entire capacity growth in the region.

Styrene Industry Capacity and CapEx Analysis by Regions, 2021 (%)

Styrene Industry Analysis by Regions

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Styrene Industry Capacity and CapEx Segmentation by Production Process

The key processes to produce styrene are Dehydrogenation of Ethylbenzene, Oxidation of Ethylbenzene (PO/SM Process), Extraction of Pyrolysis Gasoline, and others. In 2021, Dehydrogenation of Ethylbenzene emerged as the dominant process used for Styrene production.

Styrene Industry Capacity and CapEx Analysis by Production Process, 2021 (%)

Styrene Industry Capacity and CapEx Analysis by Production Process, 2021 (%)

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Styrene Industry – Competitive Landscape

The key companies in the styrene industry are Shell plc, China Petrochemical Corp, Ineos Ltd, TotalEnergies SE, LyondellBasell Industries NV, Saudi Basic Industries Corp, China National Petroleum Corp, Formosa Plastics Group, and Trinseo SA. In 2021, Shell plc had the largest styrene capacity contribution, followed by China Petrochemical Corp and Ineos Ltd, respectively.

Styrene Industry by Companies, 2021 (%)

Styrene Industry by Companies

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Key Segments Covered in this Report.

Styrene Industry Production Process Outlook (%, 2021)

  • Dehydrogenation of Ethylbenzene
  • Oxidation of Ethylbenzene (PO/SM Process)
  • C8 Extraction of Pyrolysis Gasoline
  • Others

Styrene Industry Regional Outlook (mtpa, 2021)

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

Styrene Industry Country-wise Outlook (mtpa, 2021)

  • China
  • The US
  • South Korea
  • Netherlands
  • Japan
  • Others

Scope

This report provides:

  • Global Styrene capacity outlook by region

  • Global Styrene outlook by country

  • Styrene planned and announced project details

  • Capacity share of the major Styrene producers globally

  • Global Styrene capital expenditure outlook by region

  • Global Styrene capital expenditure outlook by country

Reasons to Buy

  • Obtain the most up-to-date information available on all active, planned, and announced Styrene plants globally.

  • Identify opportunities in the global Styrene industry with the help of upcoming projects and capital expenditure outlook.

  • Facilitate decision-making on the basis of strong historical and forecast Styrene capacity data.

Table of Contents

Table of Contents

1. Introduction 11

1.1. What is This Report About? 11

1.2. Market Definition 11

2. Global Styrene Capacity and Capital Expenditure Review 12

2.1. Global Styrene Industry, An Overview 12

2.2. Global Styrene Industry, Capacity by Key Countries, 2016–2026 13

2.3. Global Styrene Industry, Capacity Share vis-à-vis Growth by Key Countries, 2016–2021 14

2.4. Global Styrene Industry, Top 10 Planned and Announced Projects 15

2.5. Global Styrene Capacity Contribution by Region 16

2.6. Key Companies by Styrene Capacity Contribution (% Share), 2021 17

2.7. Key Countries by Active Global Capacity Contribution to Styrene Industry 19

2.8. Global Styrene Industry, Installed Plant Capacity by Production Process, 2021 21

2.9. Regional Capacity Additions from Planned and Announced Projects 28

2.10. Global Capacity Additions from Planned and Announced Projects by Top 10 Countries 29

2.11. Global Capacity Additions from Planned and Announced Projects by Top 10 Companies 31

2.12. Regional Capex Spending on Planned and Announced Projects 33

2.13. Global Capex Spending on Planned and Announced Projects by Countries 34

3. Global Planned and Announced Styrene Projects 36

4. Asia Styrene Industry 39

4.1. Asia Styrene Industry, An Overview 39

4.2. Asia Styrene Industry, Capacity by Key Countries, 2016–2026 40

4.3. Asia Styrene Industry, Capacity Share vis-à-vis Growth by Key Countries, 2016–2021 41

4.4. Asia Styrene Industry, Installed Plant Capacity by Production Process, 2021 42

4.5. Asia Styrene Industry, Installed Plant Capacity by Technology, 2021 47

4.6. Asia Styrene Industry, Annual New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects 51

4.7. Asia Styrene Industry, Annual New Build and Expansion Capital Expenditure Outlook for Planned and Announced Plants by Countries 52

