Capacity growth in polyethylene at home and abroad continued to expand steadily in 2017. Capacity expansion in North America was put on the agenda, a large number of units are about to put into production. Iran's imports of goods is limited, the domestic import market continue to reshuffle. Xiaobian today for everyone to bring the status of global polyethylene development and trend.
1, Global polyethylene industry development status quo
Global polyethylene capacity
In 2012-2015, the global new polyethylene production capacity of 7.67 million tons / year is a period of less growth in recent years. Due to the postponement of multi-unit polyethylene plants in North America in 2016, the additional polyethylene capacity was only 3.11 million tons.
Global polyethylene operating rate
The operating rate of polyethylene plants in 2009-2012 is relatively stable. Due to the limited demand recovery and capacity growth in 2013, the utilization rate of polyethylene plants has rebounded and reached 87% in 2016.
Global demand for polyethylene
2005-2007 global polyethylene maintained an average annual increase of 4.1% level;
The main growth of global demand after 2009 mainly concentrated in Asia, the Middle East and other places, while the growth in Western Europe and North America was relatively slow;
Global PE consumption in 2016 was 91.9 million tons, up 3.8% from 2015;
LLDPE saw the fastest growth in consumer spending, up 4.5% in 2016 and 2.7% in LDPE.
Global polyethylene consumption structure
2, Global polyethylene trend
Global polyethylene capacity development trend
The future of global polyethylene expansion mainly from the Middle East and Asia Pacific: 2017-2020 the world's polyethylene expansion mainly from Asia and North America, after 2020 the Middle East may once again become a new polyethylene expansion area.
Global polyethylene demand trends
The global demand for polyethylene in the future will mainly come from Asia: the global demand for polyethylene will mainly come from Asia after 2017, the global demand for polyethylene will reach 108.1 million tons in 2020, an increase of 16.2 million tons over 2016, of which the growth in demand in Asia accounts for about About 70% of the increment.
Global polyethylene operating rate trends
The operating rate of polyethylene in the world will remain relatively steady until 2020, and the operating rate of polyethylene facilities in the world will be relatively stable over the next five years. Due to capacity growth and demand, the operating rate of polyethylene will remain at 83% -87% Ethylene production capacity will increase substantially, by 2020 its share of global polyethylene will be increased to 23%.
Polyethylene supply and demand in North America
Polyethylene production capacity in North America is expected to grow rapidly in the future. It is estimated that the polyethylene capacity in North America will reach 28.48 million tons / year and the demand of 17.74 million tons by 2020. The polyethylene surplus in North America will increase significantly from 3.5 million tons in 2016 By 2020, 7.8 million tons.
Middle East polyethylene supply and demand situation
The Middle East polyethylene production capacity growth is relatively slow, the Middle East is expected by 2020 polyethylene production capacity will reach 23.46 million tons / year, the demand for 7.13 million tons, the polyethylene in the Middle East surplus increased slightly from 2016 to 18.65 million tons Increase to 20.7 million tons by 2020.
In summary, the future global polyethylene production capacity is mainly concentrated in North America, the Middle East and Asia, while Asia is the main demand area for polyethylene, Asian demand growth accounts for about 70% of the total world demand.
2017 is the year of deepening reform on the supply side of China. At the same time, the environmental storm has swept through every corner of the industry. In the face of the complex and ever-changing situation, how to break through the domestic PE industry and the recycled PE industry, , 2018, the spring will come first?