Insight
Global ethylene industry: risk of rationalization returns
Report summary
Between now and 2025, the world will invest in approximately 68 million metric tons of new ethylene capacity, almost 50 percent more than our ethylene demand growth projection over the same period. Capacity additions are being driven by traditional chemical companies reinvesting recent returns, plus ethane availability in North America and much more rapid development of refining-chemical integration in the Middle East and Asia Pacific. This investment on multiple fronts is expected to push the global ethylene industry into bottom-of-cycle conditions by the mid-2020s. It comes after a recent period of strong utilization rates and profitability in most parts of the world. Wood Mackenzie assesses that the top-of-cycle in global operating rates has already occurred in 2018. This insight will aim to provide more focus on the geographical locations we see as particularly exposed to the threat of closure and our rationale behind this.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Polyester conference presentations 2019
Polyester conference papers detailing feedstock developments through raw materials to polyester fibres, PET resin and recycling.
$1,050
Commodity Market Report
Global product markets weekly: Gasoline cracks surge on tighter stocks
Weekly review of global refining margins across NW Europe, the Med, US Gulf Coast, New York Harbour, Singapore and the Middle East Gulf.
$1,050
Insight
Global thermal coal webinar - where next for prices?
Wood Mackenzie held a webinar on 27 February, where we discussed three things to watch for in global thermal coal markets in 2018.
$1,100