2021 Cracking C5 Supply-Demand Pattern Analysis and Forecast
In 2021, cracking C5 supply and demand continued to increase, and the market was still in short supply. With China’s domestic newly added capacity gradually released, the output of cracking C5 showed a Y-O-Y increased. At the same time, there were also a large number of downstream new capacity coming online this year, driving up downstream consumption of cracking C5 in tandem.
The capacity and output of cracking C5 kept rising.
2017-2021 China Cracking C5 Capacity
During 2017-2021, China’s cracking C5 production capacity showed a rising trend, with a CAGR of 8.19%. By November 2021, China’s cracking C5 capacity totaled 3,343.2kt/a, up 12.6% from 2020. In terms of growth rate, the capacity grew slowly in 2019 owing to limited newly added and expanded capacity. While in 2020, the production capacity of cracking C5 expanded sharply in the wave of refining and chemical integration, and the growth rate of cracking C5 production capacity rose significantly. In 2021, the growth rate slowed down compared with that in 2020, with the net capacity increase of 374kt.The increment in the capacity mainly came from the capacity expansion of Sino-SK (Wuhan) Petrochemical and SABIC Tianjin Petrochemical, as well as the newly added capacity of Zhejiang Petroleum & Chemical and Fujian Gulei Petrochemical.
Cracking C5 downstream demand also grew steadily
2017-2021 China Cracking C5 Demand Volume
From 2017 to 2021, downstream demand for cracking C5 continued to increase, with a CAGR of 10.25%. It is expected that the total demand for cracking C5 will be 2,950kt or so in 2021, a Y-O-Y increase of 22.58%. In recent years, the capacity of cracking C5 downstream products was expanding continuously. New capacity was seen in isoprene, piperylene, DCPD and petroleum resin industries, and the operating load of existing units picked up. Therefore, the demand for cracking C5 was in an uptrend.
.....
Please click "Read more" for the full article.