4.8. Styrene Industry in China 53

China Styrene Industry, Plants Capacity (mtpa), 2016–2026 53

4.9. Styrene Industry in South Korea 61

South Korea Styrene Industry, Plants Capacity (mtpa), 2016–2026 61

4.10. Styrene Industry in Japan 62

Japan Styrene Industry, Plants Capacity (mtpa), 2016–2026 62

4.11. Styrene Industry in Taiwan 63

Taiwan Styrene Industry, Plants Capacity (mtpa), 2016–2026 63

4.12. Styrene Industry in Singapore 64

Singapore Styrene Industry, Plants Capacity (mtpa), 2016–2026 64

4.13. Styrene Industry in Thailand 65

Thailand Styrene Industry, Plants Capacity (mtpa), 2016–2026 65

4.14. Styrene Industry in Indonesia 66

Indonesia Styrene Industry, Plants Capacity (mtpa), 2016–2026 66

4.15. Styrene Industry in Malaysia 67

Malaysia Styrene Industry, Plants Capacity (mtpa), 2016–2026 67

4.14. Styrene Industry in India 68

India Styrene Industry, Plants Capacity (mtpa), 2016–2026 68

4.15. Styrene Industry in Vietnam 70

5. North America Styrene Industry 71

5.1. North America Styrene Industry, An Overview 71

5.2. North America Styrene Industry, Capacity by key Countries, 2016–2026 72

5.3. North America Styrene Industry, Capacity Share vis-à-vis Growth by key Countries, 2016–2021 73

5.4. North America Styrene Industry, Installed Plant Capacity by Production Process, 2021 74

5.5. North America Styrene Industry, Annual New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects 76

5.6. North America Styrene Industry, Annual New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects by Countries 77

5.7. Styrene Industry in the US 78

The US Styrene Industry, Plants Capacity (mtpa), 2016–2026 78

5.8. Styrene Industry in Canada 79

Canada Styrene Industry, Plants Capacity (mtpa), 2016–2026 79

5.9. Styrene Industry in Mexico 80

Mexico Styrene Industry, Plants Capacity (mtpa), 2016–2026 80

6. Europe Styrene Industry 81

6.1. Europe Styrene Industry, An Overview 81

6.2. Europe Styrene Industry, Capacity by Countries, 2016–2026 82

6.3. Europe Styrene Industry, Capacity Share vis-à-vis Growth by Countries, 2016–2021 83

6.4. Europe Styrene Industry, Installed Plant Capacity by Production Process, 2021 84

6.5. Europe Styrene Industry, Installed Plant Capacity by Technology, 2021 87

6.6. Styrene Industry in Netherlands 90

Netherlands Styrene Industry, Plants Capacity (mtpa), 2016–2026 90

6.7. Styrene Industry in Germany 91

Germany Styrene Industry, Plants Capacity (mtpa), 2016–2026 91

6.8. Styrene Industry in France 92

France Styrene Industry, Plants Capacity (mtpa), 2016–2026 92

6.9. Styrene Industry in Italy 93

Italy Styrene Industry, Plants Capacity (mtpa), 2016–2026 93

6.10. Styrene Industry in Belgium 94

Belgium Styrene Industry, Plants Capacity (mtpa), 2016–2026 94

6.11. Styrene Industry in Spain 95

Spain Styrene Industry, Plants Capacity (mtpa), 2016–2026 95

6.12. Styrene Industry in Czech Republic 96

Czech Republic Styrene Industry, Plants Capacity (mtpa), 2016–2026 96

6.13. Styrene Industry in Poland 97

Poland Styrene Industry, Plants Capacity (mtpa), 2016–2026 97

6.14. Styrene Industry in Serbia 97

7. Middle East Styrene Industry 98

7.1. Middle East Styrene Industry, An Overview 98

7.2. Middle East Styrene Industry, Capacity by key Countries, 2016–2026 99

7.3. Middle East Styrene Industry, Capacity Share vis-à-vis Growth by key Countries, 2016–2021 100

7.4. Middle East Styrene Industry, Installed Plant Capacity by Production Process, 2021 101

7.5. Middle East Styrene Industry, Installed Plant Capacity by Technology, 2021 102

7.6. Middle East Styrene Industry, Annual New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects 105

7.7. Middle East Styrene Industry, Annual New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects by Countries 106

7.8. Styrene Industry in Saudi Arabia 107

Saudi Arabia Styrene Industry, Plants Capacity (mtpa), 2016–2026 107

7.9. Styrene Industry in Iran 108

Iran Styrene Industry, Plants Capacity (mtpa), 2016–2026 108

