According to the latest statistics, it is expected that in 2005 China's phenol consumption will account for about one-tenth of the world's total, ranking first in Asia, and becoming a veritable world consuming country of phenol.
In recent years, global phenol production has developed rapidly. In 2003, the world's phenol production capacity was 8.05 million tons, which increased to about 8.66 million tons in 2004 and is expected to reach 9.55 million tons in 2005. The demand for phenol varies from region to region. Last year, the U.S. market demand accounted for 26.8% of the world's total demand, Europe accounted for about 28.3%, Japan accounted for about 11%, and other regions in Asia accounted for about 20.1. %. However, this year's demand for phenol in China is expected to surpass Japan and become Asia's first.
In 2004, the production capacity of phenol in China was about 550,000 tons, and the output was about 350,000 tons. The average annual growth rate of phenol production from 1999 to 2004 was 10%.
In recent years, the demand for phenol in China has grown rapidly. In 2004, the apparent consumption of phenol in China was 619,600 tons, and the average annual growth rate of apparent consumption from 1999 to 2004 was 17.3%. The apparent consumption in 2005 is expected to reach more than 750,000 tons. As China's phenol production is far from meeting domestic demand, it needs a lot of imports each year, and imports have increased year by year. In 2003, it imported 330,000 tons, an increase of 48% over 2002. In 2004, due to anti-dumping measures, imports decreased to 280,000 tons.
In order to meet consumer demand, many domestic phenol manufacturers have expanded or newly built production facilities in the past two years. It is expected that China's total phenol production capacity will reach 1 million tons in 2006.
Although China's phenol production capacity can not meet the demand, but after 2006, there will be a partial surplus of domestic production capacity, coupled with the global surplus of phenol production has been on the whole, so the future of phenol market competition will be more intense. For this reason, experts recommend that China should adopt new technologies to increase the production capacity of single sets of equipment and eliminate the benzene sulfonated alkali fusion production equipment as soon as possible to reduce production costs, improve product quality, and meet the quality requirements of phenols for downstream products such as bisphenol A. It is not appropriate to build a new phenol production plant; in addition, an integrated production model can be used to build the industrial chain, while the scaled-up phenol production plant can be constructed, and the upstream and downstream production facilities can be matched to implement a stable outlet for phenol products.
In recent years, global phenol production has developed rapidly. In 2003, the world's phenol production capacity was 8.05 million tons, which increased to about 8.66 million tons in 2004 and is expected to reach 9.55 million tons in 2005. The demand for phenol varies from region to region. Last year, the U.S. market demand accounted for 26.8% of the world's total demand, Europe accounted for about 28.3%, Japan accounted for about 11%, and other regions in Asia accounted for about 20.1. %. However, this year's demand for phenol in China is expected to surpass Japan and become Asia's first.
In 2004, the production capacity of phenol in China was about 550,000 tons, and the output was about 350,000 tons. The average annual growth rate of phenol production from 1999 to 2004 was 10%.
In recent years, the demand for phenol in China has grown rapidly. In 2004, the apparent consumption of phenol in China was 619,600 tons, and the average annual growth rate of apparent consumption from 1999 to 2004 was 17.3%. The apparent consumption in 2005 is expected to reach more than 750,000 tons. As China's phenol production is far from meeting domestic demand, it needs a lot of imports each year, and imports have increased year by year. In 2003, it imported 330,000 tons, an increase of 48% over 2002. In 2004, due to anti-dumping measures, imports decreased to 280,000 tons.
In order to meet consumer demand, many domestic phenol manufacturers have expanded or newly built production facilities in the past two years. It is expected that China's total phenol production capacity will reach 1 million tons in 2006.
Although China's phenol production capacity can not meet the demand, but after 2006, there will be a partial surplus of domestic production capacity, coupled with the global surplus of phenol production has been on the whole, so the future of phenol market competition will be more intense. For this reason, experts recommend that China should adopt new technologies to increase the production capacity of single sets of equipment and eliminate the benzene sulfonated alkali fusion production equipment as soon as possible to reduce production costs, improve product quality, and meet the quality requirements of phenols for downstream products such as bisphenol A. It is not appropriate to build a new phenol production plant; in addition, an integrated production model can be used to build the industrial chain, while the scaled-up phenol production plant can be constructed, and the upstream and downstream production facilities can be matched to implement a stable outlet for phenol products.
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