Acetic Acid Industry Outlook in China to 2016 - Market Size, Company Share, Price Trends, Capacity Forecasts of All Active and Planned Plants Reference Code: GDCH1695IDB Publication Date: December 2012 GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 1
Table of Contents 1 Table of Contents 1 Table of Contents 2 1.1 List of Tables 5 1.2 List of Figures 6 2 China Acetic Acid Industry, Supply Scenario, 2000-2016 7 2.1 China Acetic Acid Industry, Total Plant Capacity, 2000-2016 7 2.2 China Acetic Acid Industry, Installed Plant Capacity by Production Process, 2011 16 2.3 China Acetic Acid Industry, Installed Plant Capacity by Technolgy, 2011 18 2.4 China Acetic Acid Industry, Company Share, 2011 21 3 China, Acetic Acid Industry, Planned Projects Details, 2011-2016 22 4 China Acetic Acid Industry, Market Dynamics, 2000-2016 23 4.1 China Acetic Acid Industry, Market Size, 2000-2016 23 4.2 China Acetic Acid Industry, Demand and Production Outlook, 2000-2016 25 4.3 China Acetic Acid Industry, Demand by End Use Sector, 2011 27 4.4 China Acetic Acid Industry, Price Forecasts, 2000-2016 28 5 China Acetic Acid Industry, Trade Balance, 2000-2016 30 5.1 China Acetic Acid Industry, Imports and Exports, 2000-2016 30 5.2 China Acetic Acid Industry, Net Exports, 2000-2016 32 5.3 China Acetic Acid Industry, Imports as Percentage of Demand, 2000-2016 34 6 Jiangsu SOPO Chemical Co., Ltd., Company Snapshot 36 6.1 Jiangsu SOPO Chemical Co., Ltd., Company Overview 36 6.2 Jiangsu SOPO Chemical Co., Ltd., Key Information 36 6.3 Jiangsu SOPO Chemical Co., Ltd., Business Description 36 6.3.1 Business Overview 36 6.4 Jiangsu SOPO Chemical Co., Ltd., Acetic Acid Market, 2011 38 6.4.1 Jiangsu SOPO Chemical Co., Ltd., Acetic Acid Capacity Split, China and Rest of the World, 201138 6.4.2 Jiangsu SOPO Chemical Co., Ltd., Acetic Acid Plant Capacity Share in China, 2011 38 GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 2
Table of Contents 6.4.3 Jiangsu SOPO Chemical Co., Ltd., Acetic Acid Capacity in China, 2000-2016 39 6.4.4 Jiangsu SOPO Chemical Co., Ltd., Acetic Acid Plants Details in China, 2011 39 7 Shanghai Wujing Chemical Company Ltd., Company Snapshot 40 7.1 Shanghai Wujing Chemical Company Ltd., Key Information 40 7.2 Shanghai Wujing Chemical Company Ltd., Acetic Acid Market, 2011 41 7.2.1 Shanghai Wujing Chemical Company Ltd., Acetic Acid Capacity Split, China and Rest of the World, 2011 41 7.2.2 Shanghai Wujing Chemical Company Ltd., Acetic Acid Plant Capacity Share in China, 2011 41 7.2.3 Shanghai Wujing Chemical Company Ltd., Acetic Acid Capacity in China, 2000-2016 42 7.2.4 Shanghai Wujing Chemical Company Ltd., Acetic Acid Plants Details in China, 2011 42 8 Yankuang Cathay Coal Chemicals Co., Ltd., Company Snapshot 43 8.1 Yankuang Cathay Coal Chemicals Co., Ltd., Key Information 43 8.2 Yankuang Cathay Coal Chemicals Co., Ltd., Acetic Acid Market, 2011 44 8.2.1 Yankuang Cathay Coal Chemicals Co., Ltd., Acetic Acid Capacity Split, China and Rest of the World, 2011 44 8.2.2 Yankuang Cathay Coal Chemicals Co., Ltd., Acetic Acid Plant Capacity Share in China, 2011 44 8.2.3 Yankuang Cathay Coal Chemicals Co., Ltd., Acetic Acid Capacity in China, 2000-2016 45 8.2.4 Yankuang Cathay Coal Chemicals Co., Ltd., Acetic Acid Plants Details in China, 2011 45 9 Celanese Corporation, Company Snapshot 46 9.1 Celanese Corporation, Company Overview 46 9.2 Celanese Corporation, Key Information 46 9.3 Celanese Corporation, Business Description 47 9.3.1 Business Overview 47 9.4 Celanese Corporation, Acetic Acid Market, 2011 49 9.4.1 Celanese Corporation, Acetic Acid Capacity Split, China and Rest of the World, 2011 49 9.4.2 Celanese Corporation, Acetic Acid Plant Capacity Share in China, 2011 50 9.4.3 Celanese Corporation, Acetic Acid Capacity in China, 2000-2016 51 9.4.4 Celanese Corporation, Acetic Acid Plants Details in China, 2011 51 9.5 SWOT Analysis 52 9.5.1 Overview 52 9.5.2 Celanese Corporation Strengths 52 9.5.3 Celanese Corporation Weaknesses 53 9.5.4 Celanese Corporation Opportunities 54 9.5.5 Celanese Corporation Threats 55 10 BP p.l.c., Company Snapshot 57 GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 3
