Latest news with #propylene
Yahoo
09-06-2025
- Business
- Yahoo
Propylene Industry Outlook Report 2025: Capacity to Grow by More than 30% to 2030 - Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants
Global propylene capacity is expected to surge by over 30% from 2024 to 2030, with Asia leading the expansion due to high demand across sectors like construction and packaging. China and India are pivotal, adding 32.79 million tonnes annually by 2030. Explore planned enhancements and capital expenditure trends. Dublin, June 09, 2025 (GLOBE NEWSWIRE) -- The "Propylene Industry Outlook to 2030 - Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants" report has been added to propylene capacity is poised to grow considerably by more than 30% during 2024 to 2030. Asia is set to dominate this growth due to heavy demand for propylene and its derivative chemicals from various sectors such as construction, packaging, fuel, and refrigeration. A total capacity of 32.79 million tonnes per annum (mtpa) is likely to be added by 2030 in Asia, with China and India being central to the capacity expansion in the Global propylene capacity outlook by region from 2025 to 2030 Propylene planned and announced capacity additions by region, key countries, and key companies Planned and announced capital expenditure outlook by region, and key countries Key details of the propylene plants globally (capacity from 2020 to 2030) Reasons to Buy Obtain the most up-to-date information available on all active, planned, and announced propylene plants globally Identify opportunities in the global propylene industry with the help of upcoming projects and capital expenditure outlook Facilitate decision-making based on strong historical and outlook of propylene capacity data Assess key project data of your peers and competitors Key Topics Covered: 01. Global Propylene Capacity and Capital Expenditure Outlook by Region Key Highlights Global Propylene Capacity Contribution by Region Global Propylene Industry, Capacity Contributions by Key Feedstocks Global Propylene Industry, Feedstock Capacity Contributions by Region Global Planned and Announced Capacity Propylene Additions Global Capex Spending on Planned and Announced Propylene Plants by Region New Projects Announcements Global Top 10 Planned and Announced Propylene Plants 02. Global Propylene Capacity and Capital Expenditure Outlook by Country Global Propylene Capacity Contributions by Key Countries, 2020-2030 Global Propylene Capacity Contribution by Key Countries, 2024 Propylene Capacity Additions from Planned and Announced Plants by Key Countries Propylene Capex Spending on Planned and Announced Projects by Key Countries 03. Global Propylene Capacity and Capital Expenditure Outlook by Company Global Propylene Capacity Contribution by Key Companies, 2024 Global Propylene Capacity Additions from Planned and Announced Projects by Top 10 Companies 04. Propylene Capacity and Capex Outlook in Asia Propylene Capacity in Asia by Key Countries, 2020-2030 Annual Capital Expenditure Outlook for Planned and Announced Propylene Projects in Asia 05. Propylene Capacity Outlook in the Middle East Propylene Capacity in the Middle East by Key Countries, 2020-2030 Annual Capital Expenditure Outlook for Planned and Announced Propylene Projects in the Middle East 06. Propylene Capacity Outlook in Africa Propylene Capacity in Africa by Country, 2020-2030 Annual Capital Expenditure Outlook for Planned and Announced Propylene Projects in Africa 07. Propylene Capacity Outlook in FSU Propylene Capacity in FSU by Country, 2020-2030 Annual Capital Expenditure Outlook for Planned and Announced Propylene Projects in FSU by Country 08. Propylene Capacity Outlook in North America Propylene Capacity in North America by Country, 2020-2030 Annual Capital Expenditure Outlook for Planned and Announced Propylene Projects in North America 09. Propylene Capacity Outlook in Europe Propylene Capacity in Europe by Key Countries, 2020-2030 Annual Capital Expenditure Outlook for Planned and Announced Propylene Projects in FSU by Country 10. Propylene Capacity Outlook in Other Regions Propylene Capacity in South America by Country, 2020-2030 Propylene Capacity in Oceania by Country, 2020-2030 11. Appendix For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Hindu
02-06-2025
- Business
- The Hindu
Good news very soon on India-Oman trade agreement: Piyush Goyal
