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A Look Back at Chinese Ethylene Glycol Market in 2018

A Look Back at Chinese Ethylene Glycol Market in 20182019.01.25

As the basic petrochemical materials, ethylene glycol is widely used for the manufacture of polyester fiber, coating, lubricant, brake fluid, etc. Although it has a very widespread use, in its downstream applications, 90% of them are used for polyester products.


(Data Source: ZPP)


With the sharp increase in global consumption of polyester products, polyester and ethylene glycol industry also developed very rapidly in China. Polyester output grew by 7.2% from 2012 to 2017, and increased by 12% compared with a year earlier in the first 10 months of 2018. The increase in polyester production has driven the growth of ethylene glycol.



(Data Source: ZPP)


As a basic chemical raw material, the consumption of ethylene glycol is mainly concentrated in Jiangsu and Zhejiang, accounting for 80% of the country's consumption.



(Data Source: ZPP)


Naphtha is the cracking stock for producing ethylene glycol, but this method has become obsolete. With advanced technology, Chinese self-sufficiency in ethylene glycol production have been increased, which reduces the country’s dependence on imports.


(Data Source: ZPP)


With the progress of the coal-to-ethylene glycol technology in China, the production capacity has been continuously increased in recent years. China will expand the ethylene glycol production in the next three years, and the output is expected to grow rapidly. 



(Data Source: ZPP)

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