Page 182 - CW E-Magazine (19-12-2023)

Indian Petrochem 2023 Conference

100 100 90 CAGR 1.2% 74
CAGR 2.5% 140 CAGR 3.3% 100% 80 73
80 80 120 70 72
80% 71
100 60
60 60 60% 50 70
80 69
60 40
40 40 40% 30 68
40 67
20 20 20 20% 20 66
10
0 0% 65
0 0 2021 2022 2023(E) 2024 2025 2026 0 64
2018 2019 2020 2021 2022 2023(E) Capacity Production OR (% RHS) 2018 2019 2020 2021 2022 2023(E)
Capacity Production OR (% RHS) (MTPA) (MTPA) Capacity Production OR (% RHS)
(MTPA) (MTPA) (MTPA) (MTPA)
Global PX balance Global PTA balance Global Benzene balance
Source: Woodmac Source: Woodmac Source: ICIS
higher operating rates, which ends up Meanwhile, Indian PTA capa- those to the west shrinking,” informed
hurting the standalone players,” said city has remained stagnant and imports Mr. Sampat. The new benzene capaci-
Mr. Sampat. have grown to meet robust demand ties in China are mostly in mega refi ne-
from polyesters. ries and these have been accompanied
Even in purifi ed terephthalic acid by downstream investments. Mean-
(PTA), the business is getting increas- In the benzene market, China add- while in India, the lack of downstream
ingly concentrated with integrated play- ed 15-mtpa of benzene downstream capacities, like for styrene, has stunted
ers in China. The country now accounts capacity from 2019 to 2023. This has led consumption growth. “The absence
for almost two-thirds of the global PTA to lower import demand for styrene and of styrene monomer production has
capacity and demand. “New PTA ex- phenol. “The benzene and styrene/phe- distorted the Indian benzene profi le,
pansions will continue to demand PX nol trade dynamics have shifted with making the country a large benzene
in China,” he said. benzene imports to NEA growing and exporter,” he said.

Chemical Weekly Buyers’ Guide
www.cwbg.in
www.cwbg.in
Pocket-Friendly Pay-as-you-use Subscription Plans

Opt for a scheme that suits your needs and make best use of India’s most authentic directory
for sourcing chemicals and related products.
Subscription plans
Plan Hours of usage INR* USD*
Plan 25 25 1,500 25
Plan 50 50 2,500 50 Web-Based
Plan 100 100 4,500 75 Directory
Plan 150 150 6,000 100 on Indian
*Plus GST @ 18% applicable Chemical Industry
For more information or for a FREE trial contact: and Trade

Mr. Kiran Iyer Mr. Abhishek Vora
kiran@chemicalweekly.com abhi@chemicalweekly.com
Chemicals & Search & download
Chemical Weekly Database Pvt. Ltd. related products / data on 8,500+
602-B, Godrej Coliseum, K.J. Somaiya Hospital Road, Equipment & Manufacturers /
Behind Everard Nagar, Sion (E), Mumbai - 400 022. Instrumentation / Dealers / Indentors /
Phone: +91-22-24044471 72 Consultants Merchant Exporters

182 Chemical Weekly December 19, 2023

Contents Index to Advertisers Index to Products Advertised