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Chinas large population and the [search] for a better quality [of] life drove demand
for personal care and detergent products, [in which] ethanolamines is the major raw
material, a surfactant maker in southeast Asia said.
The countrys real estate market is another major booster for ethanolamines
demand, mainly in the PU and cement sectors, and is expected to stay high in the
next few years because of the large population, the Zhejiang-based trader said,
adding that the current ease in monetarypolicy may temporarily dampen demand.
International players detected the potential growth of the ethanolamines
market in China from2005, when China met 70% of its demand with imports.
Some ethanolamines majors have built production bases in China in the past three
years, bringing the countrys capacity to over 5m tonnes/year in 2011, up by 10 times
from 2005 and making up a quarter of global capacity.
These included Taiwans Oriental Union Chemical Corp (OUCC)s 40,000 tonne/year
plant at Yizheng in Jiangsu province, Dutch producer Akzo Nobels 80,000
tonne/year amines complex atNingbo in Zhejiang province and German chemical
giant BASFs 75,000 tonne/year amines complex at Nanjing in Jiangsu province.
With around 860,000 tonnes/year of capacity in 2011, Asia now has the largest
production capacity of ethanolamines in the world, exceeding that in the US, which
had a capacity of 806,000 tonnes/year for the same year, according to ICIS data.
More new capacities, mainly in China and the Middle East, are to come on stream in
the next few years, with the latest start-ups expected in the second quarter of 2012.
These include South Korean firm Honam Petrochemicals 50,000 tonne/year project
in China and Saudi producer SABICs 100,000 tonne/year Saudi Kayan project at AlJubail.
Market players said they are aware that the capacities coming on line in China will
change the trade flow of ethanolamines in Asia dramatically over the next two to
three years.
Now a large importer, China is to reduce its imports further if local production is able
to provide sufficient ethanolamines of acceptable quality for domestic end-users, a
major European producer said.