PUdaily’s "2023 China Adipic Acid-Polyester Polyols Market Research Report" focuses deeply on the Chinese adipic acid market, with a particular emphasis on analyzing the adipic acid-polyester polyols industry chain. The report comprehensively studies the upstream raw materials, supply chain, and consumer market of adipic acid for the past and next five years. It also covers international "carbon taxes," the macroeconomic impact on the industry chain in China, industry chain costs, profits, major producers and their market positions, marketing strategies, purchasing preferences of end-users, and investment opportunities. This report will assist users in accurately positioning themselves in the continuously growing segmented market in the coming years, providing wise decision support for stakeholders and promoting business expansion.
Supply and Demand Overview
In 2023, China's adipic acid production was around 1.74 million tons, with a year-on-year growth of approximately 2.8%. In terms of supply, there was a significant increase in China's adipic acid production capacity in 2023. The newly added capacity this year comes from Hengli Petrochemical (300,000 tons/year) and Chongqing Huafon (500,000 tons/year), supporting downstream 66,000 tons/year PBS/PBAT and a future 450,000 tons/year PBS unit, along with downstream 300,000 tons/year nylon 66 integrated project. The capacity has increased from 2.555 million tons/year in 2019 to 3.74 million tons/year this year, a growth of 1.185 million tons, with an average compound annual growth rate of nearly 10.0%. Despite the continued increase in domestic adipic acid supply due to newly added capacity, the raw material growth rate exceeds the downstream demand growth rate. Coupled with the downturn in downstream industry performance in 2023, domestic suppliers face intense market competition due to overcapacity.
In terms of demand, the adipic acid consumption structure in the Chinese market is mainly dominated by the PU industry (coating materials, shoe sole raw materials, TPU), and nylon 66. In recent years, the growth rate of TPU has slowed down, while the development prospects in the nylon 66 field remain promising. Starting from the second quarter of 2023, adipic acid market demand has consistently been weak, leading to the delayed commissioning of Hengli's new plant in the first half of the year. The consumption volume in the Chinese market decreased to 1.21 million tons in 2023, a YoY decrease of 7.6%.
What's New?
Sustainable Development: The report explores the impact of the new international "carbon tax" on the adipic acid-polyester polyol industry chain and provides detailed analysis of the technological route of bio-catalytic analysis.
Future Outlook: The report includes new price forecasts for adipic acid-polyester polyol for the years 2024-2026.
Adipic Acid Industry Analysis
Market Dynamics
This report provides a comprehensive and in-depth analysis of the Chinese adipic acid market, covering key information such as production capacity, production volume, price trends, cost and profit, import and export data, and ongoing and planned projects.
Production Capacity and Volume: Detailed analysis of the overall market capacity and actual production, examining the contributions of major producers and trends in capacity utilization.
Price Trends: In-depth study of historical price trends, analyzing the reasons for market fluctuations, seasonal changes, and potential international market influences on prices.
Cost and Profit: Focusing on the cost structure of adipic acid production and evaluating the profit levels of producers to reveal the market's profit potential.
Import and Export Trade: Systematic analysis of import and export data to understand major trading partners, changes in trade volume, and potential trade impact factors.
Ongoing and Planned Adipic Acid Projects: Focus on current ongoing and planned adipic acid production projects, evaluating the potential impact of each project on market supply-demand balance and competitive landscape.
Other Aspects: Explore market trends and future prospects, as well as assess policy and regulatory factors, risk factors, providing comprehensive market insights.
Major Adipic Acid Manufacturers in China
This report provides an in-depth analysis of major adipic acid manufacturers in China, focusing on three key dimensions: adipic acid industry chain analysis, sales strategies, and the plans for new construction and expansion. The analyzed companies include:
Aliphatic (Adipic Acid Type) Polyester Polyols Industry Analysis
Capacity & Export Volume Analysis
China's aliphatic (adipic acid type) polyester polyols has generally large production capacity, but compared to foreign production processes, few companies have unique technical characteristics, and most companies produce standard products with low technical levels. As of the end of 2023, mainland China has over 100 manufacturers of aliphatic (adipic acid type) polyester polyols, mostly concentrated in Zhejiang, Shandong, Guangdong, and other regions. Major domestic producers exporting adipic acid type polyester polyols include Xuchuan Chemical, Huafon Group, Shanghai Huide, Huada Chemical, Shandong Inov Polyurethane, etc.
Major Manufacturers Introduction
The report analyzes Chinese aliphatic (adipic acid type) polyester polyols manufacturers from three key dimensions: industry chain analysis, sales strategies, and new construction and expansion plans. The companies include:
Adipic Acid-Polyester Polyols Downstream Market
This report provides a detailed and comprehensive analysis of the following adipic acid-polyester polyols downstream industries:
We will conduct in-depth research on these industries from multiple perspectives:
Industry Competitive Landscape: Including capacity and production statistics and industry concentration analysis.
Detailed Analysis of Polyester Polyols Consumption in the Industry: In-depth investigation and analysis of industry consumption of polyester polyols.
Thorough Investigation and Analysis of Industry Procurement Preferences: In-depth research into industry procurement preferences.
Comprehensive Directory and Introduction of Top Enterprises in the Industry: A comprehensive review and introduction of the directory of top enterprises in the industry, including their strategies, new construction, and expansion plans.
Discover More
PUdaily’s collection of reports comprehensively covers the entire spectrum of the Polyurethane industry in Asia-Pacific:
1. 2023 Asia-Pacific MDI Market Research Report
2. 2023 Asia-Pacific TDI Market Research Report
3. 2023 Asia-Pacific Propylene Oxide Market Research Report
4. 2023 Asia-Pacific Polyether Polyol Market Research Report
5. 2023 China ADI Market Research Report
6. 2023 China BDO-THF-PTMEG Market Research Report
7. 2023 China Modified MDI Market Research Report
8. 2023 China Polyurethane Elastomers Market Research Report
9. 2023 China Rigid Blended Polyols Market Research Report
Contact Us
For more details, place an order or to obtain free samples, please contact:
Ms. Lucy Tang
Telephone: 0086-021-61250980
Email: marketing@pudaily.com
Address: Room 607, Block B, No.1439 Wuzhong Road, Shanghai, China
Or visit our official website: https://www.pudaily.com/Home/MarketReports
ABOUT PUDAILY
PUdaily is a trustworthy market information provider of Asian, especially Chinese polyurethane intelligence for the products of TDI, MDI, Propylene Oxide, Polyether Polyols, Adipic Acid, Polyester Polyols, BDO-THF-PTMEG, Aliphatic Isocyanates, PU Systems and more. We are a brand of Suntower Consulting Limited with 17 years presence in China polyurethane market.
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