Polyethylene to lead global upcoming petrochemicals project starts by 2030

Core Insights - Polyethylene, polypropylene, and ammonia are expected to dominate global petrochemical project starts by 2030 due to strong economic growth and rising demand from various sectors such as packaging, automotive, medical, construction, and agriculture, particularly in China, India, and Iran [1] Polyethylene - A total of 127 polyethylene projects are anticipated to commence between 2025 and 2030, with most being new builds and a few expansions [2] - China is projected to lead globally, accounting for one-third of the upcoming polyethylene projects, all of which will be new builds and primarily under construction [2] - Iran and Russia are expected to follow with 20 and 17 projects respectively [2] Polypropylene - There are 121 polypropylene projects expected to start operations by 2030, with 118 being new builds and the remainder expansions of existing projects [4] - China will again lead, accounting for over 40% of these projects, with 35 currently under construction likely to commence operations by 2030 [4] Ammonia - Ammonia ranks next with 83 new build and nine expansion projects expected to begin operations by 2030 [5] - The US leads in project starts with 16 projects, followed by Australia and China, each with eight [5] - Currently, the US has three projects under construction, China has four, and Australia has one [5] Additional Information - Further details on petrochemical projects expected to come online from 2025 to 2030 can be found in GlobalData's report titled "Petrochemicals New-Build and Expansion Projects Outlook by Key Commodities, Region and Development Stage to 2030" [5]