China Styrene Industry Chain (EPS, GPPS, HIPS & ABS) Report 2014-2017 Now Available at

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China Styrene Industry

China Styrene Industry

Styrene is an important monomer of a polymer. Global styrene capacity totaled 33.10 million tons in 2013, mainly distributed in Northeast Asia, North America and Western Europe. China boasts the largest styrene capacity with a share of 21.4% in the world.

Styrene is used predominately in the production of expanded polystyrene (EPS), general purpose polystyrene (GPPS), high impact polystyrene (HIPS), acrylonitrile-butadiene-styrene copolymer (ABS) and styrene-butadiene rubber (SBR). China’s demand for styrene from EPS, GPPS, HIPS and ABS together accounted for about 75% of total amount in 2013.

1. EPS
China now is seeing a trend of overcapacity in EPS, whose output in 2013 was 3.68 million tons, with about 8% for export. Domestic EPS market is dominated by Taiwanese Loyal Group through its subsidiaries in Mainland China and Wuxi Xingda New Foam Plastics Materials Co., Ltd., which together held 43% of total EPS capacity in China in 2013.

2. ABS
China’s ABS market develops rapidly, with output amounting to 1.297 million tons in 2013 but 55.8% of demand depending on imports, showing vast room for future development. In 2013, there were only 11 major ABS producers in China, of which Ningbo LG Yongxing Chemical Co. Ltd. and Zhenjiang Chimei Chemical Co., Ltd. were the top two with a combined capacity share of 45%.

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China’s apparent consumption of styrene in 2013 was 8.952 million tons, 59.5% of which were self-produced, presenting a certain space for import substitution. In addition, rapid development of building insulation, automobile and other sectors fueled the consumption growth of EPS, GPPS, HIPS and ABS, thus bolstering the demand for styrene.

In 2013, major domestic styrene producers were subsidiaries under Sinopec and PetroChina, together occupying roughly 50% of total styrene capacity, of which Shanghai SECCO Petrochemical Company Limited, a joint venture between Sinopec and BP, has the largest styrene capacity, standing at 650 kt/a.

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China Styrene Industry Chain Report, 2014-20017 focuses on the following:

  •     Global styrene capacity and distribution;
  •     Supply and demand, import and export, competitive landscape, price and development forecast for 2014-2017 of the Chinese styrene market;
  •     Supply and demand, import and export, competitive landscape and price of benzene and ethylene, upstream sectors of styrene in China;
  •     Supply and demand, import and export, competitive landscape and price of EPS, GPPS, HIPS, ABS, SAN and SBR, downstream sectors of styrene in China;
  •     Operation, styrene business, development and forecast of 11 Chinese styrene and downstream products producers.

Few Points from Table of Contents

5. Major Chinese Companies
5.1 Shuangliang Eco-Energy Systems
5.2 North Huajin Chemical Industries
5.3 Shanghai SECCO Petrochemical
5.4 CNOOC and Shell Petrochemicals
5.5 Ningbo ZRCC Lyondell Chemical
5.6 Loyal Group
5.7 Wuxi Xingda New Foam Plastics Materials
5.8 Taita Chemical
5.9 Zhenjiang Chimei Chemical
5.11 Shen Hua Chemical Industrial

List of Charts

Applications of Styrene
Routing of Styrene
Industry Chain of Styrene
Distribution of Global Styrene Capacity by Region, 2013
Capacity, Output and Apparent Consumption of Styrene across the Globe and in China, 2013
China’s Styrene Capacity and Growth Rate, 2005-2013
China’s Styrene Output and Utilization of Capacity, 2005-2013
Major Chinese Styrene Producers and Their Capacities by the end of 2013
Styrene Projects Proposed/Under Construction, 2014
China’s Apparent Consumption of Styrene and Self-sufficiency, 2005-2013
Downstream Products and Their Major Applications of Styrene
Downstream Demand Structure of Styrene in China, 2013
Import and Export Volume of Styrene in China, 2009-2014
Average Import and Export Prices of Styrene in China, 2009-2014
Sources of Imported Styrene into China, 2013
Destinations of Exported Styrene from China, 2013
Capacity Distribution of Styrene in China (by Nature of Company), 2013
Competitive Landscape of China Styrene Industry, 2013
Capacity Distribution of Styrene in China (by Region), 2013
Capacity Distribution of Styrene in China (by Routing), 2013
Market Price Trend of Styrene (99.5%) in China, 2006-2014
Market Prices of Styrene in China (by Region), Aug. 1, 2014
Market Prices of Styrene in China (by Company), 2014
China’s Benzene Capacity and Growth Rate, 2006-2013
China’s Benzene Output and Growth Rate, 2006-2013
Output Structure of Benzene in China (by Region), 2013

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Ritesh Tiwari
since: 06/2010
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