<b>Year-end Summary: Overview of China’s PPG Market Performance in 2022</b>

<b>Year-end Summary: Overview of China '>

China PPG capacity & production

2022 Chinese Gathering The production capacity of ether polyols is 7.408 million tons per year, a year-on-year increase of 3.3%. The total output was 4.092 million tons, a year-on-year increase of 1.0%. In 2022, on the one hand, the 350,000 tons of polyether production capacity put into use by Wanhua Chemical at the end of 2020 will be released in 2022. In order to transfer the pressure of overcapacity, Chinese polyether factories will accelerate the expansion of export layout. On the other hand, the European energy crisis and geopolitical conflicts have caused tight supply of polyurethane raw materials in the market, which is good for China's polyether exports, making large and medium-sized enterprises actively increase operating rates, increase production, and increase polyether polyol output.

Looking forward to 2023, although the national polyether Alcohol production capacity exceeds 7 million tons per year, but the transformation or relocation of polyether polyol factories and the planning of new devices are still in progress. The pace of polyether polyol production capacity expansion is still continuing, mostly concentrated on high-rebound, POP and elastomer polyethers with better profits. The phenomenon of overcapacity in China will further intensify. Competitive pressure will gradually increase.

China PPG Import and Export

according to the statistics given by China Customs It shows that from January to November 2022, China's import volume of other polyether polyols in primary form is about 429,400 tons, a year-on-year decrease of 29.7%. The import sources cover 46 countries or regions, mainly from Singapore, Saudi Arabia, Thailand, Korea, Japan. From January to November 2022, China's exports increased by 3.9% year-on-year to 1.1899 million tons, covering 157 countries or regions around the world. From the perspective of export destinations, Vietnam, the United States, Turkey, and Brazil are the main export regions of China's polyether polyols. Mainly rigid foam polyether. With the gradual expansion of production equipment by Chinese polyether manufacturers, the import dependence of China's polyether polyols will drop significantly in 2022...

China PPG consumption

2022 Chinese Gathering The consumption of ether polyols was 3.144 million tons, a year-on-year decrease of 8.3%. Polyether polyols are widely used and consumed in large quantities. The consumption of polyether polyols in China is divided into low and peak seasons, and the consumption demand characteristics of various polyethers are also different. China's polyurethane industry presents obvious characteristics of regional concentration and distribution, which determines that the consumption of polyether polyols presents the characteristics of regional concentration. In 2022, the downstream consumption areas of China's polyether polyols are mainly concentrated in East China, South China, and North China.

2023 Year economic operation Overall recovery is expected. First, after the change of the epidemic prevention policy, various places have passed the peak of the epidemic one after another, gradually promoting the economy to completely get out of the haze of the epidemic, bringing about the improvement of aggregate demand and the restoration of production capacity. Second, the coordinated efforts to expand domestic demand policies will, to a certain extent, offset the impact of weaker external demand on exports next year. Third, the impact of the epidemic on the economy in 2022 will lay a low base for economic recovery next year. ��",sans-serif">Regional demand for polyether polyols in China

5.7.3 Demand of polyether polyols in various downstream industries in China

5.8 2022Development of China's polyether polyol downstream industry in 2019

5.9 2023-2027Chinese polyether polyol market forecast

Part 6: Polyether Polyol Market in Southeast Asia

6.1 2018-2022Review of polyether polyol production capacity in Southeast Asia

6.2 Main polyether polyol manufacturer in Southeast Asia

6.3 2022Review of polyether polyol demand in Southeast Asia

6.4 2022The main downstream industries of polyether polyols in Southeast Asia in 2019

6.5 2023The demand outlook for polyether polyols in Southeast Asia

6.6 2022-2023Polyether polyol market price and outlook in Southeast Asia in 2019

Part VII: Indian polyether polyol market

7.1 2018-2022Review of polyether polyol production capacity in India in 2019