Table of Contents 10.1 BP p.l.c., Company Overview 57 10.2 BP p.l.c., Key Information 57 10.3 BP p.l.c., Business Description 57 10.3.1 Business Overview 57 10.3.2 Exploration and Production 59 10.3.3 Other Businesses and Corporate 61 10.3.4 Refining and Marketing 62 10.3.5 Refining and Marketing 64 10.4 BP p.l.c., Acetic Acid Market, 2011 67 10.4.1 BP p.l.c., Acetic Acid Capacity Split, China and Rest of the World, 2011 67 10.4.2 BP p.l.c., Acetic Acid Plant Capacity Share in China, 2011 68 10.4.3 BP p.l.c., Acetic Acid Capacity in China, 2000-2016 69 10.4.4 BP p.l.c., Acetic Acid Plants Details in China, 2011 69 11 Appendix 70 11.1 Definitions 70 11.1.1 Installed Plant Capacity 70 11.1.2 Process 70 11.1.3 Technology 70 11.2 Abbreviations 70 11.3 GlobalData s Methodology 70 11.3.1 Coverage 70 11.3.2 Secondary Research 71 11.3.3 Primary Research 71 11.3.4 Expert Panel Validation 72 11.4 Disclaimer 72 GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 4
Table of Contents 1.1 List of Tables Table 1: China, Total Acetic Acid Capacity, MMTPA, 2000-2016 8 Table 2: China, Major Acetic Acid Plants Capacity, MMTPA, 2000-2016 9 Table 3: China, Major Acetic Acid Plants Capacity, MMTPA, 2000-2016 (Contd.) 10 Table 4: China, Active Acetic Acid Plants by State, %, 2011 11 Table 5: China, Major Active Acetic Acid Plants Details, MMTPA, 2011 12 Table 6: China, Major Active Acetic Acid Plants by Production Process and Technology, 2011 13 Table 7: China, Top Acetic Acid Plants Capacity, %, 2011 14 Table 8: China, Top Acetic Acid Plants Details, 2011 15 Table 9: China, Acetic Acid Industry, Installed Plant Capacity by Production Process, %, 2011 16 Table 10: China, Acetic Acid Industry, Installed Plant Capacity by Methanol Carbonylation, 2011 17 Table 11: China, Acetic Acid Industry, Installed Plant Capacity by Ethanol-aldehyde process, 2011 17 Table 12: China, Acetic Acid Industry, Installed Plant Capacity by Acetaldehyde Oxidation, 2011 17 Table 13: China, Acetic Acid Industry, Installed Plant Capacity by Technology, %, 2011 18 Table 14: China, Acetic Acid Industry, Installed Plant Capacity by SOPO Acetic Acid Technology, 2011 19 Table 15: China, Acetic Acid Industry, Installed Plant Capacity by BP Cativa Technology, 2011 19 Table 16: China, Acetic Acid Industry, Installed Plant Capacity by Southwest China Institute of Chemical Industry Acetic Acid Technology, 2011 19 Table 17: China, Acetic Acid Industry, Installed Plant Capacity by Celanese AOPlus Acetic Acid Technology, 2011 19 Table 18: China, Acetic Acid Industry, Installed Plant Capacity by Pujing Acetic Acid Technology, 2011 20 Table 19: China, Acetic Acid Industry, Installed Plant Capacity by Company, %, 2011 21 Table 20: China, Acetic Acid Industry, Planned Projects, 2011-2016 22 Table 21: China, Acetic Acid Industry, Demand Value, $m, 2000-2016 24 Table 22: China, Acetic Acid Industry, Demand and Production, MMTPA, 2000-2016 26 Table 23: China, Acetic Acid Industry, Demand by End Use Sector, %, 2011 27 Table 24: China, Acetic Acid Industry, Price Forecasts, $/Tonne, 2000-2016 29 Table 25: China, Acetic Acid Industry, Imports and Exports, MMTPA, 2000-2016 31 Table 26: China, Acetic Acid Industry, Net Exports, MMTPA, 2000-2016 33 Table 27: China, Acetic Acid Industry, Imports as