Asia is expected to lead the global capacity additions among the regions and its chlorine capacity is expected to increase from 54.59 mtpa in 2020 to 58.03 mtpa in 2025 at an average annual growth rate (AAGR) of 1.2 %. Within Asia, China will account for more than half of the region’s capacity additions with the country likely to lead the global chlorine capacity addition, says GlobalData, a leading data and analytics company.
GlobalData’s report, ‘ Global Chlorine Industry Outlook to 2025 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants’, reveals that chlorine capacity is poised to see considerable growth by 2025, potentially increasing from 89.60 million tonnes per annum (mtpa) in 2020 to 94.23 mtpa in 2025, registering a total growth of 5%.
Amareswari Kanaparthi, Oil and Gas Analyst at GlobalData, says: “China is set to lead the capacity additions in the region with a capacity of 2.01 mtpa by 2025. Majority of the additions will be from a planned project Xinjiang Zhongtai Chemical Company Baicheng Chlorine Plant with a capacity of 0.71 mtpa by 2025.”
GlobalData identifies India as the second highest country in terms of capacity additions with a capacity of 0.98 mtpa by 2025. Majority of the capacity additions will be from a planned project, GACL-NALCO Alkalies with a capacity of 0.23 mtpa by 2025.
The US will be the third highest country in terms of capacity additions where the entire capacity additions will be from a planned project Shintech Plaquemine Chlorine Plant 2 with capacity of 0.59 mtpa, by 2025.
Xinjiang Zhongtai Chemical Co Ltd, Tianjin Bohai Chemical Industry Co Ltd and Shin-Etsu Chemical Co Ltd will be the top three companies globally in terms of planned and announced capacity additions over the outlook period.
- Quotes provided by Amareswari kanaparthi, Oil & Gas Analyst at GlobalData
- Information based on GlobalData’s report: ‘ Global Chlorine Industry Outlook to 2025 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants’
- This press release was written using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData’s team of industry experts
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