India is expected to register the major expandable polystyrene (EPS) capacity additions globally between 2021 and 2025, contributing about 60% of the total capacity additions by 2025, says GlobalData, a data and analytics company.
GlobalData’s report, ‘Global Expandable Polystyrene (EPS) Industry Outlook to 2025 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants’ reveals that India is likely to witness a total EPS capacity additions of 0.18 million tonnes per annum (mtpa) by 2025, Out of this, 0.15 mtpa is from planned projects and 0.03 mtpa is from announced projects.
Teja Pappoppula, Oil and Gas Analyst at GlobalData, says: “In India, Supreme Petrochem Nagothane Expandable Polystyrene (EPS) Plant 2 is the major upcoming new-build project, which is likely to add capacity of 0.15 mtpa by 2025 and will be operated by Supreme Petrochem Ltd.”
Iran stands next on the list in terms of capacity additions where the total capacity additions will be from a planned project Dalahoo Kimiya Industry Company Assaluyeh Expanded Polystyrene Plant with a capacity of 0.12 mtpa in 2021.
Supreme Petrochem Ltd, Kimiya Sanaye Dalahoo Co, and LG Chem Ltd are the only three companies globally in terms of planned and announced capacity additions over the outlook period.