With the commissioning of new construction and expansion projects in China, industry insiders expect that China will surpass the United States at the end of 2012, becoming the world's leading producer of crude acrylic acid and acrylate, and becoming a net exporter from a net importer of acrylic acid. . The growth of demand cannot keep up with the speed of capacity growth, and how to absorb new capacity has attracted attention.
It is understood that Jiangsu Jurong Chemical Co., Ltd. has put into operation a set of 160,000 tons of crude acrylic acid equipment in Taixing this spring. In September, a similar scale device will be put into operation. Jiangsu Sanmu Group put into operation a set of 60,000 tons of crude acrylic acid equipment in the first half of the year. It is expected that a set of 80,000 tons of butyl acrylate per year will be put into operation in August this year. CNOOC's annual production capacity of 160,000 tons of crude acrylic acid equipment and a set of 160,000 tons of acrylate equipment per year are scheduled to start in July.
At present, there are still many acrylic and ester projects planned and under construction in China. Yantai Wanhua Company decided to build an annual output of 300,000 tons of acrylic acid and supporting acrylate projects in three phases. The first phase of the project is expected to be completed and put into operation in 2013. In January of this year, Yangzi Petrochemical-BASF announced that it will build a new 190,000 tons of refined acrylic acid plant in Nanjing Chemical Industry Park. It is expected to be completed and put into operation in early 2014. Taiwan Yanzhou Group has launched a total investment of 220 million US dollars in Nantong with an annual output of 80,000 tons of acrylic acid and an annual output of 80,000 tons of acrylic acid vinegar. Shandong Kaitai Group is also building an acrylic acid project with an annual production capacity of 80,000 tons. In addition, there are Zhejiang Satellite Petrochemical's superabsorbent resin project in Jiaxing, Zhejiang, and Taiwan's integrated acrylic acid project in Ningbo.
According to the analysis of the British company Tai Kerong, the Chinese acrylic acid market has seen an oversupply situation. As of the end of 2011, there are 11 acrylic acid production enterprises in China with an annual production capacity of 1.3 million tons. The production capacity of China's crude acrylic acid is expected to increase by 24% this year. , reaching 1.83 million tons, acrylate production is expected to increase by 31% to 1.97 million tons. As China's large production capacity of acrylic acid and esters is put into production, China will become a net exporter from a net importer of acrylic acid, and will significantly affect the supply pattern in the Asian market and even change the supply pattern in Europe, North America and South America.
In recent years, the demand for acrylic acid in China has continued to grow at an average annual growth rate of 10%. The demand will increase from 1.1 million tons in 2011 to 1.3 million tons this year, mainly due to superabsorbent resins, water treatment agents, paint binders and The demand for textiles is growing. This triggered the expansion of the company. It is expected that in the next few years, it will still be the peak period for the construction of acrylic acid and ester plants.
At the acrylate and methyl ester market forum held recently, experts also said that from 2012 to 2013, Jiangsu Sanmu, Jiangsu Jurong, CNOOC Huizhou, Qilu Kaitai, Yantai Wanhua and other devices were put into operation as expected, acrylate The market capacity will surely usher in a concentrated outbreak, while the new downstream expansion rate is far behind the upstream, and there may be a surplus.