Lagos — China is likely to witness most of the acrylonitrile butadiene styrene (ABS) capacity additions globally by 2028, contributing about 95% of the total capacity additions from 13 upcoming projects, says GlobalData, a leading data and analytics company.
GlobalData’s latest report, “Acrylonitrile Butadiene Styrene (ABS) Industry Outlook by Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants to 2028” reveals that China is likely to witness an ABS capacity additions of 5.34 million tonnes per annum (mtpa) during 2024 to 2028 from eight planned and five announced projects.
Nivedita Roy, Oil & Gas Analyst at GlobalData, Comments: “ABS is a thermoplastic polymer of petrochemical origin that finds wide applications in various industries such as automotive, construction, and packaging. China is the largest producer and consumer of ABS in the world. Growing demand for ABS is further necessitating the capacity additions in the country.”
In China, Shandong Yulong Petrochemical Longkou ABS Plant is a major upcoming project with a capacity of 0.60 mtpa. The plant is currently under the commissioning stage and is expected to commence production of ABS this year. Shandong Yulong Petrochemical is the operator with a 90% equity stake in the project.
The Jilin Petrochemical Company Jilin ABS Plant 5 is another important upcoming plant in the country, which is expected to start operations with a similar capacity of 0.60 mtpa. It is currently under construction in the Jilin Petrochemical Company Jilin Complex and is likely to come on stream in 2025.
