Global Propylene Industry Outlook to 2030 - Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants
Summary
Global propylene capacity is poised to grow considerably by more than 30% during 2024 to 2030. Asia is set to dominate this growth due to heavy demand for propylene and its derivative chemicals from various sectors such as construction, packaging, fuel, and refrigeration. A total capacity of 32.79 million tonnes per annum (mtpa) is likely to be added by 2030 in Asia, with China and India being central to the capacity expansion in the region.
Scope
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