7.10. Styrene Industry in Kuwait 109

Kuwait Styrene Industry, Plants Capacity (mtpa), 2016–2026 109

8. Former Soviet Union Styrene Industry 110

8.1. Former Soviet Union, Styrene Industry, An Overview 110

8.2. Former Soviet Union Styrene Industry, Capacity by Country, 2016–2026 111

8.3. Former Soviet Union Styrene Industry, Capacity Share vis-à-vis Growth by Country, 2016 – 2021 112

8.4. Former Soviet Union Styrene Industry, Installed Plant Capacity by Production Process, 2021 113

8.5. Former Soviet Union Styrene Industry, Annual New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects 115

8.6. Former Soviet Union Styrene Industry, Annual New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects by Countries 116

8.7. Styrene Industry in Russia 117

Russia Styrene Industry, Plants Capacity (mtpa), 2016–2026 117

8.8. Styrene Industry in Kazakhstan 119

Kazakhstan Styrene Industry, Plants Capacity (mtpa), 2016–2026 119

9. South America Styrene Industry 120

9.1. South America Styrene Industry, An Overview 120

9.2. South America Styrene Industry, Capacity by Key Countries, 2016–2026 121

9.3. South America Styrene Industry, Capacity Share vis-à-vis Growth by Key Countries, 2016–2021 122

9.4. South America Styrene Industry, Installed Plant Capacity by Production Process, 2021 123

9.5. South America Styrene Industry, Installed Plant Capacity by Technology, 2021 124

9.6. Styrene Industry in Brazil 126

Brazil Styrene Industry, Plants Capacity (mtpa), 2016–2026 126

9.7. Styrene Industry in Argentina 127

Argentina Styrene Industry, Plants Capacity (mtpa), 2016–2026 127

10. Africa Styrene Industry 128

11. Appendix 129

11.1. Definitions 129

Installed Capacity 129

11.2. Abbreviations 129

11.3. Status Definition 129

11.4. Methodology 130

Coverage 130

Secondary Research 130

| Contact Us 131

Table

Table 1: Styrene Industry, Global, Key Statistics, 2021 12

Table 2: Styrene industry, global, capacity by key countries (mtpa), 2016–2026 13

Table 3: Styrene industry, global, top 10 planned and announced projects details, 2022–2026 15

Table 4: Styrene industry, global, capacity by region (mtpa), 2021–2026 16

Table 5: Styrene industry, global, capacity share of top 10 companies (%), 2021 18

Table 6: Styrene industry, global, active Styrene capacity of top 10 countries (mtpa), 2021 20

Table 7: Global, Styrene industry, installed plant capacity by Production Process (%) 2021 22

Table 8: Global, Styrene industry, major installed plant capacity by Dehydrogenation of Ethylbenzene, 2021 22

Table 9: Global, Styrene industry, major installed plant capacity by Oxidation of Ethylbenzene (PO/SM Process), 2021 25

Table 10: Global, Styrene industry, installed plant capacity by C8 Extraction of Pyrolysis Gasoline, 2021 27

Table 11: Styrene industry, global, planned and announced capacity additions by region (mtpa), 2026 28

Table 12: Styrene industry, global, planned and announced capacity additions by top 10 countries (mtpa), 2026 30

Table 13: Styrene industry, global, planned and announced capacity additions by top 10 companies (mtpa), 2026 32

Table 14: Styrene industry, global, total capex spending on planned and announced projects by region ($B), 2022–2026 33

Table 15: Styrene industry, global, total capex spending on planned and announced projects by countries ($B), 2022–2026 35

Table 16: Global, planned and announced Styrene projects details 36

Table 17: Styrene Industry, Asia, Key Statistics, 2021 39

Table 18: Styrene industry, Asia, capacity by key countries (mtpa), 2016–2026 40

Table 19: Asia, Styrene industry, installed plant capacity by Production Process (%) 2021 43

Table 20: Asia, Styrene industry, major installed plant capacity by Dehydrogenation of Ethylbenzene, 2021 43

Table 21: Asia, Styrene industry, major installed plant capacity by Oxidation of Ethylbenzene (PO/SM Process), 2021 45

Table 22: Asia, Styrene industry, installed plant capacity by C8 Extraction of Pyrolysis Gasoline, 2021 46

