China's PF Output has Increased Substantially, with a CAGR of 4.29% from 2015 to 2017
China's paraformaldehyde (PF) industry has witnessed a fast development in the past few years. China is still a net PF importer, though its PF export volume had increased rapidly since 2009. There are still two main technologies to produce PF, namely rake drying method and spray drying method. PF industry in China is currently at its growing stage. Its capacity has been growing so rapidly that the demand growth could not catch up with it. The problem of overcapacity has become more serious in recent years. As a result, PF producers' bargaining power is becoming weaker and weaker. Meanwhile, the profit rate in PF industry is decreasing.
The domestic PF production is mainly distributed in Hebei, Shandong and Jiangsu provinces, relying on abundant supply of raw materials especially methanol and convenient transportation. As there are more and more producers, China's PF output has increased substantially, with a CAGR of 4.29% from 2015 to 2017. It reached to 262,650 tonnes in 2017, increasing by 4.10% over that of the previous year. But the speed of increase had slowed down as the environmental protection policy. With the rising domestic demand, the demand for PF is expected to keep increasing from 2018 to 2022.
In China, PF is mainly consumed in agrochemical, resin and pharmaceutical industries, etc. The agrochemical industry is the largest consumption field of PF. The PF consumption volume in agrochemicals, mainly including glyphosate, acetochlor and butachlor, was 219,230 tonnes in 2017, up by 3.16% year on year. Meanwhile, the growing resin demand from overseas market, resulting in the consumption of PF in resin industry was up by 5.99%.
This report is based on the former one finished in May 2017, focusing on the situation of China's PF industry in 2017 and Q1 2018, as well as forecasting its future development trend. The report is formulated in April 2018 and aims to disclose the latest production and market information of China's PF industry.
This market research provides detailed analysis on the elements affecting the growth of PF industry in China, as well as current and historic development of the industry. Market drivers, restraints, opportunities and relative policies can be found in this report.
The key market players in PF market are profiled in detail along with their recent developments. There are 38 active producer in 2017, include Zhenjiang LCY, Xinle Yongxing, Hengshui Yinhe, Nantong Jiangtian, etc.
Scope of the report
Region scope: China.
Time scope: 2005 to 2018, primarily 2010 to 2017.
On the basis of industrial segments: paraformaldehyde production, import, exports, and consumption.
