Category: Analyst Comment

Global oil and gas contracts reported a quarter-on-quarter decrease in total disclosed value, with $36.48bn in Q3 2025 as compared to $41.22bn in Q2 2025.

Globally, most industrial players have pledged to achieve net-zero emission goals by a certain deadline, more commonly by 2050.

The automotive sector is undergoing a profound transformation of late, marked by fundamental shifts in vehicle technology, manufacturing processes, supply chains, business models, and workforce requirements.

Asia is poised to spearhead the global bisphenol A capacity additions by 2030 due to strong and increasing domestic demand.

Asia is poised to spearhead the global acrylonitrile butadiene styrene (ABS) capacity additions by 2030 mainly due to its escalating demand from the automotive, electronics, and construction industries.

Polyethylene, polypropylene, and propylene are set to lead the upcoming petrochemical project starts in the Middle East by 2030, driven by the availability of abundant, low‑cost hydrocarbon feedstock such as natural gas, growing urbanisation and industrialisation, and government policies for economic diversification.

Contractors, who help conceptualise, build, and maintain highly complex oil and gas facilities, are also the critical enablers of decarbonisation of the industry.

The region will add 8.56 million mtpa of polypropylene production capacity between 2025 and 2030 from 22 upcoming projects.

Rapid urbanisation, expanding middle‑class consumption and ongoing industrialisation across key Asian markets are accelerating demand.

Of the 121 polypropylene projects to commence operations by 2030, 118 are new build and the rest are expansions of existing projects.