Table 23: Asia, Styrene industry, installed plant capacity by technology (%) 2021 48

Table 24: Asia, Styrene industry, major installed plant capacity by Badger Styrene Technology, 2021 48

Table 25: Asia, Styrene industry, major installed plant capacity by Lummus Styrene Technology, 2021 49

Table 26: Asia, Styrene industry, installed plant capacity by Shell Styrene Technology, 2021 49

Table 27: Asia, Styrene industry, installed plant capacity by Lummus/UOP Styrene Technology, 2021 50

Table 28: Asia, Styrene industry, installed plant capacity by Total/Badger Styrene Technology, 2021 50

Table 29: Styrene industry, Asia, annual new build and expansion capital expenditure outlook for planned and announced projects ($B), 2022–2026 51

Table 30: Styrene industry, Asia, annual new build and expansion capital expenditure outlook for planned and announced projects by countries ($B), 2022–2026 52

Table 31: Styrene industry, China, capacity by major plants (mtpa) 2016–2026 53

Table 32: Styrene industry, South Korea, capacity by major plants (mtpa) 2016–2026 61

Table 33: Styrene industry, Japan, capacity by major plants (mtpa) 2016–2026 62

Table 34: Styrene industry, Taiwan, capacity by major plants (mtpa) 2016–2026 63

Table 35: Styrene Industry, Singapore, Capacity by Major Plants (mtpa) 2016–2026 64

Table 36: Styrene Industry, Thailand, Capacity by Major Plants (mtpa) 2016–2026 65

Table 37: Styrene Industry, Indonesia, Capacity by Major Plants (mtpa) 2016–2026 66

Table 38: Styrene Industry, Malaysia, Capacity by Major Plants (mtpa) 2016–2026 67

Table 39: Styrene Industry, India, Capacity by Major Plants (mtpa) 2016–2026 68

Table 40: Styrene industry, North America, key statistics, 2021 71

Table 41: Styrene industry, North America, capacity by key countries (mtpa), 2016–2026 72

Table 42: North America, Styrene industry, installed plant capacity by production process (%) 2021 75

Table 43: North America, Styrene industry, major installed plant capacity by Dehydrogenation of Ethylbenzene, 2021 75

Table 44: North America, Styrene industry, major installed plant capacity by Oxidation of Ethylbenzene (PO/SM Process), 2021 75

Table 45: Styrene industry, North America, annual new build and expansion capital expenditure outlook for planned and announced projects ($B), 2022–2026 76

Table 46: Styrene industry, North America, annual new build and expansion capital expenditure outlook for planned and announced projects by countries ($B), 2022–2026 77

Table 47: Styrene industry, the US, capacity by major plants (mtpa) 2016–2026 78

Table 48: Styrene industry, Canada, capacity by major plants (mtpa) 2016–2026 79

Table 49: Styrene industry, Mexico, capacity by major plants (mtpa) 2016–2026 80

Table 50: Styrene industry, Europe, Key Statistics, 2021 81

Table 51: Styrene industry, Europe, capacity by countries (mtpa), 2016–2026 82

Table 52: Europe, Styrene industry, installed plant capacity by production process (%) 2021 85

Table 53: Europe Styrene industry, installed plant capacity by Dehydrogenation of Ethylbenzene, 2021 85

Table 54: Europe, Styrene industry, installed plant capacity by Oxidation of Ethylbenzene (PO/SM Process), 2021 86

Table 55: Europe, Styrene industry, installed plant capacity by technology (%) 2021 88

Table 56: Europe Styrene industry, installed plant capacity by Shell Styrene Technology, 2021 88

Table 57: Europe Styrene industry, installed plant capacity by LyondellBasell Styrene Technology, 2021 88

Table 58: Europe Styrene industry, installed plant capacity by Total/Badger Styrene Technology, 2021 88

Table 59: Europe Styrene industry, installed plant capacity by Versalis Styrene Technology, 2021 89

Table 60: Europe Styrene industry, installed plant capacity by Raytheon Styrene Technology, 2021 89

Table 61: Styrene industry, Netherlands, capacity by major plants (mtpa) 2016–2026 90

Table 62: Styrene industry, Germany, capacity by major plants (mtpa) 2016–2026 91

Table 63: Styrene industry, France, capacity by major plants (mtpa) 2016–2026 92

Table 64: Styrene industry, Italy, capacity by major plants (mtpa) 2016–2026 93

Table 65: Styrene industry, Belgium, capacity by major plants (mtpa) 2016–2026 94

