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China to account for more than quarter of caustic soda capacity additions in Asia by 2026, forecasts GlobalData

 

August 26, 2022 (Investorideas.com Newswire) China will register the highest caustic soda capacity additions in Asia, contributing about 41% of the region's capacity additions by 2026, estimates GlobalData, a leading data and analytics company.

GlobalData's latest report, 'Caustic Soda Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All Active Plants, Planned and Announced Projects, 2022-2026' reveals that China leads with the largest capacity additions globally, with a capacity of 2.30 mtpa from 6 planned projects.

Sudarshini Ennelli, Oil and Gas Analyst at GlobalData, comments: "In China, the major capacity addition will come from a planned project, Xinjiang Zhongtai Chemical Company Baicheng Caustic Soda Plant, with a capacity of 0.80 mtpa. It is expected to commence production of caustic soda in 2024".


Tianjin Bohai Chemical Development Company Tianjin Caustic Soda Plant follow with second highest capacity additions of 0.60 mtpa by 2030. The plant is expected to commence operations by 2022.

Sudarshini concludes: "Fujian Southeast Electrochemical Fuzhou Caustic Soda Plant 2 and Guangxi Huayi New Materials Qinzhou Caustic Soda Plant 1 are the third highest contributors in terms of capacity additions in the country accounting for 0.30 mtpa capacity each. Both the plants are expected to commence production of caustic soda by 2023".

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Analysts available for comment. Please contact the GlobalData Press Office:

EMEA & Americas: +44 (0)207 832 4399
Asia-Pacific: +91 40 6616 6809
Email: pr@globaldata.com

Notes to Editors

About GlobalData

4,000 of the world's largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData's unique data, expert analysis and innovative solutions, all in one platform. GlobalData's mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.

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