Table of Contents
Executive Summary
Methodology
1 Market information of paraformaldehyde
1.1 Global overview
1.2 Development in China
1.3 Product properties
2 Production situation of paraformaldehyde in China
2.1 Producers in China
2.2 Production situation
2.2.1 Capacity and output
2.2.2 Geographical distribution of production
2.2.3 Production characteristics
2.3 Price
2.4 New dynamics of raw material of paraformaldehyde - formaldehyde
2.4.1 Supply of formaldehyde in China
2.4.2 Price of formaldehyde in China
2.5 Industrial affair of paraformaldehyde in China
3 Import and export analysis of paraformaldehyde in China
3.1 Overall situation of import and export
3.2 Import analysis
3.2.1 Import volume
3.2.2 Import origin
3.2.3 Import price
3.3 Export analysis
3.3.1 Export
4 End use segments of paraformaldehyde in China
4.1 Consumption pattern
4.2 Consumption in agrochemical industry
4.2.1 Consumption in glyphosate
4.2.1.1 Dynamic of glyphosate development in China
4.2.1.2 Routes for glyphosate production
4.2.1.3 Anti-dumping issues
4.2.1.4 Technology trend and its influence on paraformaldehyde utilization
4.2.2 Consumption in other pesticides
4.3 Consumption in resin industry
4.4 Consumption in pharmaceutical industry
4.5 Consumption in other industries
5 Forecast on paraformaldehyde industry in China
5.1 Factors influencing future development
5.1.1 Driving forces
5.1.2 Barriers
5.2 Forecast on supply and demand of paraformaldehyde, 2018–2022
5.2.1 Demand forecast to 2022
5.2.2 Supply forecast to 2022
6 Conclusion
7 Paraformaldehyde producers in China, 2017
7.1 Brief introduction to idle and active producers
7.1.1 Zhenjiang LCY General Chemical Co., Ltd.
7.1.2 Xinle Yongxing Chemical Factory (General Partnership)
7.1.3 Hengshui Yinhe Chemical Co., Ltd.
7.1.4 Nantong Jiangtian Chemical Co., Ltd.
7.1.5 Wanhua Chemical (Ningbo) Co., Ltd.
7.1.6 Hebei Yuhang Chemical Co., Ltd.
7.1.7 Zhejiang Ailide Chemical Co., Ltd.
7.1.8 Linyi Taier Chemtech Corp
7.1.9 Chengdu Weite Plastic Co., Ltd.
7.1.10 Jinan Xiangrui Chemical Co., Ltd.
7.1.11 Shouguang Xudong Chemical Co., Ltd.
7.1.12 Anhui Denuo Chemical Co., Ltd.
7.1.13 Jiangsu Sanmu Group Co., Ltd.
7.1.14 Shandong Binzhou Xintianyang Chemical Co., Ltd.
7.1.15 Hebei Hongchen Chemical Co., Ltd.
7.1.16 Linyi Yongda Formaldehyde Factory
7.1.17 Shandong Shuangqi Chemical Co., Ltd.
7.1.18 Zouping Qixing Chemical Co., Ltd.
7.1.19 Zibo Qixing Chemical Technology Co., Ltd.
7.1.20 Linqu Outai Chemical Co., Ltd.
7.1.21 Linyi Lanshan Jinyuan Formaldehyde Factory
7.1.22 Linyi Shengyang Chemical Co., Ltd.
7.1.23 Renshou Chaoguan Chemical Co., Ltd.
7.1.24 Chengdu Wulian Chemical Co., Ltd.
7.1.25 Hebei Xinhua Co., Ltd.
7.1.26 Bazhou Shengfang Jingtian Wood Industry Co., Ltd.
7.1.27 Taizhou Zhongrong Chemical Co., Ltd.
7.1.28 Linyi Jumeng Industry & Trade Co., Ltd.
7.1.29 Leshan Hongya Chemical Co., Ltd.
7.1.30 Nanhe Huayang Silicon Industry Co., Ltd.
7.1.31 Shandong Linsen Industry Co., Ltd.
7.1.32 Inner Mongolia Jiaquan Chemical Technology Co., Ltd.
7.1.33 Linyi Liheng Chemical Co., Ltd.
7.1.34 Linyi Ruiyin Chemical Co., Ltd.
7.1.35 Qingzhou Hengxing Chemical Co., Ltd.
7.1.36 Xinjiang Dearsun Chemical Co., Ltd.
7.1.37 Anhui Hongyuan Chemical Technology Co., Ltd.
7.1.38 Weifang Huifeng Chemical Co., Ltd.
7.2 Brief introduction to potential producers
7.2.1 Guangxi Xintiande Energy Co., Ltd.
7.2.2 Hubei Yihua Chemical Industry Co., Ltd.
7.2.3 Shandong Zhengxin New Energy Co., Ltd.
7.2.4 Ningxia Duoli New Material Technology Co., Ltd.
7.2.5 Xinjiang Wanchang New Energy Co., Ltd.
7.2.6 Dongying Fangzheng Chemical Co., Ltd.
7.2.7 Qinyang Yongrun Technology Development Co., Ltd.
7.2.8 Wensu Xinda Chemical Co., Ltd.
7.2.9 Hebei Donghua Jiheng Chemical Co., Ltd.
LIST OF TABLES
Table 1.1-1 PF producers beyond Mainland China, 2017
