Asia will lead global polyethylene growth

Recently, the Middle East Data Analysis Company GlobalData predicts that in the next few years, Asia will lead the global polyethylene production capacity growth. From 2021 to 2026, the production capacity of new polyethylene in Asia will account for 45%of the global new production capacity.

The latest report of GlobalData showed that from 2021 to 2026, the new polyethylene production capacity from the new polyethylene project and the existing polyethylene expansion project will rank first in all regions of the world. GlobalData's oil and natural gas analyst Sudarshini Ennelli said: "From 2021 to 2026, there were 67 plans and announced and expanded polyethylene projects in Asia, which are expected to add 27 million tons/year polyethylene production capacity. "

The GlobalData report shows that from 2021 to 2026, China will add 10.39 million tons of polyethylene production capacity, ranking first in Asia. India's new polyethylene production capacity will rank second in Asia, and will increase 8.99 million tons of polyethylene production capacity. India ’s new production capacity will mainly take the Kakina polyethylene device from Hordia Petrochemical Corporation, the Parathoor polyethylene device, and the Indian Stan Petroleum Rajastan State Refresh Plant polyethylene device. It was 1.2 million tons, 1.1 million tons and 800,000 tons, respectively.

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