Percentage of Demand, %, 2000-2016 35 Table 28: Jiangsu SOPO Chemical Co., Ltd., Key Facts 36 Table 29: China, Jiangsu SOPO Chemical Co., Ltd., Acetic Acid Capacity Share, %, 2011 38 Table 30: China, Jiangsu SOPO Chemical Co., Ltd., Acetic Acid Plant Capacity, MMTPA, 2000-2016 39 Table 31: China, Jiangsu SOPO Chemical Co., Ltd., Acetic Acid Plants Details, 2011 39 Table 32: Shanghai Wujing Chemical Company Ltd., Key Facts 40 Table 33: China, Shanghai Wujing Chemical Company Ltd., Acetic Acid Capacity Share, %, 2011 41 Table 34: China, Shanghai Wujing Chemical Company Ltd., Acetic Acid Plant Capacity, MMTPA, 2000-2016 42 Table 35: China, Shanghai Wujing Chemical Company Ltd., Acetic Acid Plants Details, 2011 42 Table 36: Yankuang Cathay Coal Chemicals Co., Ltd., Key Facts 43 Table 37: China, Yankuang Cathay Coal Chemicals Co., Ltd., Acetic Acid Capacity Share, %, 2011 44 Table 38: China, Yankuang Cathay Coal Chemicals Co., Ltd., Acetic Acid Plant Capacity, MMTPA, 2000-2016 45 Table 39: China, Yankuang Cathay Coal Chemicals Co., Ltd. Acetic Acid Plants Details, 2011 45 Table 40: Celanese Corporation, Key Facts 46 Table 41: Celanese Corporation,Acetic Acid Capacity Split, China and Rest of the World,%, 2011 49 GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 5
Table of Contents Table 42: China, Celanese Corporation, Acetic Acid Capacity Share, %, 2011 50 Table 43: China, Celanese Corporation, Acetic Acid Plant Capacity, MMTPA, 2000-2016 51 Table 44: China, Celanese Corporation, Acetic Acid Plants Details, 2011 51 Table 45: Celanese Corporation, SWOT Analysis 52 Table 46: BP p.l.c., Key Facts 57 Table 47: BP p.l.c., Acetic Acid Capacity Split, China and Rest of the World,%, 2011 67 Table 48: China, BP p.l.c., Acetic Acid Capacity Share, %, 2011 68 Table 49: China, BP p.l.c., Acetic Acid Plant Capacity, MMTPA, 2000-2016 69 Table 50: China, BP p.l.c., Acetic Acid Plants Details, 2011 69 1.2 List of Figures Figure 1: China, Total Acetic Acid Capacity, MMTPA, 2000-2016 7 Figure 2: China, Active Acetic Acid Plants by State, %, 2011 11 Figure 3: China, Top Acetic Acid Plants Capacity, %, 2011 14 Figure 4: China, Acetic Acid Industry, Installed Plant Capacity by Production Process, %, 2011 16 Figure 5: China, Acetic Acid Industry, Installed Plant Capacity by Technology, %, 2011 18 Figure 6: China, Acetic Acid Industry, Installed Plant Capacity by Company, %, 2011 21 Figure 7: China, Acetic Acid Industry, Demand Value, $m, 2000-2016 23 Figure 8: China, Acetic Acid Industry, Demand and Production, MMTPA, 2000-2016 25 Figure 9: China, Acetic Acid Industry, Demand by End Use Sector, %, 2011 27 Figure 10: China, Acetic Acid Industry, Price Forecasts, $/Tonne, 2000-2016 28 Figure 11: China, Acetic Acid Industry, Imports and Exports, MMTPA, 2000-2016 30 Figure 12: China, Acetic Acid Industry, Net Exports, MMTPA, 2000-2016 32 Figure 13: China, Acetic Acid Industry, Imports as Percentage of Demand, %, 2000-2016 34 Figure 14: China, Jiangsu SOPO Chemical Co., Ltd., Acetic Acid Capacity Share, %, 2011 38 Figure 15: China, Shanghai Wujing Chemical Company Ltd., Acetic Acid Capacity Share, %, 2011 41 Figure 16: China, Yankuang Cathay Coal Chemicals Co., Ltd., Acetic Acid Capacity Share, %, 2011 44 Figure 17: Celanese Corporation, Acetic Acid Capacity Split, China and Rest of the World,%, 2011 49 Figure 18: China, Celanese Corporation, Acetic Acid Capacity Share, %, 2011 50 Figure 19: BP p.l.c., Acetic Acid Capacity Split, China and Rest of the World,%, 2011 67 Figure 20: China, BP p.l.c., Acetic Acid Capacity Share, %, 2011 68 GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 6
