big events in polyether polyols value chainpudaily.com/report/y2018/item9.pdf · 3． according to...

2018 China Polyether Polyols Yearly Report

1 / 13 www.chem366.comwww.pudaily.com

Big Events in Polyether Polyols Value Chain

Big events in raw materials sectors

1． In March, Sinopec Changling Refining and Chemical Company’s 100k t/a propylene

oxide (PO) plant were started up. As one of Sinopec’s "Ten Dragons" key science and

technology projects, the project was included in the National Key Basic Research

Program (973 Program).

2． In August, the main facilities of the styrene/propylene oxide and polyether polyols

project (hereinafter referred to as "SMPO/POD project") formally started construction,

which would last for two years. It will provide more diversified and quality raw

materials for downstream manufacturers after the start-up.

3． On October 17, Taixing Chemical, a wholly owned subsidiary of Hongbaoli,

announced that its 120k t/a PO project were officially approved for trial run. The

Company said it would strengthen the management of the project and conduct the trial

run when conditions allow.

Interpretation: In 2018, the tight supply of PO gradually becomes eased as these new

capacities are put into production. As a result, the high price may decline. As an important

raw material for polyether polyols, the change in the price of PO has a significant impact

on the price movement of polyether polyols. For more details, please read our 2018

http://www.chem366.com/




Polyether Polyols Market Report.

Big events in the polyether polyols market

1． Wanhua Chemical planned to expand its isocyanic acid and polyols capacity in Yantai

Wanhua Industrial Park and upgrade the production technology. In May, Wanhua for

the first time announced its 380k t/a polyether polyols expansion project for

environmental impact assessment.

2． On June 28, Changhua Chemical’s Phase II 100k t/a polyether polyols project was

completed: The products produced by it are widely used in furniture, automotive and

building materials industries. Also, its performance in safety, environmental protection

and economic benefits is excellent.

3． In October, ThyssenKrupp Industrial Solutions signed an EPC contract with MOL

Group, an international oil and gas company, on building new integrated chemical

complex in Hungary. The 200k t/a polyether polyols project is scheduled to come

onstream in the second half of 2021. When the project is completed, MOL Group will

become the only comprehensive polyether polyols manufacturer in central and

eastern Europe.

4． On August 23, the United States formally imposed a 25% additional tariff on polyether

polyols imported from China. China responded by raising the tariff on American

polyether polyols from 6.5% to 31.5%.

5． In November, China’s Ministry of Finance raised the export rebate rate for some

goods. The export rebate rate for polyether polyols was increased from 13% to 16%.

Interpretation: There is a widely-held view that this year’s polyether polyols market is not

as strong as last year’s. The overall price trend is flatter than last year as the price failed to

rise significantly during the September-to-October peak season. In 2018, at home, in





addition to the start-up of Changhua Chemical’s Phase II 100k t/a polyether polyols

project, companies such as Wanhua Chemical and CNOOC and Shell Petrochemicals

also planned to build new facilities. How will these additional capacities impact domestic

supply and demand? Globally, other countries and regions also have plans to construct

new plants. Besides, the tariff on imported and exported polyether polyols was raised by

25% due to the trade war, and the Chinese government raised the export rebate rate for

polyether polyols. How will the imports and exports be impacted? And how will major

market players such as Dow Chemical, Shell and Wanhua respond to the changing

market? Our 2018 Polyether Polyols Market Report will carry out in-depth analysis for you.

Big events in the downstream sectors

1． In May, after two years of investigation and survey, the national mandatory standard

for plastic runways Synthetic Surfaced Athletic Ground in Primary and Secondary

Schools GB 36246-36246 was officially published on the website of Standardization

Administration of China. After the introduction of the new national standard, China’s

athletic flooring industry will be measured by a new gauge.

2． On September 30, the State Council issued the Decision on Further Reducing the

Categories in the Catalogue of Industrial Products Subject to Production License

Administration and Simplifying the Approval Procedures. In accordance with the

document, the production license administration of 14 categories of industrial

products is abolished. The production license administration authority for 4 categories

of industrial products is delegated to the quality and technology supervision

department of the people's government at the provincial level. 24 categories of

industrial products will continue to be subject to the production license administration.

Refrigerator is not found among the 24 categories of industrial products.





3． According to the forecast of Automotive Interior Materials Market Report, the size of

global automotive interior materials market is expected to reach $98.76 billion by

2021, with a CAGR of 11.8% for the 2016-2021 periods. The great demands from

global auto industry drive the market growth, particularly those from the Asia-Pacific

region, North America, South America, Middle East and Africa.

