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.