Table 1.2-1 Production of PF in China, 1999–2005
Table 1.2-2 Production of PF in China, 2006–2017
Table 1.3-1 Basic information of paraformaldehyde
Table 1.3-2 Unit consumption of PF (per tonne) through the catalytic process of production
Table 2.1-1 Location and technology source of PF producers in China, as of March 2018
Table 2.1-2 Capacity and output of major PF producers in China, 2012–Q1 2018
Table 2.1-3 Operating rate and output share of major PF producers in China, 2012–Q1 2018
Table 2.1-4 List of producers having stopped PF production in China, as of March 2018
Table 2.2.1-1 New projects and expansion of PF production in China, as of March 2018
Table 2.2.3-1 Capacity of unit equipment of major PF producers in China, 2017
Table 2.2.3-2 Unit consumption of raw materials to produce one tonne of PF (rake drying method) in China, as of 2017
Table 2.2.3-3 Unit consumption of raw materials to produce one tonne of PF (spray drying method) in China, as of 2017
Table 2.2.3-4 PF production methods used by producers in China, 2017
Table 2.3-1 Quotation of PF in China by producer, March 2018
Table 2.4-1 Information on formaldehyde by major PF producers in China, as of 2017
Table 2.4.1-1 Production, import, export and apparent consumption of formaldehyde in China, 2010–2017
Table 3.1-1 Export tax rate of PF in China
Table 3.1-2 China's imports and exports of PF, 1992–2017
Table 3.2.2-1 China's imports of PF, 2011–2014
Table 3.2.2-2 China's imports of PF, 2015
Table 3.2.2-3 China's imports of PF, 2016
Table 3.2.2-4 China's imports of PF, 2017
Table 3.3.1-1 China's exports of PF, 2011–2017
Table 4.2-1 Consumption of PF in agrochemical industry by product in China, 2005–Q1 2018
Table 4.2.1.2-1 Comparison of three production routes of glyphosate technical in China, 2017
Table 4.2.1.2-2 Capacity and output of glyphosate technical in China by pathway, 2005–2017
Table 4.2.1.2-3 Glyphosate technical (AEA pathway) producers in China, 2017
Table 4.2.2-1 Capacity and output of acetochlor technical and consumption of PF in China, 2005–2017
Table 4.2.2-2 Capacity and output of butachlor technical and consumption of PF in China, 2005–2017
Table 4.2.2-3 Capacity and output of tricyclazole technical and consumption of PF in China, 2008–2017
Table 4.3-1 List of key PF end users in resin industry in China, 2017
Table 4.5-1 List of some PF end users in other industries in China, 2017
Table 5.2.2-1 PF projects in China predicted to be launched in 2017–2018, as of March 2018
Table 7.1.1-1 Group members of Taiwan LCY, 2017
Table 7.1.1-2 Capacity and output of PF in Zhenjiang LCY, 2002–Q1 2018
Table 7.1.1-3 Quotation of 92% PF in Zhenjiang LCY, May 2007–March 2018
Table 7.1.2-1 Capacity and output of PF in Xinle Yongxing, 2010–Q1 2018
Table 7.1.2-2 Quotation of 96% PF in Xinle Yongxing, May 2010–March 2018
Table 7.1.3-1 Main products in Hengshui Yinhe, 2017
Table 7.1.3-2 Capacity and output of PF in Hengshui Yinhe, 2010–Q1 2018
Table 7.1.3-3 Quotation of 96% PF in Jizhou Yinhe, May 2010–March 2018
Table 7.1.4-1 Main products in Nantong Jiangtian, 2017
Table 7.1.4-2 Capacity and output of PF in Nantong Jiangtian, 2010–Q1 2018
Table 7.1.4-3 Quotation of 96% PF in Nantong Jiangtian, May 2010–March 2018
Table 7.1.5-1 Main subsidiaries of Wanhua Chemical, 2017
Table 7.1.5-2 Main products in Ningbo Wanhua, 2017
Table 7.1.5-3 Capacity and output of PF in Ningbo Wanhua, 2007–Q1 2018
Table 7.1.5-4 Quotation of 96% PF in Ningbo Wanhua, May 2008–March 2018
Table 7.1.6-1 Capacity and output of PF in Hebei Yuhang, 2010–Q1 2018
Table 7.1.6-2 Quotation of 96% PF in Hebei Yuhang, May 2010–March 2018
Table 7.1.7-1 Capacity and output of PF in Zhejiang Ailide, 2012–Q1 2018
Table 7.1.7-2 Quotation of 96% PF in Zhejiang Ailide, April 2012–March 2018