Interpretation: How have the downstream upholstered furniture, refrigerator, freezer and

automobile industries performed this year? How will the new standard impact the raw

materials sectors? In 2018, the previous lax enforcement of law on environmental

protection becomes stricter, with capacities increasingly concentrated in the hands of big

manufacturers. Will these affect the demand for polyether polyols? The abolishment of

production license administration for refrigerator completely eliminates the problem of two

admission systems for the one product of refrigerator and helps to relieve the burden on

companies. Is this a boost to the refrigerator industry and thus good news for the

upstream rigid polyols market? For further details, please read our 2018 China’s Polyester

Polyols Market Report!

Additional Highlights for 2018

Focusing on the global economy, government policies and regulations, as well as

industry hot spots, this year’s report will conduct thorough analysis of the 2018 polyether

polyols market with more accurate market data and comprehensive market information.





Brief Analysis of China’s Polyether Polyols Market

Supply

Global polyether polyols capacity in 2018 (in kt)

Company name Location Capacity

Dow Chemical XX XX

Carpenter XX XX

Covestro XX XX

BASF XX XX

Covestro XX XX

Lonza XX XX

BASF XX XX

Huntsman XX XX

Polioles XX XX

Covestro XX XX

…… …… ……

Output of China’s polyether polyols suppliers in 2018

Company Location Capacity

(in kt)

Output (in

kt)

Operating

rate

Polyether Polyols Group of Wanhua Chemical Shandong XX XX XX

Wanhua Chemical (Ningbo) Rongwei Polyurethane Zhejiang XX XX XX

Jurong Ningwu New Material Jiangsu XX XX XX

Shandong Bluestar Dongda Chemical Shandong XX XX XX

Wudidexin Chemical Shandong XX XX XX

CNOOC and Shell Petrochemicals Company Guangdong XX XX XX

Jiahua Chemical (Binzhou) Co. Ltd. Shandong XX XX XX

Shanghai Fujia Fine Chemical Shanghai XX XX XX

Jiahua Chemical Liaoning XX XX XX

Dexinlianbang Chemical Shandong XX XX XX

Shandong Longhua New Material Shandong XX XX XX

Juyuan Chemical Industry Jiangsu XX XX XX

Fangda Jinhua Chemical Liaoning XX XX XX

Changhua Chemical Technology Jiangsu XX XX XX

Hebei Yadong Chemical Group Hebei XX XX XX

…… …… …… …… ……

Total

XX XX XX





Demand

Consumption of polyether polyols in China 2014-2018 (in kt)

2014 2015 2016 2017 2018

Domestically produced XX XX XX XX XX

Imported XX XX XX XX XX

Exported XX XX XX XX XX

Apparent consumption XX XX XX XX XX

Consumption of different polyethers (in kt)

Consum

ption

Common slab

polyols

HR

polyol

s

Slow

rebound

polyols

Rigid

polyols

Elasto

mers

Common POP

(polymer polyols)

HR

POP

2014 XX XX XX XX XX XX XX

2018 XX XX XX XX XX XX XX

Downstream applications

Output of downstream sectors for polyether polyols for slab foam (in kt)

Sector Output

Flexible

slabstock

polyols

HR polyols Slow rebound

polyols

Slab POP

(polymer

polyols)

HR

POP

Total

polyether

consumptio

n

Upholstered

furniture

XX XX XX XX XX XX XX

Passenger

cars


Commercial

cars


Motorcycle XX XX XX XX XX XX XX

Shoe

material


Apparel XX XX XX XX XX XX XX

Sports

equipment


Luggage XX XX XX XX XX XX XX

Toys XX XX XX XX XX XX XX

Others XX XX XX XX XX XX XX

Total XX XX XX XX XX XX XX





Different sectors’ share of the total consumption in 2018 (estimated)

For more highlights, please refer to the catalogue of 2018 China’s Polyether Polyols

Market Report on the next page. You can exchange with our analysts on the contents of

the report.

