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China to account for 66% of Asia xylene capacity additions through 2026, forecasts GlobalData

Petrochemical industry | 01 Jul 2022 IST | Polymerupdate.com
China is expected to register the highest xylene capacity additions in Asia, contributing around 66% of the region’s capacity additions through 2026, forecasts GlobalData, a leading data and analytics company.

GlobalData’s latest report, ‘Xylene Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All Active Plants, Planned and Announced Projects, 2022-2026’, reveals that China leads with the largest capacity additions of 21.83 million tons per annum (mtpa) from 13 planned and announced projects.

Sudarshini Ennelli, Oil and Gas Analyst at GlobalData, says: “In China, the main capacity addition will be from a planned project, Zhejiang Petrochemical Daishan Xylene Plant 2, which has a capacity of 4.80 mtpa. It is expected to commence production in 2022.”

ShengHong Holding Group Lianyungang Xylene Plant will be the second-highest contributor with 2.8 mtpa capacity additions by 2026. The plant is expected to commence operations in 2022.

Ennelli concludes: “Petrochina Pdvsa Guandong Petrochemical Jieyang Xylene Plant will be the third-highest contributor in terms of capacity additions in the country with a capacity of 2.6 mtpa. The plant is expected to commence production of xylene in 2022.”

About GlobalData
4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, technology, energy, financial and professional services sectors.
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