Market Study: Propylene - China

Introduction

With its market study "Propylene - China", Ceresana is setting new standards. For the very first time this market report provides complete transparency regarding current and future development, market trends, market size and market growth of the entire propylene value chain. The entire Chinese propylene market is analyzed. Attention is also given to various downstream products at various points of the value chain until final end applications.

Propylene - Important Petrochemical

The importance of propylene as major feedstock in the petrochemical industry can be seen in the immense demand volume. In 2013, China single-handedly processed more than 18 million tonnes of propylene. Thus, propylene, besides ethylene, is the most important petrochemical feedstock in the Chinese chemical industry. Downstream industries manufacture a range of products based on propylene. Direct applications include, besides the plastic polypropylene (PP), chemicals such as propylene oxide (PO), acrylonitrile, cumene, butyraldehyde and acrylic acid. This study shows in great detail where the propylene manufactured will be processed in the future.

Non-Crude Oil Based Production to be Increased

As a result of the limited Chinese crude oil resources, manufacturers of propylene are dependent in imports. A large share of propylene output occurs as either by-product of ethylene in steam crackers or catalytic cracking in refineries. Both processes predominantly use crude oil. Output of non-crude oil based propylene products is to be increased considerably in the future. In order to achieve this goal, utilization of CTO technology (coal to olefins) and production of propylene by dehydration of propane are to be expanded. Several production sites based on these technologies are scheduled to become operational in upcoming years.

Polypropylene Prime Application

Polypropylene (PP) will remain the by far largest sales market for propylene. According to analyses of Ceresana, Chinese demand for this plastic will increase by more than 5% until 2021. Polypropylene (PP) is one of the most versatile packaging materials. Other applications include fibers, textiles, vehicle parts, electrical devices and household goods.

Highest Growth Rate for Cumene

Ceresana expects Chinese propylene demand in the production of cumene to rise at double-digit growth rates in the next eight years. In China, cumene is almost exclusively used to produce phenol and acetone. Important applications for phenol are phenolic resins and bisphenol A. Phenolic resins are used for, e.g., rigid foam boards in building insulation or for printed circuit boards in the electrical industry. Bisphenol A is an important monomer for the production of high-quality polymers such as polycarbonate and epoxy resin. More than 90% of Chinese demand for bisphenol A originates in the manufacturing of these products.

ABS and Acrylic Fibers Prime Market for Acrylonitrile

The development of the Chinese acrylonitrile market is highly dependent on the applications acrylonitrile-butadiene-styrene (ABS) and acrylic fibers. Given its manifold applications in the growth sectors automotive, electrical and electronic as well as construction, demand for ABS is increasing dynamically. The market for acrylic fibers, on the other hand, does not grow notably, partly due to the lagging export business in the sector chemical fibers. In the future, demand for acrylic fibers will rise corresponding to the overall recovery of the global economy.

Ceresana: Market Study Propylene Value Chain China

The propylene value chain in China


The Study in Brief:

Chapter 1 offers a complete overview over the Chinese propylene market: Market data regarding revenues development, demand and production, existing and future capacities as well as trades are explained in detail.

Chapter 2 analyzes the market for derivatives of propylene. Data on demand, revenues, prices, production, trade and a list of manufacturers including current capacities is provided for the most important applications.

Section 2.1 is examining the market for polypropylene. Propylene oxide and the downstream markets propylene glycol, polyether polyol and polyurethane (PUR) will be covered under heading 2.2. Section 2.3 is dealing with the acrylonitrile value chain, from acrylonitrile to acrylonitrile-butadiene-styrene (ABS)/styrene-acrylonitrile (SAN) and acrylic fibers. Further segments depict and analyze markets for the propylene derivatives acrylic acid and for the alcohols butanol and 2-ethylhexanol. In addition, the market for the application cumene including the downstream products phenol and acetone is covered.

Chapter 3 offers a useful directory of producers within the Chinese propylene value chain. The profiles are clearly arranged according to contact detailed, sales, profit, product range, production sites, and summary profile.

Each profile also includes specific information about the value creation chain as well as current and future production capacities for propylene and its derivatives. These are split by site and product.

