The new production capacity gradually releases bisphenol A and the market pressure intensifies.
bisphenol A is an important organic chemical raw material, and its export share to emerging countries will also be greatly increased. It is mainly used in the production of polycarbonate, epoxy resin, polysulfone resin, unsaturated polyester resin and other polymer materials, as well as in the production of plasticizers, flame retardants, antioxidants, heat stabilizers, rubber antioxidants, pesticides, coatings and other fine chemical products
the development of European and American markets has slowed down, and Asia has become the top priority of future development.
in recent years, the global production capacity of bisphenol A has continued to grow. The consumption field is mainly polycarbonate and epoxy resin, and the average annual growth rate of consumption is about 4%. In North America and Europe, the bisphenol a industry has developed relatively mature, and the demand growth rate has slowed down. In the next few years, Asia will become a key area for the development of bisphenol a industry
in 2014, the global market scale of bisphenol A was about 5.4 million tons. The global bisphenol a trade is mainly concentrated in Asia and Africa, while the trade in America and Europe is less. In recent years, the merger and investment activities of bisphenol a production enterprises in the world have been relatively active. At present, the top three enterprises are Bayer of Germany, SABIC of Saudi Arabia and Mitsui chemical of Japan
the profits of domestic production enterprises have fallen sharply, and new projects have been pushed back to production.
in recent years, China's bisphenol a production capacity has increased rapidly, with a total capacity of about 600000 tons in 2012 and 880000 tons in 2014. The new capacity is mainly from the 135000 ton phase II bisphenol a production unit newly put into operation by Taiwan Changchun chemical and the 15000 ton unit expanded by Huizhou Zhongxin
in 2014, due to the decline of the overall economic situation, the profits of the chemical industry fell sharply, the production of bisphenol A was also affected, and the production profits of enterprises fell sharply. In the second half of the year, most bisphenol A enterprises were in a loss producing state, resulting in the postponement of the production of newly completed projects. The projects that have been put into operation in 2015 include 150000 tons of Nanya plastic in Taiwan and 120000 tons of lihuayi Weiyuan. The projects to be put into operation include Shanghai Bayer 200000 tons, Zhongsha (Tianjin) 200000 tons and Yangzhou Shiyou chemical bisphenol a plant. In the future, with the commissioning of nearly 1million tons of new projects, the domestic production capacity of bisphenol A will be significantly increased
there are great differences in consumption structure at home and abroad, and polycarbonate may become a bright spot of growth
in 2014, the total consumption of bisphenol A in the world was 5.4 million tons, of which polycarbonate was the largest consumption area, accounting for 67% of the total consumption; The second largest consumption area is epoxy resin, accounting for 30%; In addition, the consumption of polyetherimide, polysulfone resin, polyarylate, phenoxy resin and other fields accounts for 3%. Asia is the largest consumer market for bisphenol A, followed by Western Europe and the United States
in 2014, the total consumption of bisphenol A in China was about 970000 tons, mainly used to produce epoxy resin and polycarbonate. Contrary to the consumption structure of foreign countries, the largest consumption field in China is epoxy resin, accounting for 66% of the total consumption, while the consumption for polycarbonate accounts for about 27%, and the other 7% is used to produce flame retardant, polysulfone resin, polyphenyl resin, unsaturated polyester resin and other polymer materials. The consumption structure of bisphenol A in China is quite different from that in foreign countries, mainly because the epoxy resin industry in China has developed rapidly in recent years; The production technology of polycarbonate has been monopolized by foreign companies or joint ventures for many years, and there are few domestic production enterprises, which basically rely on imported products
it is expected that the development of epoxy resin will slow down in the future. Polycarbonate is a new material project of national high-tech industrialization, which is the focus of national industrialization policy support. In recent years, many new devices are planned to be launched. If these devices are put into operation on schedule, it will drive the consumption of bisphenol A for polycarbonate. It is expected that the consumption in this field will maintain rapid growth in the next five years. It is estimated that the consumption of bisphenol A in China will exceed 2million tons in 2019, and epoxy resin will still be the largest consumption field, followed by polycarbonate
high external dependence and large import volume
the external dependence of bisphenol A in China has been high, and the import volume has been more than 500000 tons in recent 5 years (except 2010). In 2014, the import of bisphenol A in China decreased significantly, with the import volume of 499000 tons, a year-on-year decrease of 15.4%. China's export of bisphenol A has been very small. The annual export volume was about 6000 ~ 7000 tons before 2012, resulting in an error of about 334 tons by 2012; There was a slight increase in 2013, reaching 430 tons; The export volume in 2014 was 1000 tons
the industry is facing multiple difficulties
at present, China's bisphenol a industry is facing multiple difficulties, such as limited downstream consumption growth, rapid new production capacity, reduced corporate profits, squeeze of imported products, intensified market competition and so on
affected by the depression of downstream industries, the overall demand of bisphenol a industry in China in 2014 decreased significantly compared with 2013, and the output and import volume decreased year-on-year. The Taiwan Changchun bisphenol a plant put into operation in 2014 and the 150000 ton Taiwan Nanya plastic plant newly put into operation by duckweed and the 120000 ton plant of Lihua yiweiyuan company need to be used in this process in 2015, resulting in a surge in domestic bisphenol a production capacity and intensified market competition. In addition, China's bisphenol a market has imported a large number of products over the years, ensuring that clean imported products in the oil circuit have a certain price advantage over domestic products. At present, it has occupied half of the domestic market share, causing competitive pressure on domestic enterprises
due to the sluggish downstream demand, the inventory pressure of production enterprises increases, and the profits continue to shrink. In 2014, the marginal profit of the enterprise was 2000 ~ 3000 yuan/ton. In 2015, due to the squeeze of new production capacity, the marginal profit of bisphenol a production enterprises fell to less than 1000 yuan/ton, and the actual profits were basically negative
in the next few years, many enterprises will build new bisphenol A units and put them into operation. With the gradual release of new capacity, it is expected that the total capacity will double, and the market competition will be more intense at that time. The supply and demand situation of bisphenol A in China will also change greatly, the import volume will decline, and the export volume will rise
of course, bisphenol a industry is also beneficial: first, it is expected that in the next few years, the downstream polycarbonate industry will have many new plans in China, which will promote the growth of bisphenol a demand; Second, the upstream phenol and acetone industry will expand significantly, which will provide sufficient raw material supply, and the raw material price will also remain low in the fierce market competition, providing low-cost support for the production cost of bisphenol A; Third, there will be a new batch of chemical enterprises with phenol, acetone, bisphenol A and epoxy resin industrial chains in the industry. These integrated enterprises will be conducive to the overall development of the industry
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