Table 7.1.8-1 Main products in Linyi Taier, 2017
Table 7.1.8-2 Capacity and output of PF in Linyi Taier, 2012–Q1 2018
Table 7.1.8-3 Quotation of 96% PF in Linyi Taier, April 2012–March 2018
Table 7.1.9-1 Capacity and output of PF in Chengdu Weite, 2012–Q1 2018
Table 7.1.9-2 Quotation of 96% PF in Chengdu Weite, May 2013–March 2018
Table 7.1.10-1 Capacity and output of PF in Jinan Xiangrui, 2012–Q1 2018
Table 7.1.10-2 Quotation of 96% PF in Jinan Xiangrui, April 2012–March 2018
Table 7.1.11-1 Capacity and output of PF in Shouguang Xudong, 2012–Q1 2018
Table 7.1.11-2 Quotation of 96% PF in Shouguang Xudong, April 2012–March 2018
Table 7.1.12-1 Capacity and output of PF in Anhui Denuo, 2012–Q1 2018
Table 7.1.12-2 Quotation of 96% PF in Anhui Denuo, April 2012–March 2018
Table 7.1.13-1 Capacity and output of PF in Jiangsu Sanmu, 2014–Q1 2018
Table 7.1.13-2 Quotation of 92% PF in Jiangsu Sanmu, April 2014–March 2018
Table 7.1.14-1 Capacity and output of PF in Binzhou Xintianyang, 2013–Q1 2018
Table 7.1.14-2 Quotation of 96% PF in Binzhou Xintianyang, Feb. 2016–March 2018
Table 7.1.15-1 Capacity and output of PF in Hebei Hongchen, 2012–Q1 2018
Table 7.1.15-2 Quotation of 96% PF in Hebei Hongchen, April 2012–March 2018
Table 7.1.16-1 Capacity and output of PF in Linyi Yongda, 2012–Q1 2018
Table 7.1.16-2 Quotation of 96% PF in Linyi Yongda, April 2012–March 2018
Table 7.1.17-1 Capacity and output of PF in Shandong Shuangqi, 2012–Q1 2018
Table 7.1.17-2 Quotation of 96% PF in Shandong Shuangqi, May 2010–March 2018
Table 7.1.18-1 Capacity and output of PF in Zouping Qixing, 2012–Q1 2018
Table 7.1.18-2 Quotation of 96% PF in Zouping Qixing, April 2012–March 2018
Table 7.1.19-1 Capacity and output of PF in Zibo Qixing, 2015–Q1 2018
Table 7.1.19-2 Quotation of 96% PF in Zibo Qixing, Feb. 2016–March 2018
Table 7.1.20-1 Capacity and output of PF in Linqu Outai, 2012–Q1 2018
Table 7.1.20-2 Quotation of 96% PF in Linqu Outai, April 2012–March 2018
Table 7.1.21-1 Capacity and output of PF in Lanshan Jinyuan, 2012–Q1 2018
Table 7.1.21-2 Quotation of 96% PF in Lanshan Jinyuan, April 2012–March 2018
Table 7.1.22-1 Capacity and output of PF in Linyi Shengyang, 2012–Q1 2018
Table 7.1.22-2 Quotation of 96% PF in Linyi Shengyang, April 2012–March 2018
Table 7.1.23-1 Capacity and output of PF in Renshou Chaoguan, 2012–Q1 2018
Table 7.1.23-2 Quotation of 96% PF in Renshou Chaoguan, May 2013–March 2018
Table 7.1.24-1 Capacity and output of PF in Chengdu Wulian, 2012–Q1 2018
Table 7.1.24-2 Quotation of 96% PF in Chengdu Wulian, May 2013–March 2018
Table 7.1.25-1 Capacity and output of PF in Hebei Xinhua, 2002–Q1 2018
Table 7.1.25-2 Quotation of 96% PF in Hebei Xinhua, May 2013–March 2018
Table 7.1.26-1 Capacity and output of PF in Shengfang Jingtian, 2012–Q1 2018
Table 7.1.26-2 Quotation of 96% PF in Shengfang Jingtian, April 2012–March 2018
Table 7.1.27-1 Capacity and output of PF in Taizhou Zhongrong, 2012–Q1 2018
Table 7.1.27-2 Quotation of 96% PF in Taizhou Zhongrong, April 2012–March 2018
Table 7.1.28-1 Capacity and output of PF in Linyi Jumeng, 2012–Q1 2018
Table 7.1.28-2 Quotation of 96% PF in Linyi Jumeng, April 2012–March 2018
Table 7.1.29-1 Capacity and output of PF in Leshan Hongya, 2015–Q1 2018
Table 7.1.29-2 Quotation of 96% PF in Leshan Hongya, Feb. 2016–March 2018
Table 7.1.30-1 Capacity and output of PF in Nanhe Huayang, 2015–Q1 2018
Table 7.1.30-2 Quotation of 96% PF in Nanhe Huayang, Feb. 2016–March 2018
Table 7.1.31-1 Capacity and output of PF in Shandong Linsen, 2015–Q1 2018
Table 7.1.31-2 Quotation of 96% PF in Shandong Linsen, Feb. 2016–March 2018
Table 7.1.32-1 Capacity and output of PF in Inner Mongolia Jiaquan, 2015–Q1 2018
Table 7.1.32-2 Quotation of 96% PF in Inner Mongolia Jiaquan, Feb. 2016–March 2018
Table 7.1.33-1 Capacity and output of PF in Linyi Liheng, 2016–Q1 2018
