IHS experts to address key trends, opportunities and challenges for Chinese chemical, automotive and other industries
Monday, April 21, 2014 10:50 am EDT
"In just the next five years, from 2013 to 2018, China is going to add 9 million metric tons (MMT) of domestic polyethylene capacity alone, which is significant"
A robust demand for consumer products, housing and durable goods in China, which includes electronics, appliances, construction materials and autos, combined with an improving economy there, is driving increased domestic demand for plastics and synthetic rubbers to produce these goods, says IHS (NYSE: IHS), the leading global source of critical information and insight.
This issue of consumer goods demand, coupled with China’s desire to achieve greater self-sufficiency in chemical production, including polyolefins such as polypropylene and polyethylene -- the single largest volume polymer produced by the plastics industry -- will be key points of discussion at an 24 April IHS Executive Briefing at CHINAPLAS, the 28th Annual International Exhibition on Plastics and Rubber, at the Shanghai New International Expo Centre, Shanghai, PR China.
“In just the next five years, from 2013 to 2018, China is going to add 9 million metric tons (MMT) of domestic polyethylene capacity alone, which is significant,” said Nick Vafiadis, senior director, global olefins and plastics at IHS Chemical. "Equally significant is the fact that much of this new production capacity will be quite competitive on a cash-cost basis due to advances in coal-to-olefins technologies. During our IHS Executive Briefing at CHINAPLAS, we will address the Chinese chemical market, the industry and the opportunities and challenges facing producers of key chemical products, primarily related to plastics and synthetic rubbers, which are essential components to automotive production and for many of the companies involved in Chinese manufacturing.”
IHS Chemical estimates that during the period 2000 to 2020, China will grow its basic chemicals capacity production (which includes benzene, chlorine, methanol, propylene and ethanol), by nearly 170 MMT. In other words, China will add 47 percent of the estimated global total additions expected for basic chemical production during the period. The two next largest producing countries for expected capacity additions in basic chemicals during the same period are Saudi Arabia, at 7 percent capacity additions, followed by the U.S. at 6 percent.
The IHS Chemical CHINAPLAS Executive Briefing will be held from 9 a.m. until Noon, in M50, Hall N5-2/F at the Shanghai New International Expo Centre, Shanghai, PR China.
In addition to the issue of global production of polyethylene and ethylene production, which Vafiadis will cover, attendees at the IHS briefing will hear briefingson the impact of shale gas and coal chemicals on energy; the impact of the expanding Chinese propylene market on the global market; and new growth avenues for the global PVC (polyvinyl chloride) industry. Expert speakers will also discuss engineering plastics, as well as the synthetic rubbers markets and the end-user markets for automotive and electronics.
IHS (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape today’s business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs more than 8,000 people in 31 countries around the world.