China to account for more than quarter of caustic soda capacity additions in Asia by 2026, forecasts GlobalData
August 26, 2022 (Investorideas.com Newswire) China will register the highest caustic soda capacity additions in Asia, contributing about 41% of the region’s capacity additions by 2026, estimates GlobalData, a leading data and analytics company.
GlobalData’s latest report, ‘Caustic Soda Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All Active Plants, Planned and Announced Projects, 2022-2026‘ reveals that China leads with the largest capacity additions globally, with a capacity of 2.30 mtpa from 6 planned projects.
Sudarshini Ennelli, Oil and Gas Analyst at GlobalData, comments: “In China, the major capacity addition will come from a planned project, Xinjiang Zhongtai Chemical Company Baicheng Caustic Soda Plant, with a capacity of 0.80 mtpa. It is expected to commence production of caustic soda in 2024”.
Tianjin Bohai Chemical Development Company Tianjin Caustic Soda Plant follow with second highest capacity additions of 0.60 mtpa by 2030. The plant is expected to commence operations by 2022.
Sudarshini concludes: “Fujian Southeast Electrochemical Fuzhou Caustic Soda Plant 2 and Guangxi Huayi New Materials Qinzhou Caustic Soda Plant 1 are the third highest contributors in terms of capacity additions in the country accounting for 0.30 mtpa capacity each. Both the plants are expected to commence production of caustic soda by 2023”.
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Notes to Editors
Quotes provided by Sudarshini Ennelli, Oil & Gas Analyst at GlobalData
Information based on GlobalData’s report: Caustic Soda Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All Active Plants, Planned and Announced Projects, 2022-2026‘
This press release was written using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData’s team of industry experts
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