Commerce and Industry Minister Piyush Goyal has said that negotiations between India and Oman for the proposed free trade agreement (FTA) are progressing, and some "good news" may come "very soon" on that. The negotiations received a much-needed impetus after the visit of Mr. Goyal to Muscat in January this year. The talks for the agreement, officially dubbed as the Comprehensive Economic Partnership Agreement (CEPA), formally began in November 2023. "I think you will see some good news very soon on the Oman FTA," the Minister told reporters in Paris when asked whether the FTA talks with Oman can be concluded this year. Mr. Goyal is in Paris on an official visit to hold talks with French leaders and businesses to boost trade and investments. He will also attend a mini-ministerial meeting of the World Trade Organisation (WTO) on June 3. In such agreements, two trading partners either significantly reduce or eliminate customs duties on a maximum number of goods traded between them. They also ease norms to promote trade in services and attract investments. Oman is the third-largest export destination among the Gulf Cooperation Council (GCC) countries for India. India already has a similar agreement with another GCC member UAE which came into effect in May 2022. The bilateral trade was about $10.5 billion (exports $4 billion and imports $6.54 billion) in 2024-25. India's key imports are petroleum products and urea. These account for over 70% of imports. Other key products are propylene and ethylene polymers, pet coke, gypsum, chemicals, and iron and steel. Talking about such agreements, the Minister said these FTAs not just promote trade in goods and services, but also strengthen supply chain, bring confidence in businesses of both sides about stable polices, and predictability. "So in a way, it's a big message when you conclude an FTA," he added. When asked if India could see further domestic reforms as a result of these agreements, the Minister said FTA stands on their own footing and have no relationship to "our own" domestic efforts to make the country more attractive. "These agreements are more towards opening markets on both sides which lead to greater competitiveness, improved productivity and efficiency in all processes," he said. Mr. Goyal said the National Manufacturing Mission, announced in the Budget, may come up soon. It will further bring an "orderly shape" to how States and the Centre work together in the direction of promoting manufacturing in India, he added.
Yahoo
23-05-2025
- Business
- Yahoo
Global Propylene Industry Report 2025: China has Emerged as the Leading Consumer on a Global Scale, United States, China, and South Korea are the Top Producers
The global propylene market, projected to grow at a 2.6% CAGR from 2025 to 2030, sees China as the leading consumer. In 2024, China, the USA, and South Korea topped propylene production. The report covers demand-supply analysis, type segmentation, and upcoming capacity and project details. Dublin, May 23, 2025 (GLOBE NEWSWIRE) -- The "Global Propylene Market (2025)" has been added to offering. The global propylene market is steadily expanding and is forecasted to continue its upward trajectory, achieving a compound annual growth rate (CAGR) of 2.6% from 2025 to 2030. As the demand for propylene increases, China has emerged as the leading consumer on a global scale. In 2024, the top three countries in terms of propylene production were China, the United States, and South Korea, reflecting their strategic positions in the global marketplace. The growth of the propylene market is driven by key industry developments and the expansion of production capacities in major countries. This trend is underpinned by a robust demand and supply chain analysis that reveals insightful patterns both by country and by propylene type. Industry experts highlight the significance of upcoming capacity additions, with several high-impact projects on the horizon in prominent markets. Stakeholders in this sector are keenly observing the evolving landscape. Upcoming capacity additions in key countries and the details of these projects are highly sought after, as they are indicative of future market trends and potential investment opportunities. These data points provide valuable foresight into the propylene market's direction and the strategic moves of leading players. For industry players and market analysts, a comprehensive understanding of demand and supply dynamics is crucial. The forthcoming years will see a coordinated push towards expanding capacity, optimizing production processes, and ensuring sustainable growth across the industry. Consequently, market participants are advised to keep a vigilant eye on these developments to make informed strategic decisions, capitalizing on propylene's critical role in the chemical industry. The propylene market remains a robust and dynamic sector with substantial growth opportunities. As the demand for propylene continues to rise globally, the industry is poised to innovate and expand its capabilities. Market analysis and forecasts will play an essential role in navigating this dynamic environment, offering insights into both current dynamics and future projections in the global market. Key Topics Covered: Executive Summary Key Demand & Supply Drivers Developing Asian Countries & Major Trade Flows Global Capacity Additions Polypropylene Demand End-User Industries Technology & Production Key Projects For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
