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Acetona China
Acetona China
CNCIC Consulting
GraceZeng
DeputyManagerDirector CNCIC zengsn@cncic.gov.cn
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Copyright CNCIC Consulting
ChinaNational ChemicalInformation Center
CNCIC Consulting
CONTENT
Current status of China phenol/acetone industry Forecast for China phenol/acetone industry Conclusions
ChinaNational ChemicalInformation Center
CNCIC Consulting
Current status
China accounted for 12% of g global phenol p capacities p and 15% global g phenol p consumption.
WORLD PRODUCTION OF PHENOL PHENOL-2012 2012
Other Regions 9%
Producers of phenol are mainly located in Asia, United States and Western Europe In 2012, global phenol capacity was 10750kt/a; Chinese phenol capacity was 1295kt/a In I 2012, 2012 global l b l phenol h l consumption ti was9600kt; 9600kt Chi Chinese phenol h l consumption ti was 1470kt
Source: CNCIC
ChinaNational ChemicalInformation Center
CNCIC Consulting
Current status
China accounted for 11% of g global acetone capacities p and 21% global g acetone consumption.
WORLD PRODUCTION OF ACETONE-2012 ACETONE 2012
Other Regions 10% United States 26%
China 21%
China 11%
Western Europe 23% Western Europe 23%
Around 90% of acetone is produced through cumene process. Another 10% of acetone is produced through IPA dehydrogenation process and by-product of cresol manufacture from cymene In 2012, global acetone capacity was 6750kt/a; Chinese acetone capacity was 785kt/a In 2012, global acetone consumption was 5950kt; Chinese acetone consumption was 1240kt
Source: CNCIC
ChinaNational ChemicalInformation Center
CNCIC Consulting
Current status
ChinaNational ChemicalInformation Center
CNCIC Consulting
Current status
CAGR15.3% CAGR12%
CAGR of global phenol/acetone capacity was 3% from 2007 to 2012 By the end of 2012, the capacity of phenol in China is 1.3 million tons and that of acetone is roughly 800 kt
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Source: CNCIC
ChinaNational ChemicalInformation Center
CNCIC Consulting
Current status
Bluestar Haerbin 120kt/a Jilin Petrochemical company120kt/a Sinopec/SABICTianjin company 350kt/a Lihuayi Group350kt/a
Sinopec Shanghai Gaoqiao company360kt/a Shiyou Chemical320kt/a HuiZhou Chung Shun p y200kt/a Chemical company
Source: CNCIC
ChinaNational ChemicalInformation Center
CNCIC Consulting
Current status
Share of state-owned company p y in Chinese p phenol/acetone producers p decreased gradually from 2006.
TYPES OF PHENOL/ACETONE PRODUCERS IN CHINA
Sinopec accounted for 56% of phenol/acetone capacity p y Chinese p in 2011, but in 2012 it fell to 38%
State-owned Company Name Sinopec PetroChina ChemChina Lihuayi Group Sub-total Capacity (kt/a) 795 120 120 350 1385 %in Total 38 6 6 17 67
Foreign Funded Company Name Kingboard SABIC Sub-total Capacity (kt/a) 520 175 695 %in Total 25 8 33
ChinaNational ChemicalInformation Center
CNCIC Consulting
Current status
There has always y been a supply-demand pp y gap g p in the phenol p market and the foreign dependence was 40% in 2012.
OUTPUT AND DEMAND OF PHENOL FROM 2002 TO 2012 IN CHINA
kt
CAGR8% CAGR16%
Chinas demand for phenol has been steadily increasing over last 10 years In 2012, Chinas phenol demand stood at 1.5 million tons
Source: CNCIC
ChinaNational ChemicalInformation Center
CNCIC Consulting
Current status
Gap=Demand-Output Phenol import by countries (2012): Thailand (18%), Spain (16%) Japan (16%), J (14%) , Taiwan T i Province (14%) and Singapore (12%) LOCATION OF SUPPLY-DEMAND GAP OF PHENOL IN CHINA
Supply-demand gap was mainly located in Jiangsu Province, Province Shandong Province, Province Zhejiang Province and Fujian Province Supply-demand gap in these 4 provinces , accounting g for 65% of total. was 370kt/a,
Source: CNCIC
ChinaNational ChemicalInformation Center
CNCIC Consulting
Current status
There is a strong g demand for acetone in China and the foreign g dependence p reached 56% in 2012.
OUTPUT AND DEMAND OF ACETONE FROM 2002 TO 2012 IN CHINA
kt
In 2012, Chinas acetone demand stood at over 1.2 million tons There has been a larger supply-demand gap in the acetone market than phenol
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ChinaNational ChemicalInformation Center
CNCIC Consulting
Current status
Acetone import by countries (2012): Taiwan Province (23%), (21%), ) Thailand United States ( (11%), Korea (10%) and Belgium (9%)
Supply-demand gap was mainly located in Jiangsu Province, Shandong Province, Zhejiang Province , Fujian Province, Guangdong Province and Jilin Province Supply-demand gap in these 6 provinces was 400kt/a, 400kt/a accounting for 58% of total. total
Source: CNCIC
11
ChinaNational ChemicalInformation Center
CNCIC Consulting
Current status
What foreign g investors are concerned about is if there will still be a large g supply- demand gap of phenol/acetone in China in the future.
SUPPLY-DEMAND GAP OF PHENOL IN CHINA
kt
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ChinaNational ChemicalInformation Center
CNCIC Consulting
CONTENT
Current status of China phenol/acetone industry Forecast for China phenol/acetone industry Conclusions
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ChinaNational ChemicalInformation Center
CNCIC Consulting
Forecast
Shanghai Sinopec Mitsui Chemicals CEPSA Formosa Chemicals & Fibre Changchun Group Xinjiang Datang Jiulong Qidong Sedin New Materials (CNCEC) Jiangsu Yangnong Chemical group Sinopec Beijing Yanshan company INEOS Phenol Jiangsu Haili Chemical Industry Beijing Huifuyuan Total
Shanghai Shanghai Liaoning Jiangsu Xinjiang Jiangsu Jiangsu Beijing Jiangsu Jiangsu Xinjiang