ppt acetona china
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ChinaNationalChemicalInformationCenter CNCIC Consulting
Review and Prospect of Chinese Market of Phenol and Acetone
Review and Prospect of Chinese Market of Phenol and AcetoneMarket of Phenol and AcetoneMarket of Phenol and Acetone
CPICSingapore 18th April 2013
CPICSingapore 18th April 2013Singapore,18th April,2013Singapore,18th April,2013
GraceZengDeputyManagerDirectorCNCICzengsn@cncic.gov.cn
Copyright CNCIC Consulting
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ChinaNationalChemicalInformationCenter CNCIC Consulting
CONTENT Current status of China phenol/acetone industry Forecast for China phenol/acetone industry Conclusions
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ChinaNationalChemicalInformationCenter CNCIC Consulting
China accounted for 12% of global phenol capacities and 15% global phenol Current status
WORLD PRODUCTION OF PHENOL 2012
g p p g pconsumption.
WORLD CONSUMPTION OF PHENOL-2012
United States
Other Regions9% United States
Other Regions8%
WORLD PRODUCTION OF PHENOL-2012 WORLD CONSUMPTION OF PHENOL-2012
United States26%
Oth A i
United States21%
Other Asia32%
China
Other Asia30%
China15%
32%
Western Europe23%
12%
Western Europe24%23% 24%
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
I 2012 l b l h l ti 9600kt Chi h l ti 1470kt
Source: CNCIC
In 2012, global phenol consumption was9600kt; Chinese phenol consumption was 1470kt
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ChinaNationalChemicalInformationCenter CNCIC Consulting
Current status
China accounted for 11% of global acetone capacities and 21% global acetone
WORLD PRODUCTION OF ACETONE 2012 WORLD CONSUMPTION OF ACETONE 2012
g p gconsumption.
United States26%
Other Regions10%
United States
Other Regions11%
WORLD PRODUCTION OF ACETONE-2012 WORLD CONSUMPTION OF ACETONE-2012
26%
Other Asia30%
19%
Other Asia26%
China
China21%
26%
Western Europe23%
11%
Western Europe23%
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
Source: CNCIC
In 2012, global acetone consumption was 5950kt; Chinese acetone consumption was 1240kt
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ChinaNationalChemicalInformationCenter CNCIC Consulting
All of phenol/acetone in China is produced through cumene process.Current status
p p g p
Producing 1t of phenol can co-produce around 0.62t of acetone Major technology providers include KBR (1230kt), Mitsui Chemicals (260kt) j gy p ( ), ( )
and UOP (590kt)
Benzene0.855 t
Cumene
Phenol1 t
Propylene0.5 t
1.315 tAcetone
0.62 t
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ChinaNationalChemicalInformationCenter CNCIC Consulting
Current status
Chinese phenol/acetone capacity increased rapidly in recent years. p p y p y y
CHINESE PHENOL/ACETONE CAPACITY FROM 2002 TO 2012kt/a
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
Source: CNCIC 5
roughly 800 kt
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ChinaNationalChemicalInformationCenter CNCIC Consulting
By the end of 2012, there were 8 phenol/acetone producers in china.Current status
Bluestar HaerbinSinopec Beijing Yanshan
y p p
Jilin Petrochemical company 120kt/a
Bluestar Haerbin120kt/acompany260kt/a
Sinopec/SABICTianjincompany 350kt/a
company120kt/a
Lihuayi Group350kt/a
Sinopec Shanghai Gaoqiaocompany360kt/a
HuiZhou Chung Shun Chemical company200kt/a
Shiyou Chemical320kt/a
p y
Source: CNCIC 6
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ChinaNationalChemicalInformationCenter CNCIC Consulting
Current status
Share of state-owned company in Chinese phenol/acetone producers
TYPES OF PHENOL/ACETONE PRODUCERS IN CHINA
p y p pdecreased gradually from 2006.
%
Sinopec accounted for 56% ofChinese phenol/acetone capacityp p yin 2011, but in 2012 it fell to 38%
PHENOL/ACETONE CAPACITY OF STATE-OWNED COMPANY IN CHINA-2012
PHENOL/ACETONE CAPACITY OF FOREIGN FUNDED COMPANY IN CHINA-2012
State-owned Company
Name Capacity (kt/a) %in Total
Foreign Funded Company
Name Capacity (kt/a) %in Total
Sinopec 795 38
PetroChina 120 6
ChemChina 120 6
Kingboard 520 25
SABIC 175 8
Sub-total 695 33
Lihuayi Group 350 17
Sub-total 1385 67 7
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ChinaNationalChemicalInformationCenter CNCIC Consulting
Current status
There has always been a supply-demand gap in the phenol market and the y pp y g p pforeign dependence was 40% in 2012.
