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Asia will lead global ABS capacity growth

Saturday, 29 October 2022

According to hydrocarbon processing news on January 19, global data said that by 2024, the global acrylonitrile butadiene styrene (ABS) production capacity is expected to increase by 19%, from 11.36 million tons / year in 2019 to 13.49 million tons / year.

According to global data’s report “global acrylonitrile butadiene styrene (ABS) industry outlook to 2024 – detailed capacity and capital expenditure forecasts of all operating and planned plants”, Asia is in the leading position in terms of ABS capacity increase, from 9.21 million tons / year in 2019 to 9.9 million tons / year in 2024, with an average annual growth rate (AAGR) of 3.5%. Through six new expansion projects, it is estimated that the capacity of ABS will reach 1.78 million tons / year.

In terms of capacity growth, India is the second largest country in Asia, from 210000 T / A in 2019 to 320000 T / A in 2024, with an AAGR of 8.0%, according to GlobalData. By 2024, the capacity of the dahej ABS plant in India will increase by 70000 T / A.

Malaysia will be the country with the third highest capacity increase in the region, from 350000 T / A in 2019 to 430000 T / A in 2024. By 2024, the capacity of the prai ABS plant will reach 80000 tons / year.

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