GlobalData, a well-known telecommunications, software and IT services consulting company, said recently that global polyethylene (PE) capacity is expected to increase significantly in the next five years, from about 110 million tons per year in 2018 to 157 million tons per year in 2023. . Under the leadership of Asia and North America, global polyethylene production capacity will increase by 43%.PE plastic recycling machine.

The company’s research report shows that in the next five years, there are about 159 factories planning and announcing the construction of PE plants, mainly in Asia and the Middle East. It is expected that Asia’s PE production capacity will increase from 39.87 million tons per year in 2018 to 57.1 million tons per year in 2023, with an average annual growth rate of 7.2%. By 2023, China’s production capacity in the region will increase by 7.56 million tons / year. GlobalData oil and gas analyst Dayanand Kharade said: “In Asia, China’s PE demand will continue to grow. In order to meet this demand, China will increase its production capacity. China will account for more than 40% of Asia’s new polyethylene capacity.”

North America is the region with the second largest increase in capacity in the global PE industry. GlobalData pointed out that it is expected to grow from 23.15 million tons per year in 2018 to 33.82 million tons per year in 2023, with an annual growth rate of 7.6%. Most of the increased PE capacity comes from the United States, with a capacity of about 9.35 million tons per year by 2023. In the Middle East, PE capacity is expected to increase from 20.8 million tons per year in 2018 to 28.52 million tons per year in 2023. Kharade added: “For North America and the Middle East, low-cost, abundant natural gas supply is the main reason for the surge in PE capacity. In addition to raw material advantages, the target export to other American countries is also the reason for the United States to significantly increase production capacity.”

The PE capacity in Russia is expected to increase from 2.95 million tons per year in 2018 to 9.16 million tons per year in 2023, with a compound annual growth rate of 22.6%. Africa will increase from 2.05 million tons per year in 2018 to 4.7 million tons per year in 2023, with a compound annual growth rate of 16.6%. Egypt is ahead of Africa in terms of capacity growth and is expected to increase production capacity by 1.35 million tons per year by 2023.

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