Acetic Acid Industry Outlook in China to 2016 2 China Acetic Acid Industry, Supply Scenario, 2000-2016 2.1 China Acetic Acid Industry, Total Plant Capacity, 2000-2016 Figure 1: China, Total Acetic Acid Capacity, MMTPA, 2000-2016 GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 7
Acetic Acid Industry Outlook in China to 2016 Table 1: China, Total Acetic Acid Capacity, MMTPA, 2000-2016 Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 CAGR(2000-2011) CAGR(2011-2016) Capacity GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 8
Acetic Acid Industry Outlook in China to 2016 Table 2: China, Major Acetic Acid Plants Capacity, MMTPA, 2000-2016 Plant Name 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 9
Acetic Acid Industry Outlook in China to 2016 Figure 2: China, Active Acetic Acid Plants by State, %, 2011 Table 4: China, Active Acetic Acid Plants by State, %, 2011 State Jiangsu Sheng Shandong Sheng Chongqing Shi Hebei Sheng Heilongjiang Sheng Others Percentage GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 11
Acetic Acid Industry Outlook in China to 2016 Table 5: China, Major Active Acetic Acid Plants Details, MMTPA, 2011 Plant Name Plant Equity Partners Plant Operator Annual Capacity, MMTPA GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 12
Acetic Acid Industry Outlook in China to 2016 Table 6: China, Major Active Acetic Acid Plants by Production Process and Technology, 2011 Plant Name Production Process Technology GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 13
Acetic Acid Industry Outlook in China to 2016 Figure 3: China, Top Acetic Acid Plants Capacity, %, 2011 Table 7: China, Top Acetic Acid Plants Capacity, %, 2011 Plant Name Jiangsu SOPO Chemical Co.,Ltd Zhenjiang Acetic Acid Plant Shanghai Wujing Chemical Company Ltd. Shanghai Acetic Acid Plant CELANESE(NANJING) CHEMICAL CO., LTD Nanjing Acetic Acid Plant Yankuang Cathay Coal Chemicals Co., Ltd. Zaozhuang Acetic Acid Plant BP YPC Acetyls Company (Nanjing) Limited Nanjing Acetic Acid Plant Others Percentage GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 14
Acetic Acid Industry Outlook in China to 2016 Table 8: China, Top Acetic Acid Plants Details, 2011 Plant Name State/Province Plant Start Year Operator Annual Capacity, MMTPA GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 15
Acetic Acid Industry Outlook in China to 2016 2.2 China Acetic Acid Industry, Installed Plant Capacity by Production Process, 2011 Figure 4: China, Acetic Acid Industry, Installed Plant Capacity by Production Process, %, 2011 Table 9: China, Acetic Acid Industry, Installed Plant Capacity by Production Process, %, 2011 Technology Methanol Carbonylation Ethanol-aldehyde process Acetaldehyde Oxidation Others Percentage This analysis is based on GlobalData proprietary petrochemicals plants database, and Others category implies capacity of plants for which process is not known. GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 16
Appendix 11 Appendix 11.1 Definitions 11.1.1 Installed Plant Capacity The maximum rated output of a plant under specific conditions designated by the manufacturer. The installed capacity is usually indicated in units of tonnes on a nameplate physically attached to the plant. 11.1.2 Process A process is a combination of unit operations used in the manufacturing of petrochemicals to change the composition of chemicals. 11.1.3 Technology Technology is referred to as a technical process used in the petrochemical industry, which is developed by a specific business entity. 11.2 Abbreviations MMTPA Million Metric Tonnes per Annum CAGR - Compounded Annual Growth Rate 11.3 GlobalData s Methodology GlobalData s dedicated research and analysis teams consists of experienced professionals with marketing, market research and consulting backgrounds in the petrochemical industry and advanced statistical expertise. GlobalData adheres to the codes of practice of the Market Research Society (www.mrs.org.uk) and the Strategic and Competitive Intelligence Professionals (www.scip.org). All GlobalData databases are continuously updated and revised. 