Asia to spearhead the global acetic acid capacity additions by 2030

Asia is poised to spearhead the planetary acetic acerb capableness additions by 2030 owed to beardown and expanding home demand, supported by robust petrochemical infrastructure and targeted investments. Acetic acid, besides called ethanoic acid, is simply a versatile chemic utilized to manufacture vinyl acetate monomer (VAM), a cardinal constituent successful paints and adhesives. It is besides wide utilized successful pharmaceuticals, textiles, inks, dyes, and the nutrient industry.

Asia is anticipated to adhd acetic acerb accumulation capableness of 9.92 cardinal tonnes per annum (mtpa) during 2025 to 2030 from 5 planned and announced projects, each. China, India and Indonesia are apt to beryllium the lone countries that relationship for the full capableness additions successful the region. China is poised to lead, with a capableness of 5.80mtpa from six upcoming projects by 2030. India and Indonesia travel next, with a capableness of 3.60mtpa and 0.52mtpa, respectively.

However, the highest capableness summation successful the portion is expected from an announced task successful India – “Reliance Industries Jamnagar Acetic Acid Plant”. The task is being planned successful the Gujarat state, and is expected to commencement operations successful 2030 with a capableness of 3.0mtpa. Reliance O2C Ltd is the designated relation of this task portion Reliance Industries Ltd holds the 100% equity stake.

The adjacent highest capableness summation successful the portion is from the “Guangdong Shengyuanda Technology Jieyang Acetic Acid Plant”. Proposed successful the Guangdong province, China, this task is expected to travel online successful 2027 with a capableness of 1.50mtpa.

The different large upcoming projects successful the portion are the “Zhejiang Petrochemical Daishan Acetic Acid Plant”, the “ShengHong Holding Group Lianyungang Acetic Acid Plant” and the “Sichuan Ruibo New Energy Materials Zigong Acetic Acid Plant”. All are being projected successful China, with each of these projects expected to witnesser a capableness summation of 1mtpa during the outlook period.

Other than Asia, the Middle East and Africa are the lone 2 regions that are expected to witnesser capableness additions by 2030. About 0.35mtpa of caller capableness is apt to beryllium added successful the Middle East, supported by 1 task each successful Iran and Oman. While successful Africa, a capableness of astir 0.28mtpa is apt to beryllium added from an announced task successful Egypt.

Further details of planetary acetic acerb capableness and capex investigation tin beryllium recovered successful GlobalData’s caller report, ‘Acetic acerb Industry Capacity and Capital Expenditure Forecasts with Details of Active and Planned Plants to 2030’.