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    Home > Chemicals Industry > Rubber Plastic News > The development of the global polyolefin business is becoming more and more perfect. It is expected that the compound annual growth rate of polyolefin consumption in the Asia-Pacific region will reach 6.2% in the next five years.

    The development of the global polyolefin business is becoming more and more perfect. It is expected that the compound annual growth rate of polyolefin consumption in the Asia-Pacific region will reach 6.2% in the next five years.

    • Last Update: 2022-08-27
    • Source: Internet
    • Author: User
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    In recent years, with the new polymerization process, new catalysts and the high performance ratio of general materials, the application fields of polyolefins have become more and more extensive


    .


    The CAGR of polyolefin consumption in the Asia-Pacific region is expected to reach 6.
    2% in the next five years

    The CAGR of polyolefin consumption in the Asia-Pacific region is expected to reach 6.
    2% in the next five years

    In recent years, with the continuous maturity of the polymer market, the development of the global polyolefin business has become increasingly complete


    .


    There is a structural mismatch between supply and demand in China's polyolefin industry.
    The market competition for mid-to-low-end products is becoming increasingly fierce, and the supply side will grow rapidly in the next three years.
    According to statistics, high-end and differentiated products, such as metallocene polyethylene, High-end polyolefin grades such as metal polypropylene, high-carbon alpha olefin copolymer polyethylene, and special polyolefins such as EVA resin, EVOH resin, and polybutene-1 are consumed in China as high as 11.
    38 million tons, but the self-sufficiency rate is only 38%


    .


    At present, the structural contradictions in China's polyolefin industry are prominent


    .


    In 2019, the overall price of ethylene in Asia showed an "N-shaped" trend


    .


    Ethylene downstream products will develop towards refinement and high-end

    Ethylene downstream products will develop towards refinement and high-end

    In the last century, China introduced a large number of technologies such as polyethylene and polypropylene.
    Although many brands were introduced, they were all bulk primary products, far from meeting the requirements for product upgrades, and the degree of product differentiation was low


    .


    China's petrochemical industry has always been invested by state-owned capital, and the industry access threshold is relatively high.
    Most petrochemical product markets show market characteristics of incomplete competition (monopolistic competition)


    .


    Market Analysis of Polyolefin Raw Materials and Main Products in China

    Market Analysis of Polyolefin Raw Materials and Main Products in China

    The ethylene industry is the core part of the petrochemical industry and occupies an important position in the national economy.
    The world has taken ethylene production as one of the important indicators to measure the development level of a country's petrochemical industry


    .


    Chart: The downstream demand structure of the ethylene industry in 2019

    Production and sales of ethylene industry

    Production and sales of ethylene industry

    China's ethylene industry started in the 1960s.
    In recent years, ethylene production capacity and consumption demand have grown rapidly, becoming the world's second largest producer and consumer country after the United States.
    At present, the industrial development has entered a later stage of maturity.
    In 2019, China's ethylene production reached 20.
    523 million tons, an increase of 2.
    1133 million tons compared with 2018, of which ethylene production in December was 1.
    864 million tons, an increase of 14.
    6% compared with the same period in 2018

    .

    Chart: China's ethylene industry output from 2014 to 2019

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