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With the start-up of domestic new construction and expansion projects, industry insiders predict that by the end of 2012, China will surpass the United States and become the world’s largest producer of crude acrylic acid and acrylates, and will become a net exporter from a net importer of acrylic acid. However, the growth of demand cannot keep up with the pace of capacity growth, and how to absorb new production capacity has attracted attention.

It is understood that Jiangsu Jurong Chemical Company has put into production a crude acrylic acid plant with an annual production capacity of 160,000 tons in Taixing this spring, and a similar-scale installation will be put into operation in September. In the first half of the year, Jiangsu Sanmu Group put into operation a unit with an annual output of 60,000 tons of crude acrylic acid. It is expected that a set of 80,000 tons of butyl acrylate plant will be put into operation in August this year. A CNOOC company's annual production capacity of 160,000 tons of crude acrylic acid and a 160,000-ton per year acrylate plant will be driven in July.

At present, there are many acrylic acid and ester projects planned and under construction in China. Yantai Wanhua Company decided to build an annual production of 300,000 tons of acrylic acid and related acrylic ester projects in three phases. The first phase of the project is expected to be completed and put into operation in 2013. In January of this year, BASF-YPC Company announced that it will build a new acrylonate plant with an annual output of 190,000 tons in Nanjing Chemical Industry Park. It is expected to be completed and put into production in early 2014. Taiwan Yanzhou Group has launched a total investment of 220 million US dollars in Nantong, an annual output of 80,000 tons of acrylic acid and an annual output of 80,000 tons of acrylic vinegar project. Shandong Kaitai Group is also building an acrylic acid project with an annual production capacity of 80,000 tons. In addition, Zhejiang Satellite Petrochemical's superabsorbent resin project in Jiaxing, Zhejiang, and Formosa Plastics' comprehensive acrylic acid project in Ningbo.

According to the consulting company Tycorin of the United Kingdom, there has been an oversupply situation in the acrylic acid market in China. By the end of 2011, there were 11 acrylic acid producers in the country, with an annual production capacity of 1.3 million tons. This year, crude acrylic acid production capacity in China is expected to increase by 24%. , to reach 1.83 million tons, acrylate production is expected to increase 31% to 1.97 million tons. Due to the mass production of acrylic acid and esters in China, China will become a net exporter from a net importer of acrylic acid, which will significantly affect the Asian market supply pattern and even change the supply pattern in Europe, North America, and South America.

In recent years, the demand for China's acrylic acid market has continued to increase at an average annual growth rate of 10%. The demand will increase from 1.1 million tons in 2011 to 1.3 million tons this year, mainly due to high water-absorbing resins, water treatment agents, paint binders, and The demand for textiles is boosted. This triggered the wave of expansion of the enterprise. It is expected that in the next few years, it will still be the peak period for the construction of acrylic and ester devices.

At the recent Forum on Acrylate and Methyl Methacrylate Market, related experts also stated that from 2012 to 2013, Jiangsu Sanmu, Jiangsu Jurong, CNOOC Huizhou, Qilu Kaitai, Yantai Wanhua and other devices were put into operation as expected. The market capacity will surely usher in a concentrated outbreak, and the new downstream expansion will lag far behind the upstream, and there may be a surplus.

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