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IHSM Dooley EngineeringPolymers March22
IHSM Dooley EngineeringPolymers March22
IHSM Dooley EngineeringPolymers March22
23 March 2018
Hilton Americas | Houston, TX, US
8 80%
Million Metric Tons
Operating Rate
6 60%
4 40%
2 20%
0 0%
12 13 14 15 16 17 18 19 20 21 22
Demand Total Capacity Operating Rate
Source: World Analysis - Nylon Engineering Resins © 2018 IHS Markit
8
Million Metric Tons
0
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Americas Europe Asia
Source: IHS Markit © 2018 IHS Markit
900
600
300
-300
12 13 14 15 16 17 18 19 20 21 22
North America South America Europe
CIS & Baltic States Middle East Indian Subcontinent
China Rest of Asia Demand Growth
Source: World Analysis - Nylon Engineering Resins © 2018 IHS Markit
100
200
300
400
500
600
700
Li Peng
Fujian Zhongjin NM
Nylon 6 – producers
Many regional operators
Zig Sheng
Lanxess
KuibyshevAzot
AdvanSix
Ube
DSM
Hengyi
Grupa Azoty
Jiangsu Hongsheng
Radici
Asia
Hyosung Corp.
Yueyang Baling
DOMO Chemicals
Europe
Jiangsu Haiyang CF
Shaw
CNCEC
Americas
Nantong Wenfeng
© 2018 IHS Markit
Caprolactam feedstock capacity
Asia dominates
10
8
Million Metric Tons
0
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Americas Europe Asia
Source: IHS Markit © 2018 IHS Markit
Operating Rate
2 80%
1 60%
0 40%
12 13 14 15 16 17 18 19 20 21 22
Demand Total Capacity Operating Rate
Source: World Analysis - Nylon Engineering Resins © 2018 IHS Markit
800
600
400
200
200
100
-100
12 13 14 15 16 17 18 19 20 21 22
North America South America West Europe CIS & Baltic States
Middle East China Rest of Asia Demand Growth
200
400
600
Invista
DowDuPont
Four dominant operators
Nylon 66 – producers
Shenma
Radici
Asahi Kasei
Jiangsu Shenma
Huafon
Nilit
Polyamide HP
Fujian Shenma
Saudi Polymers
Toray
Guorui Chemical
Grand Pacific
Hangzhou Dikai
Rhodia
APAC
Yingkou Yinglong
Jiangsu Huayang
EMEA
XENTRYS
Liaoyang Dongda
Americas
12
0
Acrylonitrile Butadiene Adiponitrile HMDA Adipic Acid
Capacity Consuption at Full N66 Prodn
Source: IHS Markit © 2018 IHS Markit
1.5
1.0
0.5
0.0
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Asahi Kasei Chem. Ascend Butachimie Invista
Source: IHS Markit © 2018 IHS Markit
Capacity additions:
Ascend 2018
Butachemie 2Q19
Invista Victoria 4Q20
Confidential. © 2018 IHS MarkitTM. All Rights Reserved.
Polycarbonate – rising capacity
Capacity outpaces demand
8 100%
Million Metric Tons
6 80%
Operating Rate
4 60%
2 40%
0 20%
12 13 14 15 16 17 18 19 20 21 22
Demand Total Capacity Operating Rate
Source: World Analysis - Polycarbonate © 2018 IHS Markit
6
Million Metric Tons
0
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Americas EMEA APAC
Source: IHS Markit © 2018 IHS Markit
600
400
200
-200
12 13 14 15 16 17 18 19 20 21 22
North America South America Middle East CIS & Baltic States
China Rest of Asia Demand Growth
Source: World Analysis - Polycarbonate © 2018 IHS Markit
Pricing pressure
12
Operating Rate
80%
60%
4
0 40%
12 13 14 15 16 17 18 19 20 21 22
Demand Total Capacity Operating Rate
Source: World Analysis - ABS
12
Million Metric Tons
10
0
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
The
Americas Building &
Northeast
9% Construction
Asia
6%
68%
Europe
9%
Transportation
13%
Rest of the
World Electronics/Electrical
7% 30%
Source: IHS Markit © 2018 IHS Markit Source: IHS Markit © 2018 IHS Markit
600
400
200
-200
12 13 14 15 16 17 18 19 20 21 22
North America Europe CIS & Baltic States Middle East
Indian Subcontinent China Rest of Asia Demand Growth
Source: IHS Markit © 2018 IHS Markit
Prices rising
1,600 80
Operating Rate
1,200 60
800 40
400 20
0 0
12 13 14 15 16 17 18 19 20 21 22
Domestic Demand Total Capacity Operating Rate
Source: IHS Markit © 2018 IHS Markit
2,000
Thousand Metric Tons
1,500
1,000
500
0
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
120
100
80
60
40
20
0
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
West Europe North America
Source: IHS Markit © 2018 IHS Markit
DMT DMT
82% 21%
PTA
79%
PTA
18%
Source: IHS Markit © 2018 IHS Markit Source: IHS Markit © 2018 IHS Markit
Prices rising
Brendan Dooley
Global Director, Engineering Polymers
+1 346 203 2628 cell
Brendan.Dooley@ihsmarkit.com
Houston
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