Epoxy curing agent News Competition in the 1,2-pentanediol industry intensifies and technology may be improved

Competition in the 1,2-pentanediol industry intensifies and technology may be improved

广告位

Competition in the 1,2-pentanediol industry is intensifying and technology may be improved

1,2-Pentanediol is an organic compound, colorless and transparent liquid. 1,2-pentanediol is mainly used in the synthesis of propiconazole, a fungicide special for economic crops, and is used in a small amount in the cosmetics field. As an important producer of propiconazole in the world, China is supporting the production of 1,2-pentanediol. With the improvement of purification and deodorization processes and the enhancement of heavy metal control capabilities, China’s 1,2-pentanediol industry has achieved product upgrades and entered the industry. Cosmetic grade 1,2 pentanediol production field.
Earlier, 1,2-pentanediol production technology patents were monopolized by multinational companies such as Ciba-Geigy, and monopolized the domestic and foreign 1,2-pentanediol markets. In addition, the country did not have the key raw material production technology, resulting in domestic 1,2-pentanediol production technology patents. , The 2-pentanediol market relies on imports. In recent years, with the development of domestic chemical technology, China has gradually broken through the production technology related to 1,2-pentanediol and the raw material n-pentene, and even developed a 1,2-pentanediol production process that does not use n-pentene as raw material, promoting It has promoted the industrial development of China’s 1,2-pentanediol industry. However, due to the limited market capacity of 1,2-pentanediol and the difficulty of production technology, there are risks such as safety and environmental protection in the production process, resulting in fewer production companies and high market concentration. At present, China’s main 1,2-pentanediol companies include Xinxiang Jujing Chemical Co., Ltd., Zhejiang Liansheng Chemical Co., Ltd., Zhejiang Boju New Materials Co., Ltd., etc.
According to the released “2023-2027 1,2 Pentylene Glycol Industry In-depth Market Research and Investment Strategy Suggestions Report” shows that in 2021 Years ago, 1,2-pentanediol was a niche chemical with a low market momentum and relatively stable price fluctuations. From 2021 to the end of 2022, affected by factors such as global inflation, rising commodity prices, the Russia-Ukraine conflict, the European energy crisis, and retaliatory consumer demand after the relaxation of epidemic prevention and control measures in major economies around the world, the market volume of 1,2 pentanediol will With prices rising simultaneously, the price of 1,2-pentanediol has risen from around 60,000/ton to around 100,000/ton, and will remain at around 100,000/ton for a long time in 2022. The profitability of the industry has increased. Stimulate existing companies such as Xinxiang Jujing Chemical Co., Ltd. to expand production capacity, and companies outside the industry such as Anhui Runyan Technology Co., Ltd. have also transformed and become involved in 1,2 pentanediol, planning to launch a 5,000 tons/year 1,2 pentanediol project. Continue to promote the rapid expansion of production capacity in China’s 1,2-pentanediol industry. However, entering 2023, the market demand and product price of 1,2-pentanediol continued to fall, and fell to about 63,000/ton in mid-April 2023. The profitability of the industry dropped significantly, and the industry quickly shifted from short supply to overcapacity.
Analysts believe that in the future, as companies involved in the 1,2-pentanediol industry and related investments increase, industry production capacity will expand. As a result, competition in the industry has gradually intensified, and some weak companies may withdraw from the market, thus forming a number of strong production companies; in terms of technological development, the technical processes of related companies have gradually become stable, but based on cost reduction and efficiency improvement, For purposes such as reducing pollution, small-scale optimization and adjustment will be carried out; n-pentene companies represented by Besme are building production capacity, and the domestic 1,2-pentanediol industry chain will gradually improve, which will help the 1,2-pentanediol industry reduce production cost.
广告位
This article is from the Internet, does not represent the position of Epoxy curing agent, reproduced please specify the source.https://www.dmp-30.vip/archives/46916

author:

Previous article
Next article
Contact Us

Contact us

+86 - 152 2121 6908

Online consultation: QQ交谈

E-mail: info@newtopchem.com

Working hours: Monday to Friday, 9:00-17:30, closed on holidays
Follow wechat
Scan wechat and follow us

Scan wechat and follow us

Follow Weibo
Back to top
Home
Phone
Products
Search