Press release —
Chinese synthetic rubber market controlled by China Petrochemical, China National Petroleum, Shenhua Chemical and Shandong Yuhuang
In recent years, capacity within the Chinese synthetic rubber market has seen robust growth. As of late 2012, China's capacity and output of synthetic rubber hit approximately 3.904 million tons and 3.85 million tons, with producers numbering 23.
Over the past five years, revenue has been growing strongly at an annualised rate of 27.1%, largely due to the rapid development of the downstream Automobile Manufacturing industry, a key consumer of synthetic rubber tires.
At present, BR and SBR are the synthetic rubber with the highest output in China, accounting for 19.5% and 33% of China's total synthetic rubber output in 2011 respectively. However, NBR, IIR, EPR and other special rubber are heavily reliant on imports due to severe shortage of output as a result of restrictions in technologies and raw materials.
The top four synthetic rubber manufacturers in China - China Petrochemical Corporation, China National Petroleum Corporation - Shenhua Chemical Industrial Group and Shandong Yuhuang Chemical - generated 57.4% of industry revenue in 2012, indicating a medium concentration level within the Chinese synthetic rubber market.
Due to robust domestic demand as well as favourable policies, private, foreign and Taiwanese enterprises are seizing Chinese synthetic rubber market. For example, in January 2012, the 100,000 t/a BR and 100,000 t/a SBR equipment built by Shandong Huamao Flamestop New-Material have both been put into service.
In May 2012, the 30,000 t/a NBR equipment jointly invested by TSRC and Germany-based LANXESS in Chinese mainland was put into production, increasing the total production capability of synthetic rubber (including BR, SBR, NBR and SBS) of TSRC (with joint ventures included) to 302,000 t/a in Chinese mainland.
For more information on the Chinese synthetic rubber market, see the latest research: Chinese Synthetic Rubber Market
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Topics
- Industry, manufacturing
Categories
- chinese synthetic rubber market
- chinese synthetic rubber industry
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