In 2020, the BOPET market entered a new round of production cycle, but affected by many irresistible factors, the production capacity originally scheduled for 2020 was postponed to varying degrees. In 2021, BOPET early-stage delayed production lines will be put into production one after another. The specific production progress information will be analyzed in detail from five dimensions: enterprise, province, region, thickness and width of production line.
According to the statistical data analysis of Zhuochuang Information, in 2021, the BOPET market is expected to add 1.045 million tons of capacity, of which the already put into production capacity of 575,000 tons accounts for 55%, the unput capacity of 470,000 tons accounts for 45%; A total of 30 production lines are expected to be put into production, of which 17 have been put into production and 13 have not.
According to the statistics by enterprises, in 2021, there are 14 enterprises that have been put into operation or are planning to put into operation, among which 5 are new enterprises, accounting for 36%, and the other 9 are existing enterprises expanding capacity. In terms of the proportion of production capacity, the five newly entered enterprises have put into production 25,000 tons, accounting for only 4% of the annual production capacity, and there are still 290,000 tons of unput into production, accounting for 62% of the annual production capacity. As of September 10, all 7 enterprises have been put into production, 3 enterprises have been partially put into production, and only 4 enterprises have not been put into production, all of which are new enterprises. The production progress of new enterprises is much slower than that of original enterprises.
According to statistics by provinces, a total of 5 provinces have invested or are expected to invest in 2021, among which Fujian province has put into production, accounting for 17% of the new capacity in 2021. Guangdong’s new capacity has yet to be released, accounting for 6% of the new capacity in 2021. Some production lines have been put into operation in the other three provinces, 64% in Jiangsu and only 36% in jiangsu. More than 50 per cent of zhejiang and Liaoning provinces are still not in production. In 2021, jiangsu has invested and is expected to invest a total of 520,000 tons of new investment, accounting for half of the increase in the country.
By region, the increase in 2021 is concentrated in East China, South China and northeast China. East China accounted for 65% of the total, with 53% already in production and 47% not yet in production. South China added 23% of the total, of which only 26% has yet to go into production. Northeast China accounts for 13 percent of the country, of which 33 percent have been put into production and 67 percent have not. In 2021, the newly added production of BOPET market is still concentrated in east China, which is closely related to the proportion of consumption regions. The newly added production in South China increases, mainly affected by the supply gap in South China.
Production line thickness statistics, the new film line accounted for 67% of the national total of 705,000 tons, of which 330,000 tons have been put into production, there are 375,000 tons of capacity has not released, this kind of production line is mainly common products; The medium thickness line accounts for 20%, and 140,000 tons have been put into production. Thick line accounts for 13%, there are still 30,000 tons not put into production, the products are mainly optical and differentiation. In 2021, the new products are mainly ordinary products.
The BOPET production line has been updated quickly, its width has been expanded from 3 meters to more than 10 meters in ten years, the speed is accelerating, its capacity has increased correspondingly, but there is a slight gap in the production of different production lines. The production line above 8 meters is more suitable for the production of thickness below 75μ. Most of the products with this thickness are ordinary. The production line below 8 meters is more suitable for the production of more than 100μ thickness, which is mainly differentiated products; After the later production line adjustment, different production lines will be relatively rich in product types. In 2021, the thickness of new production lines in the BOPET market is concentrated in 8-10 meters, a total of 600,000 tons, accounting for 57%; All production lines below 5 meters have been put into production, half of production lines between 5 and 10 meters have been put into production, and only one production line over 10 meters has been put into production, and there are still 4 production lines over 10 meters in this year. This line is also the first production line over 10 meters in China, and its daily output is around 120 tons, double that of other production lines.
In 2021, if all production lines are expected to be put into operation, its capacity is expected to grow to 4.532 million tons, an increase of 30%. More than 3 million tons of production capacity is still expected to be put into production from 2022 to 2025, of which around 600,000 tons is expected to be added in 2022. Zhuochuang information expects that by 2025, the market size of BOPET will be close to 8 million tons, double that of the end of 2020. The rapid growth of supply will lead to the change of supply and demand in the whole market, and the differentiation and functionalization of BOPET products will remain its main development direction in the future.
Post time: Sep-14-2021