アジア太平洋のプロピレンオキシド市場：2023年

世界経済は2022年には、新型コロナウイルス感染症 (COVID-19) の感染拡大を始め、ウクライナ戦争とそれに伴う食糧危機、エネルギー危機、インフレの高騰、債務状況の逼迫、気候変動の緊急事態など、相互に関連し合う一連の大きな出来事が世界経済に深刻な打撃を与えました。そして、2023年には再び減速傾向が見られます。アジア太平洋地域は概して感染拡大後の回復段階にありますが、その回復は緩慢です。また、ポリエーテルポリオールとプロピレングリコールの需要は期待に届かず、需給の不均衡が拡大し、川下の優位性がさらに強まりました。PO (塩化プロピレン) の価格は1万人民元/トンの水準まで下落し、変動幅は縮小しましたが、収益性は大幅に低下しました。「産業構造調整指導目録」の実施に伴い、中国では2025年末までにクロロヒドリン法の使用が段階的に廃止される見込みです。

当レポートでは、アジア太平洋のPO (プロピレンオキシド) 市場について分析し、全世界・地域全体および各国の需給パターンや価格動向、コスト・利益構造、成長可能性、投資環境などを調査しております。

目次

第1章 PO (プロピレンオキシド) の概要

• POの産業チェーン
• POの製造プロセスと技術開発
  • クロルヒドリン・プロセス
  • 共酸化プロセス
  • HPPOプロセス
  • 各々のプロセスの長所と短所

第2章 世界のPO市場の概要

• 世界の主要POサプライヤー
  • DOW
  • Sadara
  • LyondellBasell
  • Petro Rabigh
• 世界のPOの生産能力と需要のレビュー (2019～2023年)
• 世界のPOの生産能力と需要の展望 (2024～2028年)

第3章 アジア太平洋のPO市場の分析

• アジア太平洋のPO生産能力のレビューと展望
• アジア太平洋のPO需要のレビューと展望

第4章 中国のPO市場の分析

• 中国のPOとその主要原材料の価格動向 (2023年)
  • プロピレン
  • 液体塩素
  • PO
• 中国のPOの生産コストと利益 (2019～2023年)
• 中国のPOの供給市場 (2019～2023年)
  • 中国のPOサプライヤー
  • 中国のPOの生産能力・生産量の分析
  • 中国の主要POサプライヤーの市場シェアと業界の集中度
• 中国のPO輸出入 (2019～2023年)
  • 中国のPO輸出入政策と貿易環境
  • 中国のPO輸出入 (2019～2023年)
• 中国のPOの消費市場 (2023年)
  • 中国のPO消費量：地域別
  • 中国のPO消費量：業種別
• 中国PO市場の予測 (2024～2028年)
  • 中国のPOプロセスの開発動向 (2024～2028年)
  • 中国のPOの供給予測 (2024～2028年)：建設中・計画中のプロジェクト一覧
  • 中国のPOの需要予測 (2024～2028年)
  • 中国のPOの輸出入予測 (2024～2028年)
  • 中国のPOの価格予測 (2024～2026年)

第5章 東南アジア・インドのPO市場の分析

• 東南アジア・インドの主要POサプライヤー
  • PTTGC
  • Shell
• 東南アジア・インドのPOの生産能力・需要のレビュー (2019～2023年)
• 東南アジア・インドのPOの生産能力・需要の展望 (2024年)

第6章 日本・韓国のPO市場の分析

• 日本と韓国の主要POサプライヤー
  • S-Oil
  • SKC
  • Sumitomo
• 日本・韓国のPOの生産能力・需要のレビュー (2019～2023年)
• 日本・韓国のPOの生産能力・需要の展望 (2024年)

