Global Propylene Industry Is Expected to Spend Around US$16.9 Billion by 2019 - China and US to Drive Propylene Industry Expansion
Global propylene capacity will experience considerable growth in the next five years with increase from 101.3 MMTPA in 2014 to 127.1 MMTPA by 2019. Large capacity additions with more than 50 planned projects are expected to come online primarily in the China, US and Iran in the next five years. CNOOC Limited, Petroliam Nasional Berhad and C3 Petrochemicals LLC are the top three companies by capacity additions expected to come on-stream by 2019.
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