OUTPUT AND DEMAND OF PHENOL FROM 2002 TO 2012 IN CHINA
kt
CAGR16%
CAGR8%
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 8
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ChinaNationalChemicalInformationCenter CNCIC Consulting
Supply-demand gap of phenol decreased 21% in 2012.Current status
SUPPLY-DEMAND GAP OF PHENOL IN CHINA
kt
pp y g p p
Gap=Demand-Output Phenol import by countries
(2012): Thailand (18%), Spain(16%) J (14%) T i(16%), Japan (14%) , TaiwanProvince (14%) and Singapore(12%)
LOCATION OF SUPPLY-DEMAND GAP OF PHENOL IN CHINA
Supply-demand gap was mainly locatedin Jiangsu Province Shandong Provincein Jiangsu Province, Shandong Province,Zhejiang Province and Fujian Province
Supply-demand gap in these 4 provinceswas 370kt/a, accounting for 65% of total.
Source: CNCIC
, g
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ChinaNationalChemicalInformationCenter CNCIC Consulting
Current status
There is a strong demand for acetone in China and the foreign dependence g g preached 56% in 2012.
OUTPUT AND DEMAND OF ACETONE FROM 2002 TO 2012 IN CHINA
CAG 9%
kt
CAGR20%
CAGR9%
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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ChinaNationalChemicalInformationCenter CNCIC Consulting
Current status
Supply-demand gap of acetone decreased 7% in 2012.
SUPPLY-DEMAND GAP OF ACETONE IN CHINA
kt
pp y g p
Acetone import by countries(2012): Taiwan Province (23%),United States (21%), Thailand( )(11%), Korea (10%) andBelgium (9%)
LOCATION OF SUPPLY-DEMAND GAP OF ACETONE IN CHINA
Supply-demand gap was mainly locatedin Jiangsu Province, Shandong Province,Zhejiang Province , Fujian Province,Guangdong Province and Jilin Province
Supply-demand gap in these 6 provinceswas 400kt/a accounting for 58% of total
Source: CNCIC
was 400kt/a, accounting for 58% of total.
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ChinaNationalChemicalInformationCenter CNCIC Consulting
What foreign investors are concerned about is if there will still be a large Current status
g gsupply- demand gap of phenol/acetone in China in the future.
SUPPLY-DEMAND GAP OF PHENOL IN CHINAkt
SUPPLY-DEMAND GAP OF ACETONE IN CHINA
kt
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ChinaNationalChemicalInformationCenter CNCIC Consulting
CONTENT Current status of China phenol/acetone industry Forecast for China phenol/acetone industry Conclusions
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ChinaNationalChemicalInformationCenter CNCIC Consulting
Capacity expansion of phenol/acetone is expected to be over 4000kt/a.Forecast
Construction Unit Capacity(kt/a)
Phenol(kt/a)
Acetone(kt/a)
Location Schedule Finish Time
Shanghai Sinopec Mitsui Chemicals 400 250 150 Shanghai 2013
p y p p p
Shanghai Sinopec Mitsui Chemicals 400 250 150 Shanghai 2013
CEPSA 400 250 150 Shanghai 2013
Formosa Chemicals & Fibre 480 300 180 Liaoning 2013Formosa Chemicals & Fibre 480 300 180 Liaoning 2013
Changchun Group 480 300 180 Jiangsu 2013
Xinjiang Datang Jiulong 160 100 60 Xinjiang 2014Xinjiang Datang Jiulong 160 100 60 Xinjiang 2014
Qidong Sedin New Materials (CNCEC) 200 125 75 Jiangsu 2014
Jiangsu Yangnong Chemical group 350 220 130 Jiangsu 2014Jiangsu Yangnong Chemical group 350 220 130 Jiangsu 2014
Sinopec Beijing Yanshan company 200 125 75 Beijing 2014
INEOS Phenol 650 400 250 Jiangsu 2015INEOS Phenol 650 400 250 Jiangsu 2015
Jiangsu Haili Chemical Industry 480 360 220 Jiangsu 2015
Beijing Huifuyuan 320 200 120 Xinjiang 2017Beijing Huifuyuan 320 200 120 Xinjiang 2017
Total 4220 2630 1590 14
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