my country’s high-end polyolefin self-sufficiency rate is low, and there is broad room for domestic substitution

High-end polyolefins use crude oil, coal, light hydrocarbons, etc. as raw materials, and obtain ethylene, butene, hexene, octene and other products through steam cracking, MTO/MTP and other processes, and then produce related products through polymerization reactions. High-end polyolefin is an industry encouraged by national policies. It has the characteristics of high technical content, high added value, and excellent performance. In recent years, with the high-quality development of my country’s economy, the market demand for high-end polyolefin has continued to be released.

There are a wide range of high-end polyolefin products, including metallocene polyolefin, ethylene-vinyl acetate copolymer (EVA), ethylene-acrylic acid copolymer (EAA), polyolefin elastomer (POE), ultra-high molecular weight polyethylene (UHMWPE), Polybutylene-1 (PB-1), ethylene-vinyl alcohol copolymer resin (EVOH) and other types. High-end polyolefins are widely used in medical equipment, aerospace, automobile manufacturing, electronics and electrical, new energy, packaging materials and other fields, among which automobiles are the main application scenario of high-end polyolefins.

According to the “2022-2026 China High-end Polyolefin Industry Market Supply and Demand Status and Development Trend Forecast Report released by the Industrial Research Center, Globally, high-end polyolefin production capacity is mainly concentrated in North America, Western Europe, Southeast Asia and the Middle East. Related production companies include Borealis, Total, ExxonMobil, Dow, PTT, LyondellBasell, etc. my country’s high-end polyolefin supply capacity is insufficient, and market demand relies on imports.

In 2021, my country’s high-end polyolefin consumption will be about 14.25 million tons, and the self-sufficiency rate will be about 43.5%. At present, among my country’s high-end polyolefins, only EVA has achieved large-scale production. The remaining products have no industrial production or are small-scale. Products such as EAA, POE, EVOH, etc. are completely dependent on imports. In 2021, my country’s total EVA production capacity is approximately 1.78 million tons, and production companies include Zhejiang Petrochemical, Yangzi Petrochemical, Yanshan Petrochemical, Ningbo Formosa Plastics, Beijing Huamei Polymer, etc.

my country’s high-end polyolefin self-sufficiency rate is low, and the limiting factor is mainly the lack of core key technologies, including polymerization technology, catalyst technology, processing and modification technology, etc. In addition, limited catalyst, raw material supply, and research capabilities also limit high-end polyolefins to a certain extent. Industrial Development. In recent years, national policy support has increased, providing a good external environment for the development of my country’s high-end polyolefin industry. It is expected that during the “14th Five-Year Plan” period, a number of domestic high-end polyolefin projects will be completed and put into production. With policy support, in the future my country’s high-end polyolefin self-sufficiency rate will steadily increase.

Industry analysts said that there are many types of high-end polyolefins, and their downstream applications involve medical, new energy, automobiles, electronics and other fields. In recent years, with the high-quality development of my country’s economy, the market demand for high-end polyolefins has continued to rise. However, due to factors such as technology and catalysts, my country’s self-sufficiency rate for high-end polyolefins is low, and market demand still relies on imports. There is room for domestic substitution of high-end polyolefins. broad.