Review and future outlook of the hottest global et

Review and future outlook of the global ethylene industry (2019

Review and future outlook of the global ethylene industry ()

January 22, 2019

global ethylene production capacity will continue to grow, and it is expected that the annual New production capacity will be about 38million tons, reaching 2.153 by 2023 The relaxation testing machine can test 100 million tons of specimens for high cycle fatigue and low cycle fatigue, with an average annual growth rate of 4%. In the next few years, the ethylene industry in the United States, the Middle East, Southeast Asia, China and other countries and regions will glow with new vitality

the global oil and gas industry is fully recovering. After several years of stagnation, project cancellation and delay, petrochemical investment will usher in new growth. The regions with active petrochemical projects are mainly in the Asia Pacific, the Middle East and the United States. Before 2050, most of the demand growth in the global petrochemical industry will occur in the Middle East and China. Thanks to this, most projects will be built here. In the United States, due to the successful continuation of the shale gas revolution, the enthusiasm for petrochemical project investment remains unabated. While the products meet local needs, they are mainly oriented to overseas markets

as the basic raw material of the petrochemical industry, ethylene directly derives and drives the development of such technologies as plastic deep processing, rubber, prevention, building materials, chemical machinery manufacturing and engineering, which has gone beyond the traditional methods of using prepreg carbon fiber or resin to convert injection molding, such as construction, transportation, catering and other industries, and plays a decisive role in the national economy and people's livelihood of all countries. By the end of 2017, the global ethylene production capacity was about 170 million tons, an increase of 5.14 million tons or 3% over 2016. In 2017, China added 4 new projects, with a total ethylene production capacity of 1.2 million tons; India has a new ethylene project with a capacity of 1.5 million tons; There are four new and expanded ethylene projects in the United States, with a total new ethylene capacity of 2.44 million tons

geographically, North America and the Asia Pacific are the world's largest ethylene producers, accounting for 56% of the world's ethylene production capacity in 2017. The production capacity in the Middle East increased rapidly, accounting for 21% in 2017 from 10% in 2005. The adjustment of European ethylene industry came to an end, and the production capacity fell from 23% in 2005 to 14% in 2017

the total ethylene production capacity of the world's top ten ethylene producing countries and regions accounted for 68.5% of the global production capacity, an increase of 0.6% over 2016. The United States remains the world's largest producer of ethylene. By the end of 2017, the US ethylene production capacity had reached 31.886 million tons, accounting for 18.7% of the total global ethylene production capacity. China and Saudi Arabia ranked second and third, accounting for 13.8% and 9.2% respectively

from the perspective of producers, the total capacity of the world's top ten ethylene producers in 2017 was 94.3 million tons/year, accounting for 55% of the world's total capacity. Since the merger of Dow Chemical and DuPont in the second half of 2017, the new company dowdupont has a total global ethylene production capacity of 15.22 million tons, becoming the largest ethylene producer with a market share of 8.9%. ExxonMobil and Saudi Arabia followed closely in basic industries, with the total capacity of the three companies accounting for 26.4% of the global total capacity

from the perspective of raw materials, the proportion of ethane in the world has increased year by year. In 2017, ethane accounted for 38% and naphtha feed accounted for 42%. In 2017, 69% of ethylene in the United States used ethane as raw material, 21% of products used LPG, 7% of products used naphtha and gas oil as feedstock, and the rest used gasoline as raw material. Worldwide, the proportion of naphtha routes will gradually decrease, and it is expected to drop to 40% by 2025. The proportion of ethane in the ethylene preparation route will further increase, reaching about 42% in 2025

the global ethylene production capacity will continue to grow. It is estimated that the annual new production capacity will be about 38million tons, reaching 215 million tons by 2023, with an average annual growth rate of 4%. In the next few years, the development of ethylene industry in the United States, the Middle East, Southeast Asia, China's cost saving countries and other countries and regions will glow with new vitality

ethylene is the main means of realizing the shale gas boom in the United States, and it is still the peak of capacity release in the next five years. Asia Chemical consulting statistics show that between 2019 and 2023, the United States will add about 12million tons of ethylene capacity, with an average annual compound growth rate of 6.1%. The supporting downstream products of the new ethylene project are mainly polyethylene, and some are planned to be ethylene glycol. The United States will become an important net exporter of polyethylene and ethylene glycol, bringing certain pressure to the international supply and demand balance of polyethylene and ethylene glycol

countries and regions along the "the Belt and Road" such as India and the Middle East will continue to promote the development of ethylene industry

-- thanks to the rapid economic development and the two policies of "made in India" and "clean India", Indian chemical industry continues to grow rapidly

-- the Middle East is trying to expand its downstream asset portfolio and reduce the country's dependence on crude oil exports through diversification. In 2018, Abu Dhabi, Qatar, Saudi Arabia and other countries announced new petrochemical project plans

-- Southeast Asia is also vigorously promoting the growth of the petrochemical industry, especially Indonesia, Thailand and Singapore, which have set clear goals and made great efforts to implement them

China is the growth engine of the global and Asian chemical industry. In the future, the development of ethylene industry, its biggest advantage industry, will present a magnificent scene. From 2019 to 2023, China will add about 18million tons of ethylene capacity, with an average annual compound growth rate of 11%. The optimization of raw material structure, diversification of processes, industrialization of advanced technology, diversification of market participants, and high-end downstream products will be further deepened. China's economic development has entered the "new normal" of medium and high-speed growth, but the demand will still grow steadily. It is estimated that the ethylene equivalent gap will be more than 20million tons in 2023, and a large number of monomers and derivatives still need to be imported