EPDM market status
2024-04-07
In 2012, China's ethylene-propylene rubber industry continued to maintain its hot investment trend. According to incomplete statistics, including the most competitive Sinopec/Mitsui joint venture project, domestic and foreign manufacturers plan to build more than 10 ethylene-propylene rubber projects in China in recent years, with a total new capacity of nearly 850000 tons/year.
As my country's economy has begun to pick up, pillar industries such as automobiles and construction have entered a period of rapid development, which has obviously boosted the market demand for EPDM. According to data from China Business Intelligence Network, in 2012, China's EPDM output reached 19100 tons, and its apparent consumption reached 227500 tons. The industry's import dependence is still high.
With the improvement of my country's economic aggregate, the automobile industry as a pillar industry continues to develop rapidly. The next period will still be a period of rapid development of EPDM in the above-mentioned industries, coupled with urban infrastructure, high-speed railway, and rail transit construction. The continuous development of China's EPDM market will surely drive China's EPDM market into a peak demand. China Business Intelligence Network released the "2013-2018 China EPDM Market Survey and Development Prospect Consultation Report", which predicts that the total domestic demand for EPDM will reach about 320000 tons in 2015, of which automobiles and polymers Modification will still be the two most important consumption areas.
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