"It is the first edition report for adipic acid market in China from CCM. After anti-dumping investigation into and anti-dumping duties levied on imported adipic acid respectively in 2008 and 2009, China’s adipic acid industry has undergone great changes in the past two years. What are the changes in production, consumption, import and export, competitive landscape in China’s adipic acid industry? What is the trend of China’s adipic acid industry? CCM will give you the right answers in this report. The report also covers the following aspects of China’s adipic acid industry: - Government regulations on adipic acid industry in China, especially anti-dumping policy - Price competition between domestic and overseas adipic acid - Impact of anti-dumping on future import and price - All adipic acid producers in China and their plans for future adipic acid projects - Strengths and weaknesses in China’s adipic acid production - Comparison between domestic and overseas adipic acid in quality and consumption - Value, structure, and distribution of adipic acid consumption in China - Forecast on adipic acid consumption in next five years, especially in key consumption fields - Investment opportunities in China’s adipic acid industry "

1. CCM Data & Primary Intelligence
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2. CCM Data & Primary Intelligence
Description:
It is the first edition report for adipic acid market in China from CCM.
After anti-dumping investigation into and anti-dumping duties levied on imported adipic acid
respectively in 2008 and 2009, China’s adipic acid industry has undergone great changes in the past
two years. What are the changes in production, consumption, import and export, competitive landscape
in China’s adipic acid industry? What is the trend of China’s adipic acid industry? CCM will give you the
right answers in this report.
The report also covers the following aspects of China’s adipic acid industry:
- Government regulations on adipic acid industry in China, especially anti-dumping policy
- Price competition between domestic and overseas adipic acid
- Impact of anti-dumping on future import and price
- All adipic acid producers in China and their plans for future adipic acid projects
- Strengths and weaknesses in China’s adipic acid production
- Comparison between domestic and overseas adipic acid in quality and consumption
- Value, structure, and distribution of adipic acid consumption in China
- Forecast on adipic acid consumption in next five years, especially in key consumption fields
- Investment opportunities in China’s adipic acid industry
Main content:
No. Content Page
Executive summary 1
Methodology and source 2
I Global adipic acid market and China’s position 5
II China’s anti-dumping policy on adipic acid 10
II-1 Government’s regulations 10
II-2 Import and export analysis 2005~2009 11
II-3 Price competition between domestic and overseas adipic acid 15
II-4 Impact on future import and domestic price 17
III Adipic acid production in China 19
III-1 Historical adipic acid production 2005~2009 19
III-2 Strengths and weaknesses in production 23
III-3 Future projects and trend 24
III-4 Forecast on adipic acid production 2010~2014 25
IV Adipic acid consumption in China 26
IV-1 Consumption situation 26
IV-2 Consumption fields 28
Quality and consumption comparison between domestic and oversea adipic
IV-3 31
acid
IV-4 Forecast on adipic acid consumption 2010~2014 32
V Market channels and shares of domestic and overseas producers 35
VI Competitive landscape 38
VII Conclusion and opportunities 40
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3. CCM Data & Primary Intelligence
VIII Profile 41
VIII-1 Key producers 41
VIII-1-1 PetroChina Liaoyang Petrochemical Co., Ltd. 41
… … 43
VIII-1-6 Taiyuan Chemical Industry Co., Ltd. 48
VIII-2 Key end users 50
VIII-2-1 Yutian Chemical Industry 50
… … 50
VIII-2-18 Zhejiang Longfeng Chemical Industry Co., Ltd. 60
Executive summary:
In the past two years, with technology breakthrough and anti-dumping duties levied on imported adipic
acid from the US, EU and South Korea, adipic acid capacity of China has expanded rapidly, which has
changed the pattern of global adipic acid industry.
Before 2008, owing to influx of imported adipic aicd with lower price, China’s adipic acid production
entered a stagnation stage, with no capacity expansion in 2005~2007, which resulted in the increasing
Chinese adipic acid dependency on import. For instance, xx of Chinese adipic acid was imported in
2007, while