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Steve Zinger stated that in 1990, Europe and the United States were the most important polyolefin production bases in the world, with production capacities each accounting for 37% of the total polyolefin production capacity in the world, while Asia accounted for 22% and the Middle East only accounted for 3%. Based on estimates of construction and planned construction projects in various regions, it is expected that by the year 2015, the global polyolefin production capacity distribution will undergo a major change: the proportion of Europe's total global production capacity will drop to 19%, the United States will drop to 23%, and Asia will quickly Increased to 41%, the Middle East will grow to 15%. Steve Zinger believes that the rapid growth of polyolefin production in Asia is due to the fact that the polyolefin consumer market in the region has grown rapidly since 1990, and global manufacturers have established new installations in the region. In the Middle East, after a sharp increase in oil prices in recent years, it has formed a strong cost advantage. Large international petrochemical companies have built new installations in the region, and the scale of their construction and proposed polyolefin production capacity is unprecedented.
Due to the shift of production bases to Asia, especially the Middle East, the rankings of the world's major polyolefin suppliers have quietly changed. Sinopec and SABIC ranked 8th and 10th respectively among the top 10 PE suppliers in global production capacity in 2002. According to the construction plan of major PE suppliers worldwide, it is expected that by 2012, SABIC will be ranked 3rd. Sinopec will rise to No. 4, while PetroChina will be ranked No. 5. The situation of PP is also very similar. Among the top 10 PP suppliers in the global production capacity in 2002, Sinopec ranked No. 3, and it is expected that by 2012, Sinopec will rise to No. 2, while SABIC will be ranked No. 3.
One noteworthy phenomenon is that, given the rich source of raw materials in the Middle East, many multinational companies are currently looking for opportunities to build factories in the region, while international polyolefin traders prefer the advantages of import prices from the region. Olefin products. The relevant person in charge of Sinochem Group has made it clear that the Middle East region has become the group’s largest source of raw materials. In the future, the Group’s plastic raw materials will be imported more from the Middle East.
Steve Zinger, the Asia regional manager of the world-renowned consulting firm, recently pointed out that at present, the global polyolefin production base is shifting to Asia, especially the Middle East. This is due to the advantage of raw materials in the Middle East, and Asia is becoming a global polyolefin consumption. center.