Home / Knowledge / News / Textiles / Worldwide ethylene capacity to witness glut
Worldwide ethylene capacity to witness glut
10
Apr '09
It is reported that market participants expect the world's ethylene production will face a surplus situation within the next few years and although demand for ethylene will grow at an annual average of 5 percent, ethylene will remain in oversupply state till 2015.

In East Asian region, growth rate of ethylene production will be greater than demand by 2010, resulting in excess supply. This situation will continue until 2013 with ethylene crackers maintaining an average operating rate of 75-85 percent in this region (excluding China),

Between 2009 and 2012, the Middle East and China will have in place a large volume of new ethylene production capacity expansions and if fundamentals do not change, it may also lead to suspension of operations in many existing ethylene capacities.

According to statistics, total global ethylene demand was 110 million tons in 2008, representing a 2.8 percent reduction from 2007. Global ethylene production capacity is expected to reach 160 million tons per year by 2015, 1.6 times that of 2008.

Among them, ethylene production capacity in the Middle East will increase to 32.6 million tons, 2.7 times that of 12.7 million tons of 2008. China's ethylene production capacity will reach to 21 million tons per year against 10 million tons in 2008.

As a result of oversupply ethylene in the world, ethylene derivatives produced in the Middle East will flood into markets in East Asia, resulting in an oversupply state of ethylene.

It is predicted that production capacity of ethylene derivatives in the Middle East will increase 180 million tons per year, of which 170 million tons will be exported and about half of this production will be exported to East Asia.

If ethylene production capacity in the Middle East and China run at full operational capacity, crackers in other countries will inevitably be forced to cut production. Plants in these countries will need to cut rate in double-digits in 2014; especially the cut rate will exceed 20 percent from 2010 to 2012.

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X