Extensive profiles of 87 producers are provided, including Sinopec, China National Petroleum, Shenhua Group, Zhangjiagang Yangzi River, CNOOC and Shell, Haiwei Group, Chi Mei, SunVic Chemical, Shandong Haili, Zhejiang Shaoxing Sanyuan and Shanghai Secco.
(Note: Profiles are assigned to the country in which the company or holding is headquartered. Company profiles also include joint ventures and subsidiaries).

Table of Contents

1 Market Data - Propylene
1.1 Demand
1.2 Revenues
1.3 Production
1.4 Capacities and Trade

2 Market Data - Derivatives
2.1 Polypropylene
Demand
Revenues
Production
Capacities and Trade
2.2 Propylene oxide
Demand
Revenues
Production
Capacities and Trade
2.2.1 Propylene glycol
Demand
Production
Capacities and Trade
2.2.2 Polyether polyol
Demand
Production
Capacities and Trade
2.2.2.1 Polyurethane (PUR)
Demand
Production and Trade
2.3 Acrylonitrile
Demand
Revenues
Production
Capacities and Trade
2.3.1 Acrylic fibers
Demand
Production
Capacities and Trade
2.3.2 Acrylonitrile-butadiene-styrene (ABS) / Styrene-acrylonitrile (SAN)
Demand
Production
Capacities and Trade
2.4 Butyraldehyde
Demand
Production
2.4.1 Butanol
Demand
Production
Capacities and Trade
2.4.2 2-Ethylhexanol (2-EH)
Demand
Production
Capacities and Trade
2.5 Cumene
Demand
Production
Capacities and Trade
2.5.1 Phenol
Demand
Production
Capacities and Trade
2.5.2 Acetone
Demand
Production
Capacities and Trade
2.6 Acrylic acid
Demand
Production
Capacities and Trade
2.7 Other Propylene Applications

3 Company Profiles
3.1 Western Europe
3.1.1 France (1 Producer)
3.1.2 Italy (1)
3.1.3 Spain (1)
3.1.4 Switzerland (1)
3.1.5 The Netherlands (1)
3.1.6 United Kingdom (1)
3.2 Eastern Europe
3.2.1 Russia (1)
3.3 North America
3.3.1 USA (5)
3.4 Asia-Pacific
3.4.1 China (59)
3.4.2 Hong Kong (1)
3.4.3 Macao (1)
3.4.4 Singapore (2)
3.4.5 South Korea (2)
3.4.6 Taiwan (4)
3.5 Middle East
3.5.1 Kuwait (1)
3.5.2 Saudi Arabia (2)
3.5.3 United Arab Emirates (1)

