China PX Capacity Almost Double in 2025
China’s PX capacity rose slowly from 2010 to 2015, was stuck till 2018, and then rose rapidly in 2019 and 2020.
China’s PX capacity is mainly distributed in costal East China and South China regions. And the capacity is centralized in state-owned and private enterprises with strong financial and technical strength. Most of the enterprises have matched feedstock, and PTA enterprises are extending their industry chains upward.
2020-2025 will see intensive capacity expansion of PX. The concentration ratio of the industry will further improve, and leading enterprises will enjoy notable advantages.
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