PUBLISHER: GlobalData | PRODUCT CODE: 1706668
PUBLISHER: GlobalData | PRODUCT CODE: 1706668
Global petrochemical capacity is poised to grow considerably by 2030. Asia is set to dominate this growth, driven by the high demand of petrochemicals across a plethora of industries such as automotive, construction, and electronics. It is estimated that a substantial capital expenditure exceeding $291 billion is likely to be spent and a capacity of 435.75 million tonnes per annum (mtpa) is likely to be added during the outlook period on all the upcoming projects in Asia.