India is expected to register the highest styrene-butadiene-rubber (SBR) capacity additions globally between 2021 and 2025, contributing about 95% of the total capacity additions by 2025, says GlobalData, a data and analytics company.
GlobalData’s report, ‘Global Styrene-Butadiene-Rubber (SBR) 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 SBR capacity addition of 6.65 million tonnes per annum (mtpa) by 2025. Out of this, 0.05 mtpa will be from planned projects and 6.60 mtpa from announced projects.
GlobalData identifies China as the second-highest country in terms of capacity additions with a capacity of 0.30 mtpa by 2025. Fujian Gulei Petrochemical Company Zhangzhou SBR Plant, Sinopec Hainan Refining & Chemical Yangpu SBR Plant, and Zhejiang Petrochemical Daishan SBR Plant are the three plants that account for the entire capacity additions in the country with 0.10 mtpa each, respectively.
Iran is the third highest country in terms of capacity additions where the total capacity additions will be from a planned project Sadaf Petrochemical Assaluyeh SBR Plant with a capacity of 0.14 mtpa in 2021.
Reliance Industries Ltd, Sadaf Petrochemical Assaluyeh Co, and China Petrochemical Corp will be the top three companies globally in terms of planned and announced capacity additions over the outlook period.