CCM Data & Primary Intelligence
Survey of Ethoxylate in China The first edition Sep 2009
Researched & Prepared by:
Guangzhou CCM Information Science and Technology Co., Ltd Guangzhou, P. R. China
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CCM Data & Primary Intelligence Description: Ethoxylates, mainly include AEO, APEO, MPEG, etc., are widely used in the industries closely related to people's daily lives, such as household chemicals, textile & dyeing, construction, etc. With the continuous urbanization process and improvement of people's living standards, China's ethoxylate industry has developed fast in the past decade with slight changes in product structure. Besides, China imports large volume of ethoxylates every year but export little due to higher prices of homemade products, which partly restrains the domestic production. As the main raw material of ethoxylate, EO supply is usually insufficient in China, especially when the market of glycol, the major downstream product of EO, performs well. What are the interrelationships among production of EO, glycol and ethoxylate? How Chinese ethoxylate manufacturers cope with the insufficient EO supply when EO is inconvenient for long distance transportation? You will find the answers in this report, which also shows the supply situation of other raw materials of ethoxylate such as fatty alcohol, fatty acid etc. Among all the ethoxylates, AEO has constituted the largest output share. However, its growth rate has begun to slow down with the relatively steady demand. As the second largest ethoxylate in China, APEO output has been decreasing in recent years due to the government's ban on its application in certain downstream products. Meanwhile, some other products like MPEG, fatty amine ethoxylate, etc. have developed fast thanks to the increasing demand and less intense market competition. Facing the current sluggish market, large-scale manufacturers and small manufacturers usually adopt different strategies to ride over the crisis, what are their key strategies? Attributed to fast developing downstream industries, ethoxylate consumption has been growing fast in the past few years in China. The application situation in some industries is rather complicated. This report will uncover the detailed application by major ethoxylate and main downstream industry. In addition, you can also find the answers to the following questions: - What is situation of equivalent EO in China in 2004~2008? - Who are main EO manufacturers in China in 2008? - What are major EO production projects in China in 2009? - What is production situation of ethoxylate in 2009, including output, manufacturers' situation and technology? - What is profitability and cost structure of ethoxylate industry in 2009? - What is the detailed import situation of ethoxylate in China in 2008? - What is the production situation, price changes and major manufacturers of main ethoxylates? - What is SWOT analysis of five benchmarking manufacturers in Aug. 2009? - What is the consumption situation of ethoxylate, breakdown by main products in main downstream industries? - What are the key factors influencing development of ethoxylate industry? - What are the development trends of main ethoxylates in the following five years, breakdown by output and demand? Main content: No.
Content Executive summary
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CCM Data & Primary Intelligence I II II-1 II-2 II-3 II-4 II-5 II-6 III III-1 III-2 III-3 III-4 III-5 III-6 IV IV-1 IV-2 V V-1 V-1.1 V-1.2 V-1.3 V-1.4 V-2 V-2.1 V-2.2 V-2.3 V-2.4 V-3 V-3.1 V-3.2 V-3.3 V-3.4 V-3.5 VI VII VII-1 VII-2 VII-2.1 VII-2.2 VII-2.3 VII-3.1 VII-3.2 VIII IX IX-1
Methodology and definition Key findings of ethoxylate industry research Production situation of ethoxylate industry in China Classification and output Summary of ethoxylate producers Technology Ethylene oxide supply situation Profitability Development trend Demand of ethoxylate in China Household chemicals industry Textile & dyeing Construction Leather industry Industrial Detergent Other industries IE analysis AEO import analysis NPEO import analysis Introduction to key ethoxylate products in China Fatty alcohol ethoxylate derivates Introduction to AEO derivatives Production Consumption of AEO Introduction to fatty alcohol Alkylphenol ethoxylates Introduction to APEO derivatives Production Consumption of APE Introduction to alkyl phenol Other ethoxylates Introduction to other ethoxylates Production Consumption of other ethoxylate Introduction to fatty acid Introduction to fatty amine SWOT analysis of top 5 manufacturers Forecast Introduction Key factors influencing ethoxylate industry Drivers Restraints Forecast Introduction to the forecast Forecast on output and demand Recommendation Appendix Zhejiang Jiaxing Sanjiang Chemical Co., Ltd.
