Asia to spearhead the global acetic acid capacity additions by 2030

Core Insights - Asia is set to lead global acetic acid capacity additions by 2030, driven by strong domestic demand and robust petrochemical infrastructure [1] - The region is expected to add 9.92 million tonnes per annum (mtpa) of acetic acid production capacity from 2025 to 2030, primarily from China, India, and Indonesia [2] Regional Capacity Additions - China will contribute the largest share with 5.80 mtpa from six upcoming projects by 2030 [2] - India is expected to add 3.60 mtpa, with the most significant project being the Reliance Industries Jamnagar Acetic Acid Plant, set to start operations in 2030 with a capacity of 3.0 mtpa [3] - Indonesia will account for 0.52 mtpa of the total capacity additions in the region [2] Notable Projects - The Guangdong Shengyuanda Technology Jieyang Acetic Acid Plant in China is projected to come online in 2027 with a capacity of 1.50 mtpa [4] - Other significant projects in China include the Zhejiang Petrochemical Daishan Acetic Acid Plant, ShengHong Holding Group Lianyungang Acetic Acid Plant, and Sichuan Ruibo New Energy Materials Zigong Acetic Acid Plant, each expected to add 1 mtpa [5] Other Regions - The Middle East is expected to add approximately 0.35 mtpa of new capacity, supported by projects in Iran and Oman [8] - Africa is projected to add about 0.28 mtpa from an announced project in Egypt [8] Additional Information - Further details on global acetic acid capacity and capital expenditure can be found in GlobalData's report titled 'Acetic acid Industry Capacity and Capital Expenditure Forecasts with Details of Active and Planned Plants to 2030' [9]