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Recently, the old Japanese petrochemical giant Idemitsu announced that it will withdraw from the acrylic acid and butyl acrylate business
Idemitsu Kosan is one of the smaller producers in Northeast Asia and the smallest in Japan, and its acrylic products business includes acrylic acid and butyl acrylate, which it has been in for 30 years since 1992
Acrylic acid is produced by the oxidation of propylene, approximately 50% of the acrylic acid is converted to acrylates, and 50% is purified to 98-99.
At present, the global acrylic acid production capacity is close to 9 million tons, of which about 60% of the production capacity comes from Northeast Asia, 38% from China, 15% from North America, and 16% from Europe
In 2021, the global production of acrylic acid will reach 6 million tons, 52% of which will come from Northeast Asia, and China's production will account for 35% of the output, which is 2.
In 2021, the global acrylate production capacity will be nearly 7 million tons, of which 3.
Butyl acrylate accounts for up to 80% of the downstream consumption of acrylates.
In 2021, the global SAP production capacity will be nearly 4.
From the perspective of global trade, South Korea and Japan are still the world's largest SAP exporters, with a combined export of 800,000 tons, accounting for 70% of global trade volume
From the perspective of global demand, it is expected that the global consumption of acrylic acid will maintain an average annual growth rate of 3.
From the perspective of global supply, the strong demand in the next few years has stimulated Chinese companies to increase the investment of integrated acrylic acid production capacity, but there is basically no new production capacity in other parts of the world
It is worth mentioning that Satellite Chemical, a leader in acrylic acid, is in the center of rapidly growing demand, and continues to make efforts to increase the production capacity of acrylic acid, butyl acrylate and SAP.
Looking overseas, the acrylic industry in Europe and the United States has a number of aging equipment and frequent accidents in the 1960s and 1970s.
Author: Zhao Jun, member of the editorial board of "China Petroleum and Chemical Industry" magazine
