Polycarboxylic Acid Market in China
Market Overview
In 
, the Chinese polycarboxylic acid market decreased by -% to $, falling for the fourth year in a row after three years of growth. In general, consumption continues to indicate a drastic downturn. Polycarboxylic acid consumption peaked at $ in 2011; however, from 2012 to , consumption remained at a lower figure.
In value terms, polycarboxylic acid production dropped to $ in estimated in export price. Over the period under review, production saw a buoyant expansion. The growth pace was the most rapid in 2014 when the production volume increased by %. Over the period under review, production reached the maximum level at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.
, the Chinese polycarboxylic acid market decreased by -% to $, falling for the fourth year in a row after three years of growth. In general, consumption continues to indicate a drastic downturn. Polycarboxylic acid consumption peaked at $ in 2011; however, from 2012 to , consumption remained at a lower figure.In value terms, polycarboxylic acid production dropped to $
in estimated in export price. Over the period under review, production saw a buoyant expansion. The growth pace was the most rapid in 2014 when the production volume increased by %. Over the period under review, production reached the maximum level at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.Consumption
In , consumption of polycarboxylic acids decreased by -% to tons, falling for the second year in a row after seven years of growth. Overall, consumption recorded a deep contraction. Polycarboxylic acid consumption peaked at tons in 2007; however, from 2008 to , consumption failed to regain momentum.
The size of the polycarboxylic acid market in China contracted sharply to $ in , falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a abrupt curtailment. Over the period under review, the market hit record highs at $ in 2011; however, from 2012 to , consumption remained at a lower figure.
, consumption of polycarboxylic acids decreased by -% to tons, falling for the second year in a row after seven years of growth. Overall, consumption recorded a deep contraction. Polycarboxylic acid consumption peaked at tons in 2007; however, from 2008 to , consumption failed to regain momentum.The size of the polycarboxylic acid market in China contracted sharply to $
in , falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a abrupt curtailment. Over the period under review, the market hit record highs at $ in 2011; however, from 2012 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for polycarboxylic acid in China, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . China domestic supply is expected to continue its growth. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
% in 2007 to % in . China domestic supply is expected to continue its growth. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
China remains a net exporter of polycarboxylic acid; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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