2018 Flexible PU Foam Downstream Sectors Output

Furniture

Passenger Car

Commercial Car

Motorcycle

Shoe Material

Clothing

Sports Equipment

Bags and Suitcase

Toy

Others





Chapter 1 introduction to polyether polyols

1 Profile of polyether polyols

1.1 Overview of the product

1.1.1 Polyether polyols for slab foam

1.1.1.1Flexible slabstock polyols

1.1.1.2 HR polyols

1.1.1.3 HR polyols

1.1.1.4Slab POP

1.1.1.5HR polyols

1.1.2 Polyether polyols for rigid PU foam

1.1.3 Polyether polyols for CASE

1.1.4 Specialty polyether polyols

1.2 Main applications

1.2.1 Main applications of polyether polyols for slab foam

1.2.2 Main applications of polyether polyols for rigid PU foam

1.2.3Main applications of polyether polyols for CASE

1.2.4Main applications of specialty polyether polyols

1.3 Introduction to production process

1.4 Raw material markets in China

1.4.1 Propylene oxide





1.4.2 Ethylene oxide

1.4.3Glycerine

1.4.4Propylene glycol

1.4.5Styrene

1.4.6Acrylonitrile

1.4.7Sucrose

1.4.8Diethylene glycol

1.5Relevant policies and regulations in 2018 and their impact

1.5.1 On VOCs

1.5.2 On building fire protection rating

1.5.3 On solid waste emissions

1.5.4 On increased export rebate rate

Chapter 2 overview of the global market

2 Status quo of global market

2.1Global capacity for polyether polyols

2.1.1 Global capacity for polyether polyols 2014-2018

2.1.2Global projects under construction and planned to construct as well as their

developments

2.1.3Global manufacturers and distribution of capacity

2.1.4Major events in global market

Chapter 3 Supply and demand in China

3 Supply and demand in China

3.1 Distribution of capacity for polyether polyols in China 2014-2018

3.1.1 Profile of major polyether polyols suppliers in China and their product mix





3.2 Distribution of polyether polyols production in China

3.2.1 Output and change in output 2014-2018

3.2.2 Output of major suppliers in China in 2018

3.3 Consumption of polyether polyols in China in 2018

3.3.1 Consumption of polyether polyols in China 2014-2018

3.3.2 Consumption of different polyether polyols in China in 2018

3.3.2.1Polyether polyols for slab foam

3.3.2.2Polyether polyols for rigid PU foam

3.3.2.3 Polyether polyols for CASE

3.3.2.4 Specialty polyether polyols

3.3.3 Consumption of different polyether polyols in China 2014-2018

3.3.3.1Polyether polyols for slab foam

3.3.3.1.1Slab polyols

3.3.3.1.2HR polyols

3.3.3.1.3Slab POP

3.3.3.1.4HR POP



3.4 China’s polyether polyols imports and exports in 2018

3.4.1 Analysis of China’s polyether polyols imports

3.4.1.1 Volume of China’s polyether polyols imports

3.4.1.2 Major import sources and share of importers

3.4.1.3 Sales strategy of major suppliers

3.4.2 Analysis of China’s polyether polyols exports

3.4.2.1 Volume of China’s polyether polyols exports

3.4.2.2 Major export destinations and share of exporters





3.4.1.3 Sales strategy of major suppliers

3.4.3 Analysis of the impact of trade war on China's polyether polyols imports

and exports?

Chapter 4 analysis of price movement and profits of polyether polyols

4 Price movement of polyether polyols in China in 2018

4.1 Price movement of different polyether polyols in China

4.2 Profits of different polyether polyols in China

4.2.1Polyether polyols for slab foam

4.2.1.1Slab polyols

4.2.1.2HR polyols

4.2.1.3Slab POP

4.2.1.4HR POP



Chapter 5 analysis of downstream markets

5 Polyether polyols consumption by downstream sectors in China in 2018

5.1 Analysis of the flexible slabstocks foam industry

5.1.1 Upholstered furniture

5.1.2 Automobile

5.1.3 Adhesive, sealant and coating

5.1.4 Running tracks

5.2 Analysis of the rigid PU foam industry

5.2.1Refrigerator and freezer





5.2.2Refrigerated container

5.2.3 Pipeline insulation

5.2.4Water heater

5.2.5Spray coating

5.2.6 PU synthetic wood

Chapter 6 forecast of China’s polyether polyols market

6Forecast of China’s polyether polyols market

6.1 Forecast of China’s polyether polyols supply for 2019-2023

6.1.1 Forecast of China’s polyether polyols for slab foam supply

6.1.2 Forecast of China’s polyether polyols for rigid PU foam supply

6.2Forecast of China’s polyether polyols imports and exports for 2019-2023

6.3 Forecast of China’s polyether polyols consumption for 2019-2023

6.3.1 Forecast of China’s polyether polyols for slab foam consumption

6.3.2Forecast of China’s polyether polyols for rigid PU foam consumption

6.4 Forecast of China's polyether polyols market for 2019-2023

6.4.1 Forecast of China's polyether polyols for slab foam market

6.4.2 Forecast of China's polyether polyols for rigid PU foam market





Contact us

Polyether polyols market at home and abroad:

Fang Chenxiao

Tel:86-21-61159288- 820

E-mail: [email protected]

Market analysis

Tan Mei

Tel: 86-21- 61250986

Email: [email protected]

Customer service

All rights reserved



big events in polyether polyols value chainpudaily.com/report/y2018/item9.pdf · 3． according to...

Documents