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Asia set to lead global ABS capacity additions by 2023

October 17/2019

MOSCOW (MRC) -- Asia is set to lead capacity growth in the global Acrylonitrile-Butadiene-Styrene (ABS) industry from planned and announced projects between 2019 and 2023, contributing around 74% of the global growth by 2023, says GlobalData

Asia is expected to have a new-build and expansion ABS capacity of 0.90 million tonnes per annum (mtpa) from five planned and announced projects.

Dayanand Kharade, Oil and Gas Analyst at GlobalData, says: In Asia, the capacity growth of ABS will be mainly from China, which is expected to account for around 85% of the regions capacity."

GlobalData identified the Middle East as the second highest region in terms of capacity additions in the global ABS industry. The region will add a new-build capacity of 0.20 mtpa from a planned project. The entire capacity additions will be from, Jam Petrochemical Company Assaluyeh ABS Plant, which is expected to start operations in 2019.

North America and Europe are the other two regions, together adding a new-build ABS capacity of 0.12 mtpa by 2023. The entire capacity addition from North America will be from an announced project, INEOS Styrolution Mexicana Altamira ABS Plant while from Europe, the entire capacity additions will be from a planned project, INEOS Styrolution France Wingles ABS Plant.

According to the ICIS-MRC Price Report, because of low prices in Asia in August, ABS imports to Russia amounted to 3.600 tonnes compared to 2,800 tonnes a month earlier and 2,700 tonnes  in August last year. According to the results of January - August, the import of ABS in the Russian Federation did not change relative to the same period last year and amounted to 21,900 tonnes.


mrcplast.com
Author:Anna Larionova
Tags:Asia, ABS, Russia.
Category:General News
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