Q2 Global Propylene Capacity and Capital Expenditure Outlook - Detailed In-depth Study Announcement by iData insights

Q2 Global Propylene Capacity and Capital Expenditure Outlook

Global propylene capacity is expected to witness considerable growth over the next five years, potentially increasing capacity from 111.6 mtpa in 2015 to 130.0 mtpa in 2020. Around 65 planned projects are slated to come online in the next five years, primarily in China and US.

Key Highlights:
~ Asia has thirty nine planned projects, out of which China has twenty six planned propylene projects adding capacity of about 6.0 mtpa by 2019. Capital expenditure for these projects is estimated to total US$3.64 billion over the next five years. Oriental Energy Co., Ltd. and Fujian Meide Petrochemical Co. are the top two companies accounting for major capacity additions in China.
~ In North America, the majority of capacity additions are in the US, with planned capacity of about 3.1 mtpa and capex of US$2.44 billion over the next five years. Ascend Performance Materials LLC and Enterprise Products Partners L.P. are the top two companies contributing for major capacity additions in the US.
~ In the Middle East the majority of propylene capacity additions are in Iran, with about 1.5 mtpa being added by 2018. Capital expenditure for these projects is estimated to total US$0.85 billion by 2018.
~ In Europe, the majority of capacity additions are in Russia, with planned capacity additions of about 1.2 mtpa by 2020.Capital expenditure for these projects totals US$2.88 billion. Rosneft Oil Company and SIBUR Holding are the top companies accounting for major capacity additions in Russia.
~ In Africa, Egypt is expected to spend around US$0.88 billion to add capacity of about 0.9 mtpa, expected to come onstream by 2020. In South America, Bolivia plans to spend US$0.19 billion to add capacity of about 0.4 mtpa, expected onstream by 2018.

Latest petrochemical study Q2 Global Propylene Capacity and Capital Expenditure Outlook – New Project Announcements in China, Korea, Bolivia, Finland and Saudi Arabia Further Stack Pipeline, provides information and insight on the historic and forecast global Propylene capacity by region. The study also includes capacity share of the major Propylene producers in the world and details on the planned propylene plants and capacity by feedstock.

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Sarah Brandel
PA to MD
1866 237 2965 | Indian Office: +91 9810 686 321
mark@idatainsights.com
iData Insights

iData Insights which operates under Precision Research and Consulting Pvt. Ltd. is a marketing research consulting firm. Its efforts help companies to create and improve products and services based on what the market desires. We conduct both primary and secondary research. Our work does not end with research. We provide actionable recommendations and provide our expertise for business success today and tomorrow. It is our goal to be a partner to our clients in the exploration and discovery, and then be their guide in the implementation of changes that will make a difference to their bottom line.

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Sarah Brandel
PA to MD
1866 237 2965 | Indian Office: +91 9810 686 321
mark@idatainsights.com

This release was published on openPR.