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Tag: GlobalData

Global nickel production likely to grow by 6.8% in 2021

Global nickel mine production is expected to grow by 6.8% to reach 2.42 million t in 2021, after registering an estimated 4.2% decline to 2.27 million t in 2020, owing to COVID-19-related lockdowns and restrictions, says GlobalData.

China to lead global propylene capacity by 2030

The global propylene capacity is expected to potentially increase from 129.80 million tonnes per annum (mtpa) in 2019 to 191.84 mtpa in 2030 registering a total growth of 48%.

China to contribute 28% of petrochemical capacity

The global petrochemical capacity is poised to see considerable growth by 2030, potentially increasing from 2,129.0 million tonnes per annum (mtpa) in 2019 to 3,029.1 mtpa in 2030, registering a total growth of 42%.

China, US lead global LNG regasification sectors

China and the US and are expected to lead the capacity growth in the global LNG liquefaction and regasification sectors from planned and announced (new-build) projects between 2020 and 2024, says GlobalData, a data and analytics company.

Asia to contribute 40% of capacity growth by 2024

Asia is expected to lead the global refining industry by contributing about 40% of refining capacity additions from planned and announced (new-build) projects between 2020 and 2024, says GlobalData.

Venture Global to lead LNG capacity additions by 2023

Venture Global Partners is expected to be the leading company in the global liquefied natural gas (LNG) liquefaction industry, in terms of capacity additions from planned and announced (new-build) projects between 2019 and 2023.

Usage of 3D printing increases in the O&G sector

The use of additive manufacturing, or 3D printing, is gradually increasing in the oil and gas industry. Currently, accounting for less than 0.1% of the overall global manufacturing market, which is currently valued at USD 12.7 trillion, it is estimated that the 3D printing market will be worth USD 32bn by 2025 and over USD 60bn by 2030, says GlobalData.

Asia accounts for 53% of global EDC capacity by 2023

Asia is set to lead the capacity growth in the global ethylene dichloride (EDC) industry from planned and announced projects, contributing around 53% of the global growth between 2019 and 2023, says GlobalData.

Gazprom leads new gas processing capacity additions

Gazprom is expected to lead new-build gas processing capacity additions in the global gas processing industry from planned and announced (new-build) projects between 2019 and 2023, contributing around 13% to global gas processing capacity growth by 2023, according to GlobalData.

Asia contributes 36% of CDU capacity growth by 2023

Asia is expected to drive new-build crude distillation unit (CDU) capacity growth in the global refinery industry from planned and announced (new-build) projects between 2019 and 2023, contributing around 36% of global CDU capacity growth by 2023, according to GlobalData.