Recently, Kumho P&B Chemical Co., a subsidiary of South Korea's Kumho Petrochemical, announced that it plans to expand its production capacity of Lishui Bisphenol A from the current 450,000 tons/year to 650,000 tons/year.
The company will invest about 200 billion won (about 176 million US dollars) to build a new 200,000 tons / year BPA unit, which is expected to be completed in the second half of 2021. IHS Markit said that the overall healthy growth of the world economy will drive future demand for BPA. Continue to grow. The Asian market, which accounts for more than half of global BPA demand, will continue to expand, especially as the Chinese market drives demand and capacity growth in the region. South Korea is a net exporter of BPA. It is expected that the Korean polycarbonate industry will be in the next five years. Demand for BPA will gradually decline, as the production and export of polycarbonate resins will decline at a rate of approximately 4.4% and 6.1% per year from 2015 to 2020, respectively.