PUBLISHER: GlobalData | PRODUCT CODE: 1320915
PUBLISHER: GlobalData | PRODUCT CODE: 1320915
Global Propylene capacity is poised to see considerable growth over the next five years, potentially increasing from 150.05 mtpa in 2022 to 208.97 mtpa in 2027, registering total growth of 39%.
Around 158 planned and announced Propylene projects are expected to come online, predominantly in Asia, followed by Middle East over the upcoming years. Among countries, China is expected to lead Propylene capacity additions by 2027, followed by India and Iran. Oriental Energy Co Ltd, Shandong Yulong Petrochemical Ltd and Fujian Eversun New Material Co Ltd are the top three companies by planned and announced capacity additions globally over the upcoming years.