my country’s butadiene production capacity continues to expand, and the supply of imported goods will decrease in the future

Butadiene is an important organic chemical raw material. It appears as a colorless gas with a special smell and is easily soluble in acetone, ether, chloroform, etc. Butadiene molecules contain conjugated double bonds, which can undergo substitution, cyclization, addition, polymerization and other reactions. Due to its molecular characteristics, butadiene is widely used in synthetic rubber, organic synthesis and other fields. In recent years, with the release of my country’s market demand, butadiene production capacity has expanded rapidly.

As an important raw material for synthetic rubber, butadiene can be used to produce butadiene rubber, ABS, butadiene rubber, styrene-butadiene rubber, styrene-butadiene latex, nitrile latex, SEBS and other products. In the global market, butadiene rubber is the Butadiene is the main consumption scenario, followed by styrene-butadiene rubber, and ABS in third place. The consumption of the top three products accounts for about 75.0%. In terms of production technology, butadiene production technology mainly includes butene oxidative dehydrogenation method and ethylene cracking and extraction method. Among them, ethylene cracking and extraction method is the mainstream domestic butadiene production technology.

According to the “Butadiene Industry Market Status and Investment Prospects Forecast Report 2022-2026” released by the Industrial Research Center, in 2020 , the global butadiene market size reached 105 billion yuan. Globally, butadiene production capacity is mainly concentrated in Northeast Asia, Western Europe, North America and other regions. In recent years, as global production capacity has shifted eastward, the proportion of butadiene production capacity in Northeast Asia has increased year by year, growing to more than 45.6% in 2020. The major butadiene producers in the world include Sinopec, PetroChina, BASF of Germany, Formosa Plastics Group, Exxon Mobil, Talil Petrochemical and other companies.

my country is a major producer of butadiene in the world, with a large number of domestic related production companies, mainly distributed in Jiangsu, Shandong, Liaoning, Guangdong and other regions. In recent years, many domestic companies have new butadiene devices. As related devices are put into operation, my country’s butadiene production capacity has continued to increase. In 2021, my country’s new butadiene production capacity will be about 650,000 tons. It is expected that my country’s butadiene production capacity will continue to expand in the next five years, but the expansion growth rate will slow down.

At the same time, my country is also the world’s largest butadiene consumer, and part of its consumer demand still relies on imports. In 2020, my country’s butadiene imports will be about 450,000 tons, mainly from South Korea, Europe, Southeast Asia and other countries and regions. With the release of domestic production capacity, butadiene imports have declined in recent years and exports have gradually increased. In the long run, my country is expected to become a net exporter of butadiene in the next ten years.

Industry analysts said that butadiene is an important organic chemical raw material and is widely used in the field of synthetic rubber. my country is a major producer of butadiene in the world. The butadiene production capacity of Sinopec and PetroChina ranks among the top in the world. In recent years, with the commissioning of relevant equipment, my country’s butadiene production capacity has been continuously improved. Against this background, domestic butadiene supply With gradual relaxation, the supply of imported goods is expected to continue to decline.