List of Tables

• Table 1 PO Basic information
• Table 2 Comparison of different PO production processes
• Table 3 Global PO projects under construction and proposed 2024-2028
• Table 4 Breakdown of the costs for PO produced using chlorohydrination process in 2023
• Table 5 Average price, cost and net profit for PO in China 2019-2023 (take PO produced using chlorohydrination process as an example)
• Table 6 Breakdown of the costs for PO produced using HPPO process in 2023 (in CNY/tonne)
• Table 7 Breakdown of the costs for PO produced using PO/SM process in 2023 (in CNY/tonne)
• Table 8 Operation of Wudi Xinyue Chemical's PO plants in 2023 (in 10kt)
• Table 9 Operation of CNOOC and Shell Petrochemicals Company's PO plants in 2023 (in 10kt)
• Table 10 Operation of Jishen Chemical Industry's PO plant in 2023 (in 10kt)
• Table 11 Operation of Ningbo ZRCC Lyondell Chemical's PO plants in 2023 (in 10kt)
• Table 12 Operation of Befar Group's PO plants in 2023 (in 10kt)
• Table 13 Operation of Wanhua Chemical's PO plants in 2023 (in 10kt)
• Table 14 Operation of Shandong Sanyue Chemical's PO plants in 2023 (in 10kt)
• Table 15 Operation of Nanjing Jinling Huntsman New Material's PO facility in 2023 (in 10kt)
• Table 16 Operation of Shandong Jinling Chemical's PO facility in 2023 (in 10kt)
• Table 17 Operation of Jiangsu Jiahong New Material's PO facility in 2023 (in 10kt)
• Table 18 Operation of Tianjin Bohai Chemical Development's PO facility in 2023 (in 10kt)
• Table 19 Operation of Hongbaoli's PO plants in 2023 (in 10kt)
• Table 20 Operation of Hangjin Technology's PO plants in 2023 (in 10kt)
• Table 21 Operation of Sinochem Quanzhou Petrochemical's PO plant in 2023 (in 10kt)
• Table 22 Operation of Shandong Daze Chemical's PO plants in 2023 (in 10kt)
• Table 23 Operation of Sinopec Changling Refining and Chemical's PO facility in 2023 (in 10kt)
• Table 24 Operation of Dongying Huatai Chemical's PO plant in 2023 (in 10kt)
• Table 25 Operation of Shandong Shida Shenghua Chemical's PO plant in 2023 (in 10kt)
• Table 26 peration of Zhonghai Fine Chemical's PO plants in 2023 (in 10kt)
• Table 27 China's PO capacity and output in 2023
• Table 28 Basic information on PO imports and exports
• Table 29 PO-related contents in the Announcement
• Table 30 China's apparent consumption of PO 2019-2023 (in 10kt)
• Table 31 Polyether polyols prices, supply and demand in China 2019-2023 (in CNY/tonne; 10kt)
• Table 32 Different manufacturers' polyether polyols capacities and output in 2023 (in 10kt/a)
• Table 33 Propylene glycol prices, supply and demand in China 2019-2023 (in CNY/tonne; 10kt)
• Table 34 PG manufacturers' capacities and output in China in 2023
• Table 35 PGME prices, supply and demand in China 2019-2023 (in CNY/tonne; 10kt)
• Table 36 Different PGME manufacturers' capacities and output in China in 2023 (in 10kt)

List of Figures

Fig. 1 PO value chain

Fig. 2 Different processes shares of the total PO production in 2023

Fig. 3 Process of producing PO using chlorohydrination

Fig. 4 Process of producing PO using cooxidation

Fig. 5 Process of producing PO using PO/MTBE

Fig. 6 Process of producing PO using CHP

Fig. 7 Process of producing PO using HPPO process (the refining of methanol is omitted)

Fig. 8 Distribution of Dow's global PO capacities

Fig. 9 Distribution of LyondellBasell's global PO capacities

Fig. 10 Global PO capacity and consumption 2019-2023 (in 10kt, %)

Fig. 11 PO capacity and consumption in Asia-Pacific for 2019-2023 (in 10kt, %)

Fig. 12 Forecast of PO capacity and consumption in Asia-Pacific for 2024-2028 (in 10kt, %)

Fig. 13 Movement of propylene prices in 2023 (in CNY/tonne)

Fig. 14 Movement of liquid chlorine prices in 2023 (in CNY/tonne)

Fig. 15 Movement of PO prices in 2023 (in CNY/tonne)

Fig. 16 China's annual PO capacities and output 2019-2023 (in 10kt)

Fig. 17 Volumes of China's PO imports and exports 2019-2023 (in 10kt)

Fig. 18 Different downstream sectors' shares of PO consumption in 2023 (%)

Fig. 19 Different downstream sectors' shares of the total polyether polyols consumption

Fig. 20 Different downstream industries' shares of the total PG consumption in China in 2023

Fig. 21 Different downstream industries' shares of the total PGME consumption in China in 2023

Fig. 22 Types of flame retardant

Fig. 23 Estimated PO capacities and consumption in China 2024-2028

Fig. 24 Annual PO capacities and consumption in Southeast Asia and India 2019-2023 (in 10kt)

Fig. 25 Annual PO capacities and consumption in Japan and South Korea 2019-2023 (in 10kt)