List of Graphs

Graph 1: Demand for propylene in China from 2005 to 2021
Graph 2: Demand for propylene in China from 2005 to 2021 - split by applications
Graph 3: Revenues generated with propylene from 2005 to 2021 in billion US$ and billion €
Graph 4: Production of propylene from 2005 to 2021 in million tonnes
Graph 5: Import and export of propylene in China from 2005 to 2021
Graph 6: Demand for polypropylene in China from 2005 to 2021
Graph 7: Revenues generated with polypropylene in China from 2005 to 2021 in billion US$ and billion €
Graph 8: Production of polypropylene in China from 2005 to 2021
Graph 9: Import and export of polypropylene in China from 2005 to 2021
Graph 10: Demand for propylene oxide in China from 2005 to 2021
Graph 11: Demand for propylene oxide in China from 2005 to 2021 - split by applications
Graph 12: Revenues generated with propylene oxide in China from 2005 to 2021 in billion US$ and billion €
Graph 13: Production of propylene oxide in China from 2005 to 2021
Graph 14: Import and export of propylene oxide in China from 2005 to 2021
Graph 15: Demand for propylene glycol in China from 2005 to 2021
Graph 16: Production of propylene glycol in China from 2005 to 2021
Graph 17: Import and export of propylene glycol in China from 2005 to 2021
Graph 18: Demand for polyether polyol in China from 2005 to 2021
Graph 19: Production of polyether polyol in China from 2005 to 2021
Graph 20: Import and export of polyether polyol in China from 2005 to 2021
Graph 21: Demand for polyurethane in China from 2005 to 2021
Graph 22: Production of polyurethane in China from 2005 to 2021
Graph 23: Import and export of polyurethane in China from 2005 to 2021
Graph 24: Demand for acrylonitrile in China from 2005 to 2021
Graph 25: Demand for acrylonitrile in China from 2005 to 2021 - split by applications
Graph 26: Revenues generated with acrylonitrile in China from 2005 to 2021 in billion US$ and billion €
Graph 27: Production of acrylonitrile in China from 2005 to 2021
Graph 28: Import and export of acrylonitrile in China from 2005 to 2021
Graph 29: Demand for acrylic fibers in China from 2005 to 2021
Graph 30: Production of acrylic fibers in China from 2005 to 2021
Graph 31: Import and export of acrylic fibers in China from 2005 to 2021
Graph 32: Demand for ABS/SAN in China from 2005 to 2021
Graph 33: Production of ABS/SAN in China from 2005 to 2021
Graph 34: Import and export of ABS/SAN in China from 2005 to 2021
Graph 35: Demand for butyraldehyde in China from 2005 to 2021
Graph 36: Demand for butyraldehyde in China from 2005 to 2021 - split by applications
Graph 37: Production of butyraldehyde in China from 2005 to 2021
Graph 38: Demand for butanol in China from 2005 to 2021
Graph 39: Production of butanol in China from 2005 to 2021
Graph 40: Import and export of butanol in China from 2004 to 2020
Graph 41: Demand for 2-ethylhexanol in China from 2005 to 2021
Graph 42: Production of 2-ethylhexanol in China from 2005 to 2021
Graph 43: Import and export of 2-ethylhexanol in China from 2005 to 2021
Graph 44: Demand for cumene in China from 2005 to 2021 - split by applications
Graph 45: Production of cumene in China from 2005 to 2021
Graph 46: Import and export of cumene in China from 2005 to 2021
Graph 47: Demand for phenol in China from 2005 to 2021
Graph 48: Demand for phenol in China from 2005 to 2021 - split by applications
Graph 49: Production of phenol in China from 2005 to 2021
Graph 50: Import and export of phenol in China from 2005 to 2021
Graph 51: Demand for acetone in China from 2005 to 2021
Graph 52: Production of acetone in China from 2005 to 2021
Graph 53: Import and export of acetone in China from 2005 to 2021
Graph 54: Demand for acrylic acid in China from 2005 to 2021
Graph 55: Production of acrylic acid in China from 2005 to 2021
Graph 56: Import and export of acrylic acid in China from 2005 to 2021
Graph 57: Demand for propylene in other applications in China from 2005 to 2021

List of Tables

Table 1: Demand for propylene in China from 2005 to 2021 - split by applications
Table 2: Propylene capacities in China in 2013 - split by producers
Table 3: Changes in propylene capacities in China - split by producers
Table 4: Polypropylene capacities in China in 2013 - split by producers
Table 5: Changes in polypropylene capacities in China - split by producer
Table 6: Propylene oxide capacities in China in 2013 - split by producers
Table 7: Changes in propylene oxide capacities in China - split by producers
Table 8: Propylene glycol capacities in China in 2013 - split by producers
Table 9: Polyether polyol capacities in China in 2013 - split by producers
Table 10: Acrylonitrile capacities in China in 2013 - split by producers
Table 11: Changes in acrylonitrile capacities in China - split by producers
Table 12: Acrylic fibers capacities in China in 2013 - split by producers
Table 13: ABS capacities in China in 2013 - split by producers
Table 14: Changes in ABS capacities in China - split by producers
Table 15: Butanol capacities in China in 2013 - split by producers
Table 16: 2-ethylhexanol capacities in China in 2013 - split by producers
Table 17: Cumene capacities in China in 2013 - split by producers
Table 18: Phenol capacities in China in 2013 - split by producers
Table 19: Acetone capacities in China in 2013 - split by producers
Table 20: Acrylic acid capacities in China in 2013 - split by producers
Table 21: Changes in acrylic acid capacities in China - split by producers