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Asia is set to lead the global styrene-butadiene rubber (SBR) industry capacity additions with a share of 98%, driven by the addition of capacities from new-build and expansion projects between 2022 and 2026, forecasts GlobalData, the data and analytics company.
GlobalData’s latest report Styrene-Butadiene-Rubber (SBR) Industry Installed Capacity and Capital Expenditure (CapEx) Market Forecast by Region and Countries including details of All Active Plants, Planned and Announced Projects, 2022-2026, reveals that the total SBR capacity of new-build and expansion projects in Asia is expected to reach 6.8 million tonnes per annum (mtpa) in 2026.
Sudarshini Ennelli, Oil and Gas Analyst at GlobalData, comments: “For the upcoming new build projects, Asia is expected to add a capacity of 6.61mtpa from three new build planned and announced projects, whereas for the expansion projects, the region is anticipated to add a capacity of 0.15 mtpa from two planned and announced projects.”
India and China are the only countries that are expected to witness SBR capacity additions in Asia. A major capacity addition in India will be from an announced project, Reliance Industries Jamnagar Styrene-Butadiene Rubber (SBR) Plant, with a capacity of 6.50mtpa, followed by Indian Synthetic Rubber Panipat Styrene-Butadiene Rubber (SBR) Plant with 0.10mtpa capacity.
Sudarshini concludes: “In China, the capacity additions will be from two planned plants, Sinopec Hainan Refining & Chemical Yangpu Styrene-Butadiene Rubber (SBR) Plant with a capacity of 0.10mtpa and PetroChina Guangxi Petrochemical Company Qinzhou Styrene-Butadiene Rubber (SBR) Plant with 0.01mtpa.”