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Strong industrial demand to drive Asia’s PTA capacity additions by 2030
Yahoo Finance· 2025-10-10 16:08
Core Insights - Asia is set to lead global purified terephthalic acid (PTA) capacity additions by 2030, driven by rising demand from the packaging and textile sectors [1][6] - The region is expected to add 28.8 million tonnes per annum (mtpa) of PTA production capacity from 2025 to 2030, with China, India, and Brunei being the primary contributors [2][6] Regional Capacity Additions - China will account for the largest share of capacity additions, reaching 17.2 mtpa from seven upcoming projects by 2030 [2] - Three major projects in China are expected to contribute significantly, each with a capacity of 3 mtpa, including two plants in Guangxi and one in Fujian [3] - In India, Reliance Industries is planning to add 3 mtpa with its Dahej Purified PTA Plant 3, expected to commence in 2027 [4] - Brunei's Hengyi Industries is set to add 2.5 mtpa with its Pulau Muara Besar Purified PTA Plant, expected to come online in 2029 [4] Other Key Regions - The Middle East is projected to add 2.5 mtpa by 2030, primarily from two planned projects in Saudi Arabia, each contributing 1.25 mtpa [5]