Five Asian countries set off a wave of investment in synthetic rubber
2018-06-21 01:01:09
With the new round of prosperity in the automotive industry in the Asia Pacific region, the synthetic rubber market will continue to be optimistic. With full development momentum, by 2015, the synthetic rubber market in the Asia Pacific region (excluding Japan) will account for 48.2% of the global market. The huge growth space has attracted numerous new projects. According to the “ICIS Chemical Business News†published on July 29, global new production capacity in the next five years will be mainly concentrated in China, Singapore, India, South Korea and Thailand. Among them, China and Singapore have the most new capacity, accounting for 42% and 33% of the total new production capacity of the five countries.
The ascendant automobile market in the Asia-Pacific region is the main driving force for the production expansion of synthetic rubber enterprises. According to predictions from the Scotiabank Group, global car sales will climb to more than 60 million units this year, a 5% increase over 2010. In a recent speech, Mukesh Ambani, India's richest man and chairman of Fidelity Industrial Group, also mentioned that the development of the automobile industry in the next 10 years will be mainly concentrated in Asian countries such as China and India. The inevitable trend of the global automotive industry. According to data from the CEIC Global Economic Database, China currently has an average of 40 cars per 1,000 residents, and by the year 2020, it will have 120 cars per 1,000 residents. By then, the global car ownership will reach 1.4 billion.
The huge space for growth in the auto market has driven the demand for synthetic rubber in the Asia Pacific region. According to data from Global Industry Analysts, a well-known market intelligence agency, global demand for synthetic rubber will increase from 11.4 million tons in 2010 to 13.42 million tons in 2015. Among them, the Asia-Pacific region (excluding Japan) will increase from 5.02 million tons in 2010 to 6.47 million tons in 2015.
Ron Commander, global head of LANXESS's butyl rubber business, also said: “The Asian market already accounts for 54% of LANXESS' global butyl rubber business, while the Chinese market accounts for half of the Asian market. With Asia Pacific emerging With the rapid development of the economy, the global butyl rubber market will become increasingly tight."
The strong demand growth has attracted many industry giants. "ICIS Chemical Business" shows that a large number of new synthetic rubber projects will emerge in this region in the next five years. By 2013, China, Singapore, India, South Korea, and Thailand will put at least 1.4 million tons of new capacity on the market. By 2015, at least 4.25 million tons of new capacity will be put into operation.
China's new capacity projects mainly come from local companies, among which Tianjin Lugang Petroleum Rubber Co., Ltd. has an annual output of 100,000 metric tons of styrene-butadiene rubber projects and Xinjiang Lande Fine Petrochemical Co., Ltd. has an annual output of 50,000 tons of polybutadiene rubber projects. , Fujian Fuzhou Chemical Co., Ltd. has an annual output of 100,000 tons of styrene-butadiene rubber and 50,000 tons of polybutadiene rubber projects were put into production in 2011. The joint venture company of Yangzi Petrochemical and Jinpu Group annual production of 100,000 tons polybutadiene rubber project and Shandong Yuhuang Chemical Co., Ltd. annual output of 50,000 tons ethylene propylene rubber project were put into operation in 2012 and 2013 respectively. In addition, the foreign-funded enterprise LANXESS-Taiwan Rubber (Nantong) Chemical Industry Co., Ltd. will produce 30,000 tons of nitrile rubber project in 2012.
Due to the good market prospects, a large number of multinational companies such as Sumitomo Chemical, Asahi Kasei, LANXESS and WACKER have invested and expanded their production in Jurong Island, Singapore. The Sumitomo Chemical Company's annual production capacity of 40,000 tons of solution-polymerized styrene-butadiene rubber (S-SBR) will be put into operation in 2013. Japan's Asahi Kasei Co., Ltd. has an annual output of 100,000 tons of solution-polymerized styrene-butadiene rubber (SBR) project, which will be put into operation in 2013. The second phase will be put into operation in 2015. The LANXESS company's annual production of 100,000 tons of butyl rubber project will be put into production in 2013, with an annual output of 140,000 tons of polybutadiene rubber project will be put into operation in 2015.
India's new production capacity comes mainly from joint ventures. A joint venture between Indian Oil Corp., TSRC Corp. and Marubeni Co., Ltd. plans to invest in Panipat in India to build an annual production capacity. 120,000 tons of styrene-butadiene rubber project, the project will be put into production in 2013. Wacker-Metroark Chemical Company's 1,000-ton silicone rubber expansion project in Kolkata is also under planning, and a specific implementation schedule is under development.
In addition, Korea Kumho Petrochemical Company (KKPC)'s 120,000 t/y polybutadiene rubber expansion project in Yeosu, South Korea, has been put into production in 2011; Thailand’s BST (Bangkok Synthetics) and Japan’s JSR have established a joint venture in Thailand. An annual production capacity of 50,000 to 100,000 tons of solution-polymerized styrene-butadiene rubber plant in MAP TA PHUT, Thailand will be put into operation in 2013.
The ascendant automobile market in the Asia-Pacific region is the main driving force for the production expansion of synthetic rubber enterprises. According to predictions from the Scotiabank Group, global car sales will climb to more than 60 million units this year, a 5% increase over 2010. In a recent speech, Mukesh Ambani, India's richest man and chairman of Fidelity Industrial Group, also mentioned that the development of the automobile industry in the next 10 years will be mainly concentrated in Asian countries such as China and India. The inevitable trend of the global automotive industry. According to data from the CEIC Global Economic Database, China currently has an average of 40 cars per 1,000 residents, and by the year 2020, it will have 120 cars per 1,000 residents. By then, the global car ownership will reach 1.4 billion.
The huge space for growth in the auto market has driven the demand for synthetic rubber in the Asia Pacific region. According to data from Global Industry Analysts, a well-known market intelligence agency, global demand for synthetic rubber will increase from 11.4 million tons in 2010 to 13.42 million tons in 2015. Among them, the Asia-Pacific region (excluding Japan) will increase from 5.02 million tons in 2010 to 6.47 million tons in 2015.
Ron Commander, global head of LANXESS's butyl rubber business, also said: “The Asian market already accounts for 54% of LANXESS' global butyl rubber business, while the Chinese market accounts for half of the Asian market. With Asia Pacific emerging With the rapid development of the economy, the global butyl rubber market will become increasingly tight."
The strong demand growth has attracted many industry giants. "ICIS Chemical Business" shows that a large number of new synthetic rubber projects will emerge in this region in the next five years. By 2013, China, Singapore, India, South Korea, and Thailand will put at least 1.4 million tons of new capacity on the market. By 2015, at least 4.25 million tons of new capacity will be put into operation.
China's new capacity projects mainly come from local companies, among which Tianjin Lugang Petroleum Rubber Co., Ltd. has an annual output of 100,000 metric tons of styrene-butadiene rubber projects and Xinjiang Lande Fine Petrochemical Co., Ltd. has an annual output of 50,000 tons of polybutadiene rubber projects. , Fujian Fuzhou Chemical Co., Ltd. has an annual output of 100,000 tons of styrene-butadiene rubber and 50,000 tons of polybutadiene rubber projects were put into production in 2011. The joint venture company of Yangzi Petrochemical and Jinpu Group annual production of 100,000 tons polybutadiene rubber project and Shandong Yuhuang Chemical Co., Ltd. annual output of 50,000 tons ethylene propylene rubber project were put into operation in 2012 and 2013 respectively. In addition, the foreign-funded enterprise LANXESS-Taiwan Rubber (Nantong) Chemical Industry Co., Ltd. will produce 30,000 tons of nitrile rubber project in 2012.
Due to the good market prospects, a large number of multinational companies such as Sumitomo Chemical, Asahi Kasei, LANXESS and WACKER have invested and expanded their production in Jurong Island, Singapore. The Sumitomo Chemical Company's annual production capacity of 40,000 tons of solution-polymerized styrene-butadiene rubber (S-SBR) will be put into operation in 2013. Japan's Asahi Kasei Co., Ltd. has an annual output of 100,000 tons of solution-polymerized styrene-butadiene rubber (SBR) project, which will be put into operation in 2013. The second phase will be put into operation in 2015. The LANXESS company's annual production of 100,000 tons of butyl rubber project will be put into production in 2013, with an annual output of 140,000 tons of polybutadiene rubber project will be put into operation in 2015.
India's new production capacity comes mainly from joint ventures. A joint venture between Indian Oil Corp., TSRC Corp. and Marubeni Co., Ltd. plans to invest in Panipat in India to build an annual production capacity. 120,000 tons of styrene-butadiene rubber project, the project will be put into production in 2013. Wacker-Metroark Chemical Company's 1,000-ton silicone rubber expansion project in Kolkata is also under planning, and a specific implementation schedule is under development.
In addition, Korea Kumho Petrochemical Company (KKPC)'s 120,000 t/y polybutadiene rubber expansion project in Yeosu, South Korea, has been put into production in 2011; Thailand’s BST (Bangkok Synthetics) and Japan’s JSR have established a joint venture in Thailand. An annual production capacity of 50,000 to 100,000 tons of solution-polymerized styrene-butadiene rubber plant in MAP TA PHUT, Thailand will be put into operation in 2013.
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