Asia to lead global acrylic acid capacity additions
Asia to lead global acrylic acid capacity additions DUBAI, December 22, 2020 Asia will lead the capacity additions with the region’s acrylic acid capacity expected to increase from 5.44 mtpa in 2019 to 7.00 mtpa in 2024 at an average annual growth rate (AAGR) of 5.1%. GlobalData’s report, ‘Global Acrylic Acid Industry Outlook to 2024 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants’ reveals that Asia is expected to have a new-build and expansion acrylic acid capacity of 1.57 mtpa from 12 new-build and expansion projects. Wit...
Source: tradearabia.com