Who will grow fastest in the polyurethane market in 2004, the answer is PTMEG. Perhaps the growth rate of more than 10% such as MDI, DMF, and AA is fast enough, but it is still somewhat slow compared with the growth rate of more than 20% of PTMEG.
In a recent survey, it was shown that PTMEG's growth rate in China in 2004 may exceed 20%, and global PTMEG's growth rate is also close to 10%. From the perspective of market supply and demand, the market in 2004 will still be a situation in which demand exceeds supply. Domestic manufacturers currently producing PTMEG have only Jinan Shengquan, and their production capacity is only 5,000 tons. For the domestic market, it is a cup of water. However, this situation is expected to ease in 2004 and 2005.
Two PTMEG projects have attracted much attention this year. One is BASF's Shanghai project. With a production capacity of 60,000 tons, BASF's advanced technology will also be adopted to directly produce PTMEG bypassing this link of BDO; the other is the three-dimensional PTMEG project in Shanxi. With a capacity of 15,000 tons, the Reppe method will be adopted. Although 3D will be put into production before BASF, there is a certain gap between capacity and brand. The domestic market will also be more aligned with the two companies.
Although PTMEG is growing at a rapid rate, we also see important reasons for the small domestic market base. With the development of these two years, the growth rate of production capacity will certainly be reduced. At present, the main demand for PTMEG comes from spandex, and it is estimated that the annual average spandex demand for PTMEG in the next two years will be between 60 and 80,000 tons. BASF, Shanxi Three-dimensional and several other PTMEG projects in the future will be able to meet the needs of the market. In this way, those companies that see huge profits and want to put into production PTMEG projects will have to pay attention to these unfavorable factors. Either the technology has an advantage, or it has a good market entry point, or discovers the market potential that the market has not noticed... or else it looks for other projects.
In a recent survey, it was shown that PTMEG's growth rate in China in 2004 may exceed 20%, and global PTMEG's growth rate is also close to 10%. From the perspective of market supply and demand, the market in 2004 will still be a situation in which demand exceeds supply. Domestic manufacturers currently producing PTMEG have only Jinan Shengquan, and their production capacity is only 5,000 tons. For the domestic market, it is a cup of water. However, this situation is expected to ease in 2004 and 2005.
Two PTMEG projects have attracted much attention this year. One is BASF's Shanghai project. With a production capacity of 60,000 tons, BASF's advanced technology will also be adopted to directly produce PTMEG bypassing this link of BDO; the other is the three-dimensional PTMEG project in Shanxi. With a capacity of 15,000 tons, the Reppe method will be adopted. Although 3D will be put into production before BASF, there is a certain gap between capacity and brand. The domestic market will also be more aligned with the two companies.
Although PTMEG is growing at a rapid rate, we also see important reasons for the small domestic market base. With the development of these two years, the growth rate of production capacity will certainly be reduced. At present, the main demand for PTMEG comes from spandex, and it is estimated that the annual average spandex demand for PTMEG in the next two years will be between 60 and 80,000 tons. BASF, Shanxi Three-dimensional and several other PTMEG projects in the future will be able to meet the needs of the market. In this way, those companies that see huge profits and want to put into production PTMEG projects will have to pay attention to these unfavorable factors. Either the technology has an advantage, or it has a good market entry point, or discovers the market potential that the market has not noticed... or else it looks for other projects.
Seafood Tools,Seafood Scissors,Seafood Utensils Set,Seafood Utensils
Xiongyang Household Co., Ltd , https://www.yjkitchen-manage.com