Chemical Market Overcapacity | ICIS China’s forecast increase of 18 7m tonnes year of chemical capacity in 2024 will account for 81% of the total global increase in capacity In 2024, China is forecast to account for 23% of global ethylene capacity, the core building block for over 75% of petrochemical products
Global chemicals in the crosshairs: Why China’s overcapacity demands a . . . China’s overcapacity is not a temporary distortion—it’s the new gravity center of global chemicals That forces a difficult but necessary question for Western players: What is our right to win in a market where the low-cost producer can out scale, outlast, and undercut almost everyone else?
Chemical Trends H2 2024: Download the Report - S P Global The report delves into market fundamentals, geopolitical factors, logistics and the broader economy, addressing challenges such as persistent overcapacity and low demand in some sectors
China’s Chemical Overcapacity: Policy Signals vs. Operational Reality China’s chemical overcapacity dominates industry conversations, and most analysts agree on the contours: capacity is excessive, Beijing has acknowledged the problem through anti-involution policies, and pressure is concentrated in Southeast Asian markets
China ethylene capacity to expand rapidly in the backdrop of reducing . . . Under the background of "reducing refined oil and increasing chemicals", the ethylene industry may see a peak in new production capacity As the cornerstone of petrochemical industry, ethylene is an important indicator of a country's petrochemical strength
China’s Stimulus Measures to Boost Chemical Demand; Capacity Additions . . . The Chinese chemical industry’s capital investment and capacity additions remained strong in 2024, although growth slowed from the peak in 2021 Polypropylene and polyethylene capacity increased, reflecting China's ongoing expansion to enhance its production capability
China Chemical Industry 2026 - leadingmarketresearch. com Around 18 7 million tons of chemical capacity were added in China in 2024 alone Chinese overcapacity has driven global commodity chemical prices to multi-year lows, forced significant plant closures in Europe, and reshaped global trade flows