Polycarbonate supply and demand contradictions highlight the development pattern may be reshaped
2023/6/27
According to China Synthetic Resin Association Polycarbonate Branch statistics, from 2019 onwards, domestic polycarbonate production capacity surged, with an average annual growth rate of 24.7%. Up to now, China's polycarbonate production capacity has reached 3.43 million tons/year, the world's largest polycarbonate production area. However, from 2019 to date, extra-territorial new polycarbonate capacity is rarely heard of. It is expected that in 2023, the excess domestic polycarbonate capacity will be 630,000 tons, plus net imports of polycarbonate are estimated at about 750,000 tons, so the actual excess domestic polycarbonate capacity may reach 1.38 million tons this year, accounting for 81% of the global excess capacity.
"In recent years, with the surge in production capacity, polycarbonate companies have experienced a change in focus from new capacity, to integration, to how to digest the stock." Rongsheng Petrochemical Sales Division Manager Zhu Qunwei said that the homogenization of domestic products is one of the reasons for overcapacity. Therefore, polycarbonate companies should orderly allocate product grades to achieve staggered competition, so that the industry is balanced pressure in various application areas. For the existing stock of polycarbonate, enterprises can increase export efforts and other measures to alleviate. Zhu Qunwei also mentioned that enterprises should strive to improve product quality and find new hot spots for industrial development.
For polycarbonate enterprises how to find new development opportunities in the situation of mismatch between supply and demand, the participants all said that they should actively explore the downstream application scenarios of the industry chain to achieve differentiated development. Including but not limited to medical health, new energy vehicles, green power storage, mobile energy storage and other fields. Wang Guojun, technical service manager of Wanhua Chemical, mentioned that optical application will be one of the important high-end application areas of polycarbonate, with high cleanliness, high light transmission and other special features of optical-grade polycarbonate, can be widely used in the field of headlight mask, headlight light guide, optical lens, optical lens and so on.
At the same time, many industry chain downstream enterprises expressed the demand for polycarbonate.
Duan Qingsheng, general manager of Xiamen Shidi Medical Technology Co., Ltd. mentioned that medical plastic is a material subject to a smaller market boom, and polycarbonate has the advantages of high transparency and high impact resistance, which can precisely meet the requirements of medical plastic products such as high-pressure syringes and surgical masks. In the future, the demand for polycarbonate in the medical health industry will further increase.
Zhu Yi, director of the Materials and Lightweight Research Institute of FAW R&D General Institute, and Meng Tao, solution manager of Kumho Nikkei Automotive Industry, both mentioned that polycarbonate will be more and more widely used in the automotive industry; Zhu Yun, R&D project director of Lenovo Group, talked about that the demand for polycarbonate materials in the notebook industry will be higher and higher.
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