Dallas, TX (PRWEB) February 02, 2013
In recent years, the synthetic rubber capacity of China has seen rapid growth. As of late 2012, China’s capacity and output of synthetic rubber hit 3.904 million tons and 3.85 million tons (estimated), with producers numbering 23. Benefiting from self-contained raw material equipment, Sinopec Group and China National Petroleum Corporation are leading synthetic rubber producers in China, with the combined capacity accounting for 59.5% of the country’s total.
Due to robust domestic demand as well as favorable policies, private, foreign and Taiwanese enterprises are seizing Chinese synthetic rubber market. For example, in January 2012, the 100,000 t/a BR and 100,000 t/a SBR equipment built by Shandong Huamao Flamestop New-Material have both been put into service; in May 2012, the 30,000 t/a NBR equipment jointly invested by TSRC and Germany-based LANXESS in Chinese mainland was put into production, increasing the total production capability of synthetic rubber (including BR, SBR, NBR and SBS) of TSRC (with joint ventures included) to 302,000 t/a in Chinese mainland.
In addition, other projects including the 50,000 t/a nickel-based BR equipment of Shandong Junteng Synthetic Rubber, 100,000 t/a BR project of Zhejiang Transfer Synthetic Materials, and 100,000 t/a SSBR of Liaoning North Dynasol Synthetic Rubber are all expected to be put into production before 2015. The estimation shows that the new synthetic rubber capacity of China is projected to hit 2.239 million t/a by late 2015.
At present, BR and SBR are the synthetic rubber with the highest output in China, accounting for 19.5% and 33.0% of China’s total synthetic rubber output in 2011 respectively. However, NBR, IIR, EPR and other special rubber are heavily reliant on imports due to severe shortage of output as a result of restrictions in technologies and raw materials.
NBR: in 2012, the NBR capacity of China hit 209,000 t/a. PetroChina Lanzhou Petrochemical Company, one of the four producers, is the first largest NBR enterprise in China with the capacity hitting 69,000 t/a. During the 12th Five-Year plan period, several sets of NBR equipment are set to be put into production, including a 60,000 t/a NBR plant jointly invested by Jiangsu GPRO Group and INSA, a wholly-owned subsidiary of Mexico-based KUO Group, as well as a 50,000 t/a NBR equipment jointly built by Sinopec Group and Russia-based SIBUR in Shanghai.
IIR: in 2011, the IIR net import volume of China claimed 217,100 tons, nearly equivalent to 2.6 times of China’s output. In 2012, China had a total of three IIR producers, with the combined capacity realizing 200,000 t/a. According to the released information, the 50,000 t/a IIR project of CNOOC, 50,000 t/a IIR project of Formosa Plastic Group, 60,000 t/a IIR project of PetroChina Lanzhou Petrochemical Company, 60,000 t/a IIR project of PetroChina Daqing Petrochemical Company, 60,000 t/a IIR project of Tianjin Lugang Petroleum Rubber are all expected to be put into production in upcoming two or three years in succession. By then, the IIR self-sufficiency rate of China will further rise.
The Report Highlights:
- Supply & demand, import & export, regional distribution, product structure, competition pattern and development trend of China synthetic rubber industry;
- Supply & demand, import & export, competition pattern, price and development trend of China synthetic rubber market segments;
- Supply & demand, import & export, competition pattern, price and development trend of the upstream market of China synthetic rubber industry;
- Operation, business performance and development prospect of 22 Chinese synthetic rubber manufacturers.
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Another report “Research on China Synthetic Rubber Industry, 2012-2017” says China’s synthetic rubber industry’s output and apparent consumption volume increased rapidly. The output increased to 3.488 million tons (including latex) in 2011 from 1.047 million tons in 2001, increased by more than twice, and the compound growth rate during this period reached 12.8%; apparent consumption volume increased to 4.656 million tons of 2011 from 1.684 million tons of 2001 (including latex), and the compound growth rate was 10.7%. China’s synthetic rubber’s output and apparent consumption also keeps long-term rapid growth, the growth speed of output was relatively fast, and the import volume showed the downward trend. Before 2008, China’s synthetic rubber self-sufficiency rate maintained at about 60%. While since 2008, the self-sufficiency rate increased to some extent due to the release of large amount of new production capacity, and this rate reached 74.9% in 2011. There is still a large proportion in China’s synthetic rubber consumption relies on imports, so China’s synthetic rubber industry still has growth space in the future.
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