China expects aromatics demand, production to grow
19 June 2013 22:45 [Source: ICIS news]
HOUSTON (ICIS)--China’s demand for aromatics will continue to increase as the country’s automobile and textile industries grow, an industry expert said on Wednesday.
Major consumption will be in fibre, building materials, packaging, auto electronics, as well as toys, said Yu Jing, project manager and senior engineer at China International Chemical Consulting Corporation
Domestic production of aromatics will increase, she said during the ICIS US Aromatics and Derivatives Conference.
CICCC predicts the production of benzene will increase the current 7.6m tonnes to 12.1m tonnes in 2015 and 15.6m tonnes in 2020.
Meanwhile, consumption is expected to rise from the current 7.9m tonnes to 12.2m tonnes in 2015 and 15.56m tonnes in 2020.
Aromatics derivatives – such as polystyrene
, paraxylene (PX), purified terephthalic acid
(PTA) and caprolactam
(capro) – will continue to grow in the next five years, Jing said.
PX production is expected to reach 12m tonnes in 2015 and 18m tonnes in 2020. With demand estimated to reach 20m tonnes in 2015 and 26m tonnes in 2020, there will be a shortage until 2020.
With PTA, 2015 production will balance demand at 34m tonnes. However, 2020 production is expected at 45m tonnes, while demand is estimated at 42m tonnes, resulting in a slight oversupply.
Jing added that the Chinese government is encouraging the industry to build large-scale aromatics with advance technology with optimising structures and increasing applications of domestic technology and equipment.
The ICIS US Aromatics and Derivatives Conference
concludes on Thursday.Follow Tracy on Twitter
By: Tracy Dang+1 713 525 2653
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