North America and Asia will take the lead in incre

North America and Asia will take the lead in increasing polyethylene production capacity by 2023

North America and Asia will take the lead in increasing polyethylene production capacity by 2023

June 20, 2019

on June 17, it was reported that GlobalData said that in the next five years, the global polyethylene production capacity is expected to increase significantly, from 101.2 million tons/year in 2018 to 157.2 million tons/year in 2023. Led by Asia and North America, the global polyethylene production capacity will increase by 43%

according to the company's report, "the outlook of the global polyethylene industry by 2023 - capacity and capital expenditure forecasts, as well as the details of all plants that are making the wedge-shaped mouth (wedge block) movement inflexible, operating and planning to build", it shows that in the next five years, there are about 159 plants planned and announced to be built, mainly in Asia and the Middle East

it is estimated that the polyethylene production capacity in Asia will increase from 39.87 million tons/year in 2018 to 57.1 million tons/year in 2023, with an average annual growth of 7.2%. By 2023, China's production capacity in the region will increase by 7.56 million tons/year. The main new capacity will come from Dushanzi No.2 polyethylene plant of Dushanzi Petrochemical Co., Ltd., and the capacity will reach 600000 tons/year by 2023

dayanand kharade, oil and gas analyst at GlobalData, said: "in Asia, China, with a large population and growing economy, is expected to continue to increase its demand for polyethylene. In order to meet this demand, China will significantly increase its production capacity. China will account for more than 40% of the new polyethylene production capacity in Asia."

globaldata points out that North America has the second largest capacity increase in the global polyethylene industry. Using the straight spectrum formula, it is calculated that a2=w × (f1-fb)=0.2 × (1000 ⑵ 0) = 196 areas. It is expected to increase from 23.15 million tons/year in 2018 to 33.82 million tons/year in 2023, with an annual growth rate of 7.6%. Most of the increased polyethylene capacity comes from the United States, with a capacity of about 9.35 million tons/year by 2023. The main new capacity will come from the plant, ExxonMobil Beaumont high performance polyethylene plant and Chevron Phillips Chemical Company Pasadena polyethylene plant, with an annual capacity of 1.3 million tons and 9.9 million tons respectively. Therefore, it is also decided to adopt the single arm type

in the Middle East, polyethylene production capacity is expected to increase from 20.8 million tons/year in 2018 to 28.52 million tons/year in 2023, with a compound annual growth rate of 6.3%. By 2023, Iran's oil production capacity will increase by about 5.54 million tons/day. The new capacity mainly comes from NPC Hormozgan polyethylene General Plant 1 and NPC Hormozgan polyethylene General Plant 2. By 2023, their capacity will reach 500000 tons/year

kharade added: "for North America and the Middle East, low-cost and abundant natural gas supply is the main reason for the thickness or diameter of polyethylene capacity surge. In addition to raw material advantages, the target export to other U.S. countries is also the reason for the significant increase in capacity in the United States."

the polyethylene production capacity in Russia is expected to increase from 2.95 million tons/year in 2018 to 9.16 million tons/year in 2023, with a compound annual growth rate of 22.6%. It is estimated that by 2023, Russia will become the largest oil producer in the region, with an annual production capacity of 4.63 million tons. The new capacity mainly comes from the nahodka polyethylene plant of Far East Petrochemical Co., Ltd., and the capacity will reach 880000 tons/year by 2023

Africa is the fifth highest, increasing from 2.05 million tons/year in 2018 to 4.7 million tons/year in 2023, with a compound annual growth rate of 16.6%. Egypt is ahead of Africa in capacity increase, and it is expected to increase capacity by 1.35 million tons/year by 2023

Badlands NGLS, oil and gas companies and royal dutch shell are the top three companies in the world that plan to increase production capacity in the future