Petrochemicals Capacity and Capital Expenditure Outlook by Region, Countries, Companies, Commodity, Projects and Forecast to 2030
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Petrochemicals Capacity & Capital Expenditure (Capex) Overview
The petrochemicals capacity was 2600.06 million tonnes per annum (mtpa) in 2023. Asia, the Middle East, and the Former Soviet Union are the top regions contributing to capacity additions in the upcoming years. In the Middle East, most capacity additions are in Iran while in FSU, the majority of capacity additions are in Russia.
Petrochemicals Capacity and Capex Outlook, 2023-2030 (mtpa)
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The petrochemicals capacity and capex report outlook offer information on all active, planned, and announced projects globally. The report also covers the contribution shares of the top petrochemical players. In addition, detailed insights about global petrochemical capex spending on planned and announced projects are included in the report. The historical and forecast evaluation of the petrochemicals capacity data in this report will aid clients in making informed business decisions.
Market Capacity 2023 | 2600.06 Mtpa |
Forecast Period | 2023-2030 |
Key Regions | · Africa
· Asia · Caribbean · Europe · Former Soviet Union (FSU) · Middle East |
Key Countries | · China
· US · India · South Korea · Saudi Arabia |
Leading Companies | · China Petrochemical Corp
· Saudi Basic Industries Corp · INEOS Ltd · China National Petroleum Corp · Formosa Plastics Group |
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Petrochemicals Capacity and Capex by Regions
The key petrochemical capacity contributors include Africa, Asia, the Caribbean, Europe, FSU, the Middle East, North America, Oceania, and South America. Among regions, Asia led with the largest capacity contribution globally in 2023. The region’s resilience, regional dynamics, and increasing demand for consumer goods and fuels are driving the petrochemical industry. The region witnessed China as its leading petrochemical capacity contributor in 2023.
Petrochemicals Capacity and Capex Analysis by Regions, 2023 (%)
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Petrochemicals Capacity and Capex by Countries
The country-wise petrochemical capacity contributors include China, the US, India, South Korea, and Saudi Arabia. China had the highest capacity contribution among the key countries in 2023. Strategic investments and a focus on specialty chemicals to meet domestic and global demand have aided the petrochemical industry growth in the country.
Petrochemicals Capacity and Capex Analysis by Countries, 2023 (%)
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Petrochemicals Capacity and Capex - Competitive Landscape
A few of the leading petrochemical companies are:
- China Petrochemical Corp
- Saudi Basic Industries Corp
- INEOS Ltd
- China National Petroleum Corp
- Formosa Plastics Group
China Petrochemical Corp had the largest capacity in 2023. The major capacity contribution was from Zhongtian Hechuang Energy Company Ordos Methanol Plant.
Petrochemicals Capacity and Capex Analysis by Companies, 2023 (%)
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Segments Covered in the Report
Petrochemicals Capacity and Capex Regional Outlook (Capacity, mtpa, 2023-2030)
- Africa
- Asia
- Caribbean
- Europe
- Former Soviet Union (FSU)
- Middle East
- North America
- Oceania
- South America
Petrochemicals Capacity and Capex Country Outlook (Capacity, mtpa, 2023-2030)
- China
- US
- India
- South Korea
- Saudi Arabia
Scope
The report provides:
- Global petrochemicals capacity outlook by region.
- Petrochemicals planned and announced plants details.
- Global petrochemicals capacity by commodity.
- 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 likely future competitive scenario.
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Table of Contents
Table
Figures
Frequently asked questions
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What was the petrochemicals capacity in 2023?
The petrochemicals capacity was 2600.06 mtpa in 2023.
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Which region accounted for the highest petrochemicals capacity and capex contribution in 2023?
Asia had the highest petrochemicals capacity and capex contribution in 2023.
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Which country accounted for the highest petrochemicals capacity and capex share in 2023?
China accounted for the highest petrochemicals capacity and capex share in 2023.
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Which are the leading petrochemicals companies?
A few of the leading petrochemical companies are China Petrochemical Corp, Saudi Basic Industries Corp, INEOS Ltd, China National Petroleum Corp, and Formosa Plastics Group.
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