GlobalData, the world's leading data analysis company, predicts that Asia will lead the growth of global polyethylene production capacity in the next few years. From 2021 to 2026, Asia's new polyethylene production capacity will account for 45% of the global new production capacity.
Asia will lead the world in new capacity additions from both greenfield polyethylene projects and existing polyethylene expansion projects. From 2021 to 2026, a total of 67 new and expanded polyethylene projects have been announced in Asia, with an estimated new polyethylene production capacity of 27 million tons per year.
From 2021 to 2026, China will add 10.39 million tons/year of polyethylene production capacity, ranking first in Asia; India will add 8.99 million tons/year of polyethylene production capacity, ranking second in Asia. (Translated by Pang Xiaohua from Arab Trade Network)
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