Global polyethylene capacity is poised to see considerable growth over the next five years, potentially increasing from 110.12 million tonnes per annum (mtpa) in 2018 to 157.02 mtpa in 2023, registering a total growth of 43%, led by Asia and North America.
Polyethylene capacity in Asia is expected to increase from 39.87 mtpa in 2018 to 57.10 mtpa in 2023, at an Average Annual Growth Rate (AAGR) of 7.2%.
North America identified as the second highest in terms of polyethylene capacity additions in the global polyethylene industry. It is expected to increase from 23.15 mtpa in 2018 to 33.82 mtpa in 2023, at an AAGR of 7.6%.
Within the Middle East, polyethylene capacity is expected to increase from 20.80 mtpa in 2018 to 28.52 mtpa in 2023, at an AAGR of 6.3%.
Polyethylene capacity in Former Soviet Union (FSU) is expected to increase from 2.95 mtpa in 2018 to 9.16 mtpa in 2023, at an AAGR of 22.6%.
Africa is the fifth highest, increasing from 2.05 mtpa in 2018 to 4.70 mtpa in 2023, at an AAGR of 16.6%.