In 2022, a series of interrelated major events, including the COVID-19 pandemic, the war in Ukraine and the resulting food and energy crisis, soaring inflation, tightening debt conditions, and climate emergencies, resulted in a severe blow to the global economy. The global economy has been seeing a slowdown in 2023 since the last year. The Asia-Pacific region is generally in a post-pandemic recovery phase, but the recovery is slow. Dow Chemical and Shell declared force majeure on the supply of propylene oxide. Zhejiang Petroleum & Chemical, Satellite Chemical, and Jincheng Petrochemical successfully started their new production facilities. However, the demand from polyether polyols and propylene glycol has not met expectations,amplifying the supply-demand imbalance and further tilting the dominance downstream. The price of propylene oxide has fallen to the level of CNY 10,000/tonne, with narrower fluctuations, while profitability has significantly declined. With the implementation of "Industrial Structure Adjustment Guidance Catalogue", the use of chlorohydrin process is expected to be phased out in China by the end of 2025. Asia Pacific PO Market Report 2023, prepared by PUdaily, focuses on the Asia-Pacific market, providing in-depth analysis of the supply-demand pattern, price trends, costs and profits, potential growth, industry opportunities and potential threats, investment environment, and more. This report will assist users in targeting the ever-changing submarkets in the coming years, helping stakeholders make informed decisions and promote their development.

Table of Content

Chapter I Introduction to PO

• 1.1 PO Industry Chain
• 1.2 PO Production Process and Technology Development
  • 1.2.1 Chlorohydrin Process
  • 1.2.2 Cooxidation Process
  • 1.2.3 HPPO Process
  • 1.2.4 Advantages and Disadvantages of Different Processe

Chapter II An Overview of Global PO Market

• 2.1 Global Major PO Suppliers
  • 2.1.1 DOW
  • 2.1.2 Sadara
  • 2.1.3 LyondellBasell
  • 2.1.4 Petro Rabigh
• 2.2 Global PO Capacity and Demand Review 2019-2023
• 2.3 Global PO Capacity and Demand Outlook 2024-2028

Chapter III Asia Pacific PO Market Analysis

• 3.1 Asia Pacific PO Capacity Review and Outlook
• 3.2 Asia Pacific PO Demand Review and Outlook

Chapter IV China PO Market Analysis

• 4.1 China PO and Its Main Feedstocks Price Trends in 2023
  • 4.1.1 Propylene
  • 4.1.2 Liquid Chlorine
  • 4.1.3 PO
• 4.2 China PO Production Cost and Profit 2019-2023
• 4.3 China PO Supply Market 2019-2023
  • 4.3.1 China PO Suppliers
  • 4.3.2 China PO Capacity and Output Analysis
  • 4.3.3 China Major PO Suppliers' Market Share and Industry Concentration
• 4.4 China PO Imports and Exports 2019-2023
  • 4.4.1 China PO Import/Export Policy and Trade Environment
  • 4.4.3 China PO Imports and Exports 2019-2023
• 4.5 China PO Consumption Market 2023
  • 4.5.1 China PO Consumption by Region
  • 4.5.2 China PO Consumption by Industry
    • 4.5.2.1 Polyether Polyol
    • 4.5.2.2 Propylene Glycol
    • 4.5.2.3 Propanediol Ethers
    • 4.5.2.4 Others
• 4.6 China PO Market Forecast 2024-2028
  • 4.6.1 China PO Process Development Trend 2024-2028
  • 4.6.2 China PO Supply Forecast 2024-2028 (List of Projects under Construction and Proposed)
  • 4.6.3 China PO Demand Forecast 2024-2028
  • 4.6.4 China PO Import&Export Forecast 2024-2028
  • 4.6.5 China PO Price Forecast 2024-2026

Chapter V Southeast Asia and India PO Market Analysis

• 5.1 Major PO Suppliers in Southeast Asia and India
  • 5.1.1 PTTGC
  • 5.1.2 Shell
• 5.2 Southeast Asia and India PO Capacity and Demand Review 2019-2023
• 5.3 Southeast Asia and India PO Capacity and Demand Outlook 2024

Chapter VI Japan and South Korea PO Market Analysis

• 6.1 Major PO Suppliers in Japan and South Korea
  • 6.1.1 S-Oil
  • 6.1.2 SKC
  • 6.1.3 Sumitomo
• 6.2 Japan and South Korea PO Capacity and Demand Review 2019-2023
• 6.3 Japan and South Korea PO Capacity and Demand Outlook 2024