GlobalData: Asia to dominate global styrene capacity additions with capacity of 8.16 million tonnes/year by 2026; Ineos, China Petrochemical, Shandong Yulong Petrochemical to be world's top companies in planned/announced capacity additions in this period

Sample article from our Chemicals Industry

August 31, 2022 (press release) –

Asia is likely to dominate the global styrene capacity additions with a capacity of 8.16 million tons per annum (mtpa) by 2026, says GlobalData. According to the leading data and analytics company, China accounts for 69% of the region’s capacity additions and is expected to lead styrene capacity additions among Asian countries.

GlobalData’s report, ‘Styrene Industry Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All Active Plants, Planned and Announced Projects, 2022-2026’, reveals that Asia has 16 upcoming planned and announced projects with total capacity additions of 8.16 mtpa from new build projects.

Teja Pappoppula, Oil and Gas Analyst at GlobalData, comments: “Petrochina Pdvsa Guandong Petrochemical Jieyang Styrene Plant is the major planned project in Asia in terms of capacity additions, with a capacity of 0.8 mtpa by 2026. It is expected to commence the production of styrene in 2022 and is operated by Petrochina Pdvsa Guandong Petrochemical Co Ltd.”

GlobalData identifies Africa as the second-highest region in terms of capacity additions, with a capacity of 0.88 mtpa by 2026. Egypt accounts for the region’s entire capacity additions. The Egyptian Petrochemicals Holding Company El-Alamein Styrene Plant leads in terms of capacity additions and is expected to commence the production of styrene in 2026.

North America will be the third-highest region in terms of capacity additions, with a capacity of 0.85 mtpa by 2026. The region’s entire capacity additions are expected to be generated from the planned project, INEOS Styrolution La Porte Styrene Plant, which is expected to come online in 2023.

GlobalData expects Ineos Ltd, China Petrochemical Corp and Shandong Yulong Petrochemical Ltd to be the top three companies globally in terms of planned and announced capacity additions over the outlook period.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

See our dashboard in action - schedule an demo
Jason Irving
Jason Irving
- SVP Enterprise Solutions -

We offer built-to-order chemicals industry coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.