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CCM Data & Primary Intelligence IX-2 IX-3 IX-4 IX-5 IX-6 IX-7 IX-8 IX-9 IX-10 IX-11 IX-12
Liaoning Huaxing Group Liaoning Aoke Group Jiangsu Hai'an Petrochemical Plant Zhejiang Huangma Chemical Industry Group Co., Ltd. Liaoning Kelong Chemical Industrial Co., Ltd. Jiangsu Lingfei Chemical Co., Ltd. China Resources (Boxing) Oleochemicals Co., Ltd. Sinolight Chemicals Co., Ltd. Shanghai Cognis Oil Chemicals Co. Ltd. Jiangsu Sixin Surfactant Technology Co., Ltd. Jiangsu Huayuan Chemical Co., Ltd.
82 84 86 88 90 91 93 94 96 97 99
Executive summary: Ethoxylates, the most important series of n-SAA, have been growing fast in recent years. Besides, some new products such as MPEG are developed for new application fields, which has also accelerated the development of ethoxylate industry and gradually changed the market structure. As of Aug. 2009, the total capacity of ethoxylate has exceeded XXXt/a in China, and the actual output was XXX tonnes in 2008, increasing by XX%, lower than the CAGR in 2001~2008 due to the impact of financial crisis. Ethoxylate output had grown from XXX tonnes in 2001 to XXX tonnes in 2008 with CAGR of about XX% in China. Currently ethoxylate capacity has greatly exceeded the demand, which was XXX tonnes in 2008, leading to the intense price competition. Generally, EO accounts for XX% of the raw material cost of Chinese ethoxylate producers. However, China's EO supply is usually insufficient despite its fast expanding capacity and output, as it is hard to restore and is mostly consumed in glycol production. The total import volume of ethoxylate was about XXX tonnes in 2008, with AEO and NPEO being the major imported products. And little ethoxylate was exported in China last year due to the higher domestic prices. AEO, APEO and MPEG are the top three ethoxylates, accounting for XX%, XX% and XX% of the total ethoxylate consumption. Ethoxylate consumption structure may change much in the future with the risng demand of MPEG from construction industry. Besides, the reducing demand of APEO will lead to its shrinking share in total consumption, while AEO will remain the top ethoxylate in the near future. The demand structure of ethoxylate in each industry may not change much in the future. But in some industries, the varieties of ethoxylate applied may change greatly, such as textile & dyeing industry, in which AEO will gradually replace APEO in the coming years. Character of CCM' Report: The aim of this report is to provide powerful assistance to the strategy group and the management team in making correct decision as how to penetrate the ever-increasing China market and how to catch the maximum commercial opportunities. The report is formulated independently by CCM’s professional market researchers, based on the first-hand and primary data which are analyzed by scientific methodology, confirmed with both manufacturers/end users/traders and legal authorities, and presented in a logic way. Sample pages
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CCM Data & Primary Intelligence II Production situation of ethoxylate industry in China II-2 Summary of ethoxylate producers Table II-2-1 Top ethoxylate producers in China, 2009 Process and
Capacity, Manufacturer
EO derivatives
Main product t/a,
equipment origin
Zhejiang SinoLight Chemical Co., Ltd.
AES
000,000
00000, 00000,
00000,
Zhejiang Zanyu Technology Co., Ltd.
AES
000,000
00000,
00000,
China
Fatty
000,000
00000,
00000,
…
…
…
0000,000
00000,
00000,
Resources
(Boxing)
amine
Oleochemicals Co., Ltd.
ethoxylate
…
…
Jiangsu Subei Chemical Co., Ltd.
AEO, etc.
Source: CCM International Ltd.
II-4 Ethylene oxide supply situation II-4.1 General introduction to ethylene oxide production situation in China Table II-4.1-2 Output of EO in China in 2005~2008 EO output (equivalent), tonne Group
Manufacturer
2005
2006
2007
2008
Beijing Yanhua Petrochemical
000,000
000,000
000,000
000,000
Shanghai Petrochemical
000,000
000,000
000,000
000,000
Subtotal
000,000
0,000,000
00,000,000
00,000,000
Jilin Petrochemical
000,000
0,000,000
00,000,000
00,000,000
Dushanzi Petrochemical
000,000
0,000,000
00,000,000
00,000,000
…
…
…
…
Subtotal
000,000
000,000
000,000
000,000
CSPC
000,000
000,000
000,000
000,000
BBCA Biochem Anhui
000,000
000,000
000,000
000,000
Jiaxing Sanjiang
000,000
000,000
000,000
000,000
Subtotal
000,000
000,000
000,000
000,000
00,000,000
00,000,000
00,000,000
00,000,000
SINOPEC ……
CNPC …
CSPC
Others
Total Source: CCM international
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CCM Data & Primary Intelligence II-4.3 Marketable EO in China Table II-4.3-1 Production situation of marketable EO in China in 2004~2008 Year
Marketable EO Capacity
Growth
Output
(t/a)
rate
(tonne)
Growth rate
Proportion in total EO output
2004
000,000
00.00%
000,000
00.00%
00.00%
2005
000,000
00.00%
000,000
00.00%
00.00%
2006
000,000
00.00%
000,000
00.00%
00.00%
2007
000,000
00.00%
000,000
00.00%
00.00%
2008
000,000
00.00%
000,000
00.00%
00.00%
Source: CCM international
II-5 Profitability Table II-5-1 Cost structure of AEO, Aug. 2009 Item
Unit cost, USD/t
Cost share
EO
000,000
000,000
Other raw materials
000,000
000,000
Utility
000,000
000,000
Transportation cost
000,000
000,000
Others
000,000
000,000
Total
000,000
000,000
Ex-factory price, USD/t
000,000
Profit, USD/t
000,000
Source: CCM International
III
Demand of ethoxylate in China
III-1 Household chemicals industry Table III-1-1 Consumption volume of major ethoxylate products in household chemicals, 2008. Ethoxylate Volume, tonne
AEO2/AEO3
AEO7
000,000
AEO9
000,000
000,000
FMEE
Others
Total
000,000
000,000
000,000
Source: CCM International
III-2 Textile & dyeing Table III-2-1 Consumption volume of major ethoxylate products in textile & dyeing industry, 2008. Ethoxylate
APEO
AEO
FEE
Fatty amine ethoxylate
Fatty
acid
Others
Total
ethoxylate Volume,
000,000
000,000
000,000
000,000
000,000
000,000
000,000
tonne Source: CCM International
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CCM Data & Primary Intelligence IV IE analysis IV-1 AEO import analysis. Table IV-1 Import structure of ethoxylate, 2008 Ethoxylate
AEO
Import volume, tonne
NPEO
000,000
000,000
OPEO
Total
000,000
000,000
Source: CCM International
Table IV-1-1 Import situation of AEO by importer, 2008 Name
Import volume, tonne
Price, USD/kg
Sinolight Material Co., Ltd.
000,000
000,000
Zhejiang Provincial Light & Textile Group Light Industry Co., Ltd.
000,000
000,000
000,000
000,000
…
…
Sasol (China) Chemical Co., Ltd.
000,000
000,000
Others
000,000
000,000
000,000
000,000
Guangzhou Economic & Technical Development District Construction I/e Co., Ltd. …
Total
Table IV-1-3 Import situation of AEO by import origin, 2008 Country
Import volume, tonne
Price, USD/kg
US
000,000
000,000
Malaysia
000,000
000,000
…
…
Denmark
000,000
000,000
Total
000,000
000,000
…
Source: CCM International
IV-2 NPEO import analysis TableIV-2-1 Import situation of NPEO by importer, 2008 Name
Import volume, tonne
Price, USD/kg
Guangzhou Economic & Technical Development District Construction I/e 000,000
000,000
Hangzhou Transfar Trade Co., Ltd.
000,000
000,000
Heihe Huahai Trade Co.
000,000
000,000
…
…
Manzhouli Beryl Economic and Trade Co., Ltd.
000,000
000,000
Others
000,000
000,000
000,000
000,000
Co., Ltd.
…
Total Source: CCM International
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CCM Data & Primary Intelligence V Introduction to key ethoxylate products in China V-1 Fatty alcohol ethoxylate derivates (AEO) V-1.2 Production Figure V-1.2-1 Top AEO manufacturers in China, 2009 Manufacturer
Product
Capacity, t/a, Aug. 2009
Zhejiang Jiaxing Sanjiang Chemical Co., Ltd.
AEO, NPEO
000,000
Liaoning Huaxing Group
AEO, etc., AES
000,000
Zhejiang Huangma Chemical Industry Group Co., Ltd.
AEO, etc.
000,000
Source: CCM International
VII-3 Forecast VII-3.2 Forecast on output and demand Table VII-3.2-4 Growth rate of AEO output, 2002-2008 Year
2002
2003
2004
2005
2006
2007
2008
Growth rate
000,000
000,000
000,000
000,000
000,000
000,000
000,000
Source: CCM International
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