Toluene diisocyanate manufacturer News my country’s butanone production is growing steadily and market concentration is high

my country’s butanone production is growing steadily and market concentration is high

my country's butanone production is growing steadily and the market concentration is high

Methyl ketone, also known as methyl ethyl ketone, methyl ethyl ketone, etc., is a colorless, transparent, flammable, low-toxic, and volatile organic compound. It has excellent drying and solubility, and can be combined with benzene, chloroform, and ether. Miscible with various solvents such as ethanol and oil. With the continuous advancement of production technology, the types of METH are gradually enriched. According to different industrial uses, METH is divided into two categories: general-grade METH and urethane-grade METH.

At present, my country has formed a complete butanone industry chain. The upstream of the industrial chain is mainly raw material suppliers, providing sec-butanol, butane, butene and other raw materials; the midstream is mainly MEK manufacturers, responsible for the production and manufacturing of different types of MEK; the downstream is oriented to application fields, mostly used to make lubrication Products such as oil, PU slurry, dewaxing agents, adhesives, plant protection, coatings, food additives, antibiotics, etc. ultimately flow to consumers.

Judging from the market structure of METH, adhesives have become the largest application field, accounting for 32.7% of the overall application market; followed by PU slurry, accounting for 24.5%, and ink ranking third, accounting for 17.2% %.

With the continuous improvement of my country’s economic level and the rapid development of chemical industry, building materials, automobiles, aerospace and other industries, the market demand for adhesives is gradually increasing. In addition, my country’s industrial manufacturing level continues to improve, the industrial structure is gradually adjusted, the adhesive replacement speed is gradually accelerated, product types are gradually enriched, and market demand is further increased. Against this background, sales of adhesives in my country have gradually increased. In 2022, my country’s adhesive sales will be 107.975 billion yuan. As one of the basic raw materials of adhesives, the market of MEK is also developing rapidly.

According to the “2023-2027 Methyl Ketone Industry Venture Investment Situation and Investment and Financing Strategy Guidelines Report” released by the Industrial Research Center, recently In the past few years, my country’s MEK production technology has gradually matured, and its cost has gradually declined. In addition to the adhesive field, MEK has been widely used in many fields such as PU slurry, ink, food additives, plant protection, and antibiotics, and MEK consumption continues to increase. . Driven by downstream market demand, my country’s butanone production has shown a steady growth trend. From 2018 to 2022, my country’s butanone production increased from 392,400 tons to 528,700 tons.

Industry analysts said that at present, my country’s butanone market is highly concentrated, and leading companies are gradually emerging. The major butanone companies in my country include Qixiang Tengda, Beitian Chemical, PetroChina, Dushanzi Tianli, Fushun Petrochemical, Lanzhou Petrochemical, Zhongchuang Chemical, CNOOC, Zhongjie, etc. Among them, Qixiang Tengda has the largest market share, accounting for 30.42%; followed by CNOOC, with a market share of 22.17%; and thirdly ranked Zhongchuang Chemical, with a market share of 19.76%. In order to further seize market share, my country’s MEK companies continue to increase investment in research and development, production technology continues to improve, and market competition becomes increasingly fierce.

This article is from the Internet, does not represent the position of Toluene diisocyanate reproduced please specify the source.https://www.allhdi.com/archives/27157

author:

Previous article
Next article
Contact Us

Contact us

+86 - 152 2121 6908

Online consultation: QQ交谈

E-mail: sales@newtopchem.com

Working hours: Monday to Friday, 9:00-17:30, closed on holidays
Follow wechat
Scan wechat and follow us

Scan wechat and follow us

Back to top
Home
E-mail
Products
Search