Table 7.1.33-2 Quotation of 96% PF in Linyi Liheng, March 2017–March 2018
Table 7.1.34-1 Capacity and output of PF in Linyi Ruiyin, 2015–Q1 2018
Table 7.1.34-2 Quotation of 96% PF in Linyi Ruiyin, March 2017–March 2018
Table 7.1.35-1 Capacity and output of PF in Qingzhou Hengxing, 2015–Q1 2018
Table 7.1.35-2 Quotation of 96% PF in Qingzhou Hengxing, March 2017–March 2018
Table 7.1.36-1 Capacity and output of PF in Xinjiang Dearsun, 2016–Q1 2018
Table 7.1.36-2 Quotation of PF in Xinjiang Dearsun, March 2017–March 2018
LIST OF FIGURES
Figure 2.2.1-1 Capacity and output of PF in China, 2006–2018E
Figure 2.2.1-2 Operating rate of PF in China, 2005–2017
Figure 2.2.2-1 Geographical distribution of PF production in China by capacity, 2017
Figure 2.2.2-2 Geographical distribution of PF production in China by share, 2017
Figure 2.2.2-3 Geographical distribution of PF production in China by capacity, 2011–Q1 2018
Figure 2.2.3-1 Change of PF production methods in China by capacity, 2010–Q1 2018, tonne
Figure 2.3-1 Monthly ex-works price of 96% PF and methanol in China, 2010–Q1 2018
Figure 2.3-2 Average annual import price of PF in China, 2000–2017
Figure 2.3-3 Forecast on ex-works price of PF in China, 2018–2022
Figure 2.4.2-1 Monthly ex-works prices of 37% formaldehyde and 99.9% purified methanol in China, Jan. 2010–March 2018
Figure 3.1-1 Net import volume of PF in China, 1992–2017
Figure 3.2.1-1 Import volume of PF and its share in PF apparent consumption in China, 2000–2017
Figure 3.2.2-1 Share of imported PF volume in China by origin, 2005–2017
Figure 3.2.3-1 China's import price of PF by month, 2005–2017
Figure 3.2.3-2 China's imports of PF by month, 2017
Figure 3.3.1-1 China's export volume of PF, 2000–2017
Figure 3.3.1-2 China's exports of PF by month, 2017
Figure 4.1-1 Apparent consumption of PF and its growth rate in China, 2005–2017
Figure 4.1-2 Consumption pattern of PF in China by downstream industry, 2005–2017
Figure 4.1-3 Consumption pattern of PF in China by downstream industry, 2017
Figure 4.1-4 Consumption of PF in agrochemical industry in China by product, 2017
Figure 4.2.1-1 Consumption of PF in glyphosate production (AEA pathway) in China, 2005–Q1 2018
Figure 4.2.1.1-1 Capacity and output of glyphosate technical in China, 2000–2017
Figure 4.2.1.2-1 Production pathways of glyphosate technical in China
Figure 4.2.1.2-2 Output share of glyphosate technical in China by pathway, 2005–2017
Figure 4.3-1 Consumption of PF in resin industry in China, 2006–2017
Figure 4.4-1 Consumption of PF in pharmaceutical industry in China, 2006–2017
Figure 5.1.1-1 Export volume of PF in China, 2008–2017
Figure 5.1.1-2 China's GDP and its growth rate, 2005–2017
Figure 5.2.1-1 Forecast on demand for PF and its growth rate in China, 2018–2022
Figure 5.2.1-2 Forecast on PF consumption in China by product, 2018–2022
Figure 5.2.2-1 Forecast on PF output and its growth rate in China, 2018–2022
Figure 7.1.4-1 Ownership structure of Nantong Jiangtian, 2017
Companies Mentioned
- Anhui Denuo Chemical Co., Ltd.
- Chengdu Weite Plastic Co., Ltd.
- Hebei Hongchen Chemical Co., Ltd.
- Hebei Yuhang Chemcial Co., Ltd.
- Hengshui Yinhe Chemical Co., Ltd.
- Jiangsu Sanmu Group Co., Ltd.
- Jinan Xiangrui Chemical Co., Ltd.
- Linqu Outai Chemical Co., Ltd.
- Linyi Taier Chemtech Corp
- Linyi Yongda Formaldehyde Factory
- Nantong Jiangtian Chemical Co., Ltd.
- Shandong Binzhou Xintianyang Chemical Co., Ltd.
- Shandong Shuangqi Chemical Co., Ltd.
- Shouguang Xudong Chemical Co., Ltd.
- Wanhua Chemical (Ningbo) Co., Ltd.
- Xinle Yongxing Chemical Factory (General Partnership)
- Zhejiang Ailide Chemical Co., Ltd.
- Zhenjiang LCY General Chemical Co., Ltd.
- Zibo Qixing Chemical Technology Co., Ltd.
- Zouping Qixing Chemical Co., Ltd.
