Asia to dominate global xylenes capacity additions by 2025 offshore-technology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from offshore-technology.com Daily Mail and Mail on Sunday newspapers.
UAE Business: Asia to lead global acrylic acid capacity additions gdnonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gdnonline.com Daily Mail and Mail on Sunday newspapers.
Asia to lead global acrylic acid capacity additions
DUBAI, December 22, 2020 Asia will lead the capacity additions with the region’s acrylic acid capacity expected to increase from 5.44 mtpa in 2019 to 7.00 mtpa in 2024 at an average annual growth rate (AAGR) of 5.1%. GlobalData’s report, ‘Global Acrylic Acid Industry Outlook to 2024 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants’ reveals that Asia is expected to have a new-build and expansion acrylic acid capacity of 1.57 mtpa from 12 new-build and expansion projects. Within Asia, China leads in terms of capacity additions with a capacity increase of 1.03 mtpa by 2024. Major capacity additions will be from the ShengHong Holding Group Lianyungang Acrylic Acid Plant with a capacity of 0.30 mtpa by 2024.