Global Petrochemical Oversupply: How India, China, and Korea Are Redrawing the Industry Map

Vinodhini Harish

30 Dec 2025
India, South Korea, and China illustrate distinct responses to global petrochemical oversupply. Decades of aggressive capacity additions, especially by China and Middle Eastern countries, alongside slowing global demand, have created a persistent oversupply beyond what market forces alone can resolve. South Korea’s focus is on policy-driven capacity correction, while China’s response showcases the impact of large-scale, state-led expansion. The analysis reveals a shift: the industry is shaped no;

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