Table 66: Styrene industry, Spain, capacity by major plants (mtpa) 2016–2026 95

Table 67: Styrene industry, Czech Republic, capacity by major plants (mtpa) 2016–2026 96

Table 68: Styrene industry, Poland, capacity by major plants (mtpa) 2016–2026 97

Table 69: Styrene industry, Middle East, key statistics, 2021 98

Table 70: Styrene industry, Middle East, capacity by key countries (mtpa), 2016–2026 99

Table 71: Middle East, Styrene industry, installed plant capacity by technology (%) 2021 103

Table 72: Middle East Styrene industry, installed plant capacity by Lummus Styrene Technology, 2021 103

Table 73: Middle East Styrene industry, installed plant capacity by Snamprogetti Styrene Technology, 2021 103

Table 74: Europe Styrene industry, installed plant capacity by Raytheon Styrene Technology, 2021 103

Table 75: Europe Styrene industry, installed plant capacity by Dow Styrene Technology, 2021 104

Table 76: Europe Styrene industry, installed plant capacity by Lummus/UOP Styrene Technology, 2021 104

Table 77: Styrene industry, Middle East, annual new build and expansion capital expenditure outlook for planned and announced projects ($B), 2022–2026 105

Table 78: Styrene industry, Middle East, annual new build and expansion capital expenditure outlook for planned and announced projects by countries ($B), 2022–2026 106

Table 79: Styrene industry, Saudi Arabia, capacity by major plants (mtpa) 2016–2026 107

Table 80: Styrene industry, Iran, capacity by major plants (mtpa) 2016–2026 108

Table 81: Styrene industry, Kuwait, capacity by major plants (mtpa) 2016–2026 109

Table 82: Styrene industry, Former Soviet Union, key statistics, 2021 110

Table 83: Styrene industry, Former Soviet Union, capacity by country (mtpa), 2016–2026 111

Table 84: Former Soviet Union, Styrene industry, installed plant capacity by production process (%) 2021 114

Table 85: Former Soviet Union Styrene industry, installed plant capacity by Dehydrogenation of Ethylbenzene, 2021 114

Table 86: Former Soviet Union Styrene industry, installed plant capacity by Oxidation of Ethylbenzene (PO/SM Process), 2021 114

Table 87: Styrene industry, Former Soviet Union, annual new build and expansion capital expenditure outlook for planned and announced projects ($B), 2022–2026 115

Table 88: Styrene industry, Former Soviet Union, annual new build and expansion capital expenditure outlook for planned and announced projects by countries ($B), 2022–2026 116

Table 89: Styrene industry, Russia, capacity by major plants (mtpa) 2016–2026 117

Table 90: Styrene industry, Kazakhstan, capacity by major plants (mtpa) 2016–2026 119

Table 91: Styrene industry, South America key statistics, 2021 120

Table 92: Styrene industry, South America capacity by key countries (mtpa), 2016–2026 121

Table 93: South America, Styrene industry, installed plant capacity by technology (%) 2021 125

Table 94: South America, Styrene industry, major installed plant capacity by Lummus/UOP Styrene Technology, 2021 125

Table 95: South America, Styrene industry, major installed plant capacity by Badger Styrene Technology, 2021 125

Table 96: South America, Styrene industry, major installed plant capacity by Badger/Lummus Styrene Technology, 2021 125

Table 97: Styrene industry, Brazil, capacity by major plants (mtpa) 2016–2026 126

Table 98: Styrene industry, Argentina, capacity by major plants (mtpa) 2016–2026 127

Figures

Figure 1: Global Styrene industry, capacity share vis-à-vis growth by key countries, 2016–2021 14

Figure 2: Styrene industry, global, capacity by region (mtpa), 2021–2026 16

Figure 3: Styrene industry, global, capacity share of top 10 companies (%), 2021 17

Figure 4: Styrene industry, global, active Styrene capacity of top 10 countries (mtpa), 2021 19

Figure 5: Global, Styrene industry, installed plant capacity by Production Process (%) 2021 21

Figure 6: Styrene industry, global, planned and announced capacity additions by region (mtpa), 2026 28

Figure 7: Styrene industry, global, planned and announced capacity additions by top 10 countries (mtpa), 2026 29

Figure 8: Styrene industry, global, planned and announced capacity additions by top 10 companies (mtpa), 2026 31

Figure 9: Styrene industry, global, total capex spending on planned and announced projects by region ($B), 2022–2026 33

Figure 10: Styrene industry, global, total capex spending on planned and announced projects by countries ($B), 2022–2026 34

Figure 11: Styrene industry, Asia, capacity share vis-à-vis growth by key countries, 2016–2021 41

Figure 12: Asia, Styrene industry, installed plant capacity by Production Process (%) 2021 42

Figure 13: Asia, Styrene industry, installed plant capacity by technology (%) 2021 47

Figure 14: Styrene industry, Asia, annual new build and expansion capital expenditure outlook for planned and announced projects ($B), 2022–2026 51

Figure 15: Styrene Industry, Asia, annual new build and expansion capital expenditure outlook for planned and announced projects by countries ($B), 2022–2026 52

Figure 16: Styrene industry, North America, capacity share vis-à-vis growth by key countries, 2016–2021 73

Figure 17: North America, Styrene industry, installed plant capacity by production process (%) 2021 74

Figure 18: Styrene industry, North America, annual new build and expansion capital expenditure outlook for planned and announced projects ($B), 2022–2026 76

Figure 19: Styrene industry, North America, annual new build and expansion capital expenditure outlook for planned and announced projects by countries ($B), 2022–2026 77

Figure 20: Styrene industry, Europe, capacity share vis-à-vis growth by countries, 2016–2021 83

Figure 21: Europe, Styrene industry, installed plant capacity by production process (%) 2021 84

Figure 22: Europe, Styrene industry, installed plant capacity by technology (%) 2021 87

Figure 23: Styrene industry, Middle East, capacity share vis-à-vis growth by key countries, 2016–2021 100

Figure 24: Middle East, Styrene industry, installed plant capacity by technology (%) 2021 102

Figure 25: Styrene industry, Middle East, annual new build and expansion capital expenditure outlook for planned and announced projects ($B), 2022–2026 105

Figure 26: Styrene industry, Middle East, annual new build and expansion capital expenditure outlook for planned and announced projects by countries ($B), 2022–2026 106

Figure 27: Styrene industry, Former Soviet Union, capacity share vis-à-vis growth by country, 2016 – 2021 112

Figure 28: Former Soviet Union, Styrene industry, installed plant capacity by production process (%) 2021 113

Figure 29: Styrene industry, Former Soviet Union, annual new build and expansion capital expenditure outlook for planned and announced projects ($B), 2022–2026 115

Figure 30: Styrene industry, Former Soviet Union, annual new build and expansion capital expenditure outlook for planned and announced projects by countries ($B), 2022–2026 116

Figure 31: Styrene industry, South America, capacity share vis-à-vis growth by key countries, 2016–2021 122

Figure 32: South America, Styrene industry, installed plant capacity by technology (%) 2021 124

Frequently asked questions

  • What was the global styrene industry capacity in 2021?

    The global styrene industry capacity was 39.65 mtpa in 2021.

     

     

     

     

     

  • What is the styrene industry growth rate?

    The styrene industry is expected to achieve an AAGR of more than 5% during 2021-2026.

  • What are the major planned and announced projects in the styrene industry?

    The major planned and announced projects in the styrene industry are INEOS Styrolution La Porte Styrene Plant, Petrochina Pdvsa Guandong Petrochemical Jieyang Styrene Plant, Shandong Yulong Petrochemical Longkou Styrene Plant, Indian Oil Corporation Paradip Styrene Plant, Haldia Petrochemicals Kakinada Styrene Plant, Lianyungang Petrochemical Lianyungang Styrene Plant, Ningbo ZRCC Lyondell Chemical Ningbo Styrene Plant 2, Zhenhua Petrochemical Dongying Styrene Plant, Sinochem Quanzhou Petrochemical Quanzhou Styrene Plant, and Abel Chemical (Jiangsu) Taixing Styrene Plant 2.

  • What are the key regions in the styrene industry?

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

  • Which are the key companies in the styrene industry?

    The key companies in the styrene industry are Shell plc, China Petrochemical Corp, Ineos Ltd, TotalEnergies SE, LyondellBasell Industries NV, Saudi Basic Industries Corp, China National Petroleum Corp, Formosa Plastics Group, and Trinseo SA.

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GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

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“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

 Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

 Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

 Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

 Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

 Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

 Senior Account Manager, TSYS

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