2018-2020 Year Chemical Fiber Industry Chain PTA, Polyester Filament Production Capacity Analysis And Forecast

Data statistics, as of September 2018, the PTA industry's capacity reached 50 million 750 thousand tons, and 2018/19/20 capacity is expected to increase by 100/650/1320 tons in the year of 100/650/1320. The nominal capacity of the project is estimated to be 5175/5825/7145 million tons, and the capacity is expected to exceed the expected level.

At present, the industry CR5 is 65.3%, and the industry CR5 is expected to be 61.2%/58% in 2019/20.

Due to the long-term parking situation of some enterprises, the actual capacity of PTA is 43 million 400 thousand tons.

By September 2018, the existing production capacity of polyester yarn industry is 36 million 340 thousand tons. It is estimated that 2018/19/20 capacity will increase by 102/200/475 million tons in the year of 2018/19/20. The nominal capacity of 2018/19/20 is estimated to be 3736/3936/4411 million tons.

At present, the industry CR6 is 51.7%, and the industry CR6 is expected to be 54.2%/57.1% in 2019/20.

China's PTA has a total capacity of 50 million 750 thousand tons, and the PTA industry CR5 is 65.3%. The industry's top five and market share are Yisheng 26.6%/ Hengli petrochemical 13%/ Fuhai, 12.1%/ Tong Kun petrochemical 7.3%/ Hua Bin petrochemical 6.3%.

In the production of PTA manufacturers, production capacity reached 1 million tons / year or more production enterprises reached 12.

2018-09 China PTA existing nominal capacity map

Data source: public data sorting

Nominal capacity of China's PTA

In the next three years, the new capacity of PTA will reach 20 million 700 thousand tons.

Among them, 2018 new 1 million tons are expected to be put into operation, and 6 million 500 thousand tons are expected to be put into operation in 2019, and 13 million 200 thousand tons are expected to be put into operation in 2020.

In 2019, the nominal capacity of China's PTA will reach 58 million 250 thousand tons, CR5 will be 61.2%, and the industry's top five and market share will be Yisheng 23.2%/ Hengli petrochemical 15.6%/ Fuhai, Chuang 10.6%/, Tong Kun petrochemical 6.4%/ Hua Bin petrochemical 5.5%, and the number of manufacturers that reach 1 million tons / year will rise to 15. In 2020, the PTA capacity of our country can reach 71 million 450 thousand tons, CR5 is 58%, the industry five and market share are Yisheng 23.5%/ Hengli Petrochemical Co., Ltd. fukhai, Chuang Wei, Tung Kun Petrochemical Hua Hua Bin petrochemical 4.5%, and the number of manufacturers whose capacity reaches 1 million tons or more has increased to more than 20%.

Nominal capacity map of China's PTA in 2019

Data source: public data sorting

Nominal capacity map of China's PTA in 2020

In the next three years, the top five market share of PTA industry will continue to show a downward trend except for Hengli Petrochemical Company, mainly because the new capacity of small and medium-sized manufacturers will be gradually released in the next three years.

Changes in the market share of the first five cities in the PTA industry in 2018-2020 years

Data source: public data sorting

The actual capacity of China's PTA is 43 million 400 thousand tons.

Ningbo Yisheng set up a set of 650 thousand tons of production equipment, Hua Ping Petrochemical three sets of 600 thousand tons of equipment, Yangzi Petrochemical set of 350 thousand tons of equipment, 800 thousand tons of Liaoyang petrochemical production plant, Fuhai 1 million 650 thousand tons of production equipment, Zhuhai BP60 million tons of production equipment have been long-term parking and no restart plan.

As of September 2018, the nominal capacity of China's polyester yarn industry totaled 36 million 340 thousand tons, CR6 was 51.7%, the industry's top six and nominal capacity market share were: Tong Kun 14.9%, Heng Yi 13.7%, new Feng Ming 9.1%, Sheng Hong 5.2%, Hengli 4.8%, Rongsheng 4%.

2018-09 China polyester production capacity map

Data source: public data sorting

Current pattern of polyester production capacity in China

2018 new production of 1 million 20 thousand tons, in 2019 is expected to put into operation 2 million tons, in 2020 is expected to put into operation 4 million 750 thousand tons.

New capacity and forecast chart of polyester filament in 2018-2020 years

The market share of the top five polyester filament industry in the next three years is generally on the rise except Sheng Hong. The new capacity in the next three years will come from almost all the leading industries.

In the next three years, the polyester filament industry has added 7 million 770 thousand tons of capacity. Only the top five producers of the industry have contributed 6 million 400 thousand tons of capacity increment.

Production pattern of polyester fiber in China in 2020