At present, China has become the world's major consumer of acrylic acid and esters. In the past, the supply and demand gap of the product in China has been very large, but with the new project put into operation, the degree of foreign dependence has recently shown a downward trend. In the next few years, it will still be the peak period for the construction of acrylic acid and ester devices, and the industry's energy expansion will continue unabated.
Acrylic acid is mainly used in the production of acrylic esters, accounting for about 80% of total acrylic acid consumption. China is the country with the fastest growth rate of acrylate consumption in the world. In 2006, the output of acrylates reached 611,000 tons, and the consumption reached 840,000 tons, accounting for about 23% of the world's total consumption. The market size exceeded 5.4 billion yuan. Although the acrylic acid industry in China has developed rapidly, it is still unable to meet the rapidly growing market demand. From 1996 to 2001, the domestic self-supply rate of acrylic acid was decreasing year by year, from 80% in 1996 to 44% in 2001. The corresponding increase from 20% to 56%.
Driven by the strong demand in the four major fields of construction, textiles, packaging and sanitary materials, China's acrylate market will continue to develop rapidly in the future. It is expected that domestic demand will reach 1.16 million tons in 2010, accounting for approximately 31.4% of the world's total consumption. 2015 The annual demand will reach 1.7 million tons, which will become a veritable acrylate consumer.
With the continuous warming of acrylic acid and ester prices, domestic companies have accelerated the process of building new expansion devices. The 80,000 tons of acrylic acid and 130,000 tons of acrylates built by Shenyang Paraffin Chemical Company were completed at the end of October 2006; Formosa Plastics (Ningbo) Acrylics (Ningbo) Co., Ltd.'s 160,000 tons of acrylic acid and 230,000 tons of acrylate projects were also put into production in October 2006. . By the end of 2006, China's acrylic acid production capacity reached 720,000 tons and its acrylate production capacity reached 780,000 tons. With the start of production of these new devices, the degree of import dependency also began to decline, from 42.3% in 2002 to 9.6% in 2006.
In addition, the projects under construction also abound. Zhenghe Group's acrylic acid and ester project was laid in Guangrao County, Shandong Province in mid-July, 2006. The project was designed with a capacity of 80,000 tons of acrylic acid and 120,000 tons of acrylic acid. The total design scale of the first phase of this project was 40,000 tons of acrylic acid. , 60,000 tons of butyl acrylate; Singapore Sun Vic Chemical Company expanded its acrylic acid and ester plant in Xiangshui, Jiangsu Province, and the project is planned to be completed in the fourth quarter of this year, which will increase its acrylic acid and acrylate production capacity to 205,000 tons respectively. 250,000 tons; BASF will build more than 30,000 tons of polyacrylate polymer plant in Shanghai, scheduled to put into production in the first quarter of 2008, these products will be supplied to the Chinese market. At present, there are 80,000 to 100,000 tons of acrylic acid and ester devices that are planned to be built in Zhuozhou, Hebei, Huizhou, and Maoming, Guangdong, Ganzhou, Sichuan, and Shenyang, Liaoning. The next few years will be the peak period for the construction of acrylic acid and ester devices in China. It is expected that by 2010, China's acrylic acid production capacity will reach 900,000 tons and the acrylate production capacity will reach 980,000 tons.
Due to the completion of some construction projects, the domestic supply and demand of acrylic acid and esters are basically balanced in 2006; however, with the development of China's economy, the demand for acrylic acid and esters will increase further. By 2010, the supply and demand gap is expected to increase again. Therefore, in the long run, acrylic acid and ester products in China still have a lot of room for development.
Acrylic acid is mainly used in the production of acrylic esters, accounting for about 80% of total acrylic acid consumption. China is the country with the fastest growth rate of acrylate consumption in the world. In 2006, the output of acrylates reached 611,000 tons, and the consumption reached 840,000 tons, accounting for about 23% of the world's total consumption. The market size exceeded 5.4 billion yuan. Although the acrylic acid industry in China has developed rapidly, it is still unable to meet the rapidly growing market demand. From 1996 to 2001, the domestic self-supply rate of acrylic acid was decreasing year by year, from 80% in 1996 to 44% in 2001. The corresponding increase from 20% to 56%.
Driven by the strong demand in the four major fields of construction, textiles, packaging and sanitary materials, China's acrylate market will continue to develop rapidly in the future. It is expected that domestic demand will reach 1.16 million tons in 2010, accounting for approximately 31.4% of the world's total consumption. 2015 The annual demand will reach 1.7 million tons, which will become a veritable acrylate consumer.
With the continuous warming of acrylic acid and ester prices, domestic companies have accelerated the process of building new expansion devices. The 80,000 tons of acrylic acid and 130,000 tons of acrylates built by Shenyang Paraffin Chemical Company were completed at the end of October 2006; Formosa Plastics (Ningbo) Acrylics (Ningbo) Co., Ltd.'s 160,000 tons of acrylic acid and 230,000 tons of acrylate projects were also put into production in October 2006. . By the end of 2006, China's acrylic acid production capacity reached 720,000 tons and its acrylate production capacity reached 780,000 tons. With the start of production of these new devices, the degree of import dependency also began to decline, from 42.3% in 2002 to 9.6% in 2006.
In addition, the projects under construction also abound. Zhenghe Group's acrylic acid and ester project was laid in Guangrao County, Shandong Province in mid-July, 2006. The project was designed with a capacity of 80,000 tons of acrylic acid and 120,000 tons of acrylic acid. The total design scale of the first phase of this project was 40,000 tons of acrylic acid. , 60,000 tons of butyl acrylate; Singapore Sun Vic Chemical Company expanded its acrylic acid and ester plant in Xiangshui, Jiangsu Province, and the project is planned to be completed in the fourth quarter of this year, which will increase its acrylic acid and acrylate production capacity to 205,000 tons respectively. 250,000 tons; BASF will build more than 30,000 tons of polyacrylate polymer plant in Shanghai, scheduled to put into production in the first quarter of 2008, these products will be supplied to the Chinese market. At present, there are 80,000 to 100,000 tons of acrylic acid and ester devices that are planned to be built in Zhuozhou, Hebei, Huizhou, and Maoming, Guangdong, Ganzhou, Sichuan, and Shenyang, Liaoning. The next few years will be the peak period for the construction of acrylic acid and ester devices in China. It is expected that by 2010, China's acrylic acid production capacity will reach 900,000 tons and the acrylate production capacity will reach 980,000 tons.
Due to the completion of some construction projects, the domestic supply and demand of acrylic acid and esters are basically balanced in 2006; however, with the development of China's economy, the demand for acrylic acid and esters will increase further. By 2010, the supply and demand gap is expected to increase again. Therefore, in the long run, acrylic acid and ester products in China still have a lot of room for development.
Bolt,Nut,Tapping Screw,Drilling Screw Co., Ltd. , http://www.nsbolt.com