Asia to lead global polyethylene growth

Recently, the Middle East data analysis company GlobalData expects that Asia will lead the global polyethylene production capacity growth in the next few years
.
From 2021 to 2026, the new polyethylene production capacity in Asia will account for 45% of the global new production capacity
.

The latest report released by GlobalData shows that from 2021 to 2026, Asia will rank first among all regions in the world in terms of new polyethylene production capacity from new polyethylene projects and existing polyethylene expansion projects
.
Sudarshini Ennelli, Oil and Gas Analyst at GlobalData, said: “A total of 67 planned and announced new and expanded polyethylene projects in Asia between 2021 and 2026 are expected to add 27 Mtpa of polyethylene capacity
.
"

According to the GlobalData report, China will add 10.
39 million tons of polyethylene production capacity from 2021 to 2026, ranking first in Asia
.
India's new polyethylene production capacity will rank second in Asia, adding 8.
99 million tons of polyethylene production capacity
.
The new production capacity in India will mainly come from the Kakinada polyethylene unit and Balasol polyethylene unit of Haldia Petrochemical Company and the polyethylene unit of Hindustan Petroleum Rajasthan Refinery.
These three units have an annual designed capacity.
1.
2 million tons, 1.
1 million tons and 0.
8 million tons respectively
.