11.3.1 Coverage The objective of updating GlobalData s coverage is to ensure that it represents the most up to date vision of the industry possible. Changes to the industry taxonomy are built on the basis of extensive research of company, association and competitor sources. Company coverage is based on three key factors: market capitalization, revenues and media attention/innovation/market potential. An exhaustive search of 56 member exchanges is conducted and companies are prioritized on the basis of their market capitalization. The estimated revenues of all major companies, including private and governmental, are gathered and used to prioritize coverage. GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 70
Appendix Companies which are making the news, or which are of particular interest due to their innovative approach, are prioritized. GlobalData aims to cover all major news events and deals in the petrochemical industry, updated on a daily basis. The coverage is further streamlined and strengthened with additional inputs from GlobalData s expert panel (see below). 11.3.2 Secondary Research The research process begins with exhaustive secondary research on internal and external sources being carried out to source qualitative and quantitative information relating to each market. The secondary research sources that are typically referred to include, but are not limited to: Company websites, annual reports, financial reports, broker reports, investor presentations and US Securities and Exchanges Commission (SEC) filings. Industry trade journals and other literature. Internal and external proprietary databases. National government documents, statistical databases and market reports. News articles, press releases and web-casts specific to the companies operating in the market. 11.3.3 Primary Research GlobalData conducts hundreds of primary interviews a year with industry participants and commentators in order to validate its data and analysis. A typical research interview fulfills the following functions: It provides first-hand information on market size, market trends, growth trends, competitive landscape, and future outlooks for markets and sectors. It helps in validating and strengthening secondary research findings. It further develops the analysis team s expertise and market understanding. Primary research involves email interactions, telephone interviews and face-to-face interviews for each market, category, segment and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to: Industry participants: CEOs, VPs, business development managers, market intelligence managers and national sales managers, Outside experts: investment bankers, valuation experts, research analysts and key opinion leaders specializing in petrochemicals markets. GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 71
Appendix 11.3.4 Expert Panel Validation GlobalData uses a panel of experts to cross-verify research and forecast methodologies and drive its analytical content. The GlobalData expert panel comprises marketing managers, product specialists, international sales managers from petrochemical companies; academics and geologists from research universities, consultants from venture capital funds and distributors/suppliers of petrochemicals goods and services. 11.4 Disclaimer All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, GlobalData. GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form Page 72