09 May 2013 10:51 [Source: ICIS news]
TAIPEI (ICIS)--The global acetic acid production capacity is expected to surge to 18.1m tonnes in 2013 from 10.6m tonnes in 2005, boosted by the start-up of new plants in China, an industry consultant said on Thursday.
In 2012-2013 alone about 1m tonnes/year of acetic acid production capacity is expected to come on stream in China, said Cui Rongying, an analyst with Tecnon Orbichem.
In 2013, China will account for 49% of the global production capacity of acetic acid, compared with just 21% in 2005, according to Cui.
Meabwhile, acetic acid consumption worldwide is expected to total about 13.6m tonnes in 2013, she said.
"Global acetic acid markets were not as robust in 2012 as originally expected due to ongoing economic headwinds in Europe and overcapacity in Asia. The same conditions persisted through the first quarter of 2013," she added.
Cui was speaking at the Asian Petrochemical Industry Association
APIC 2013 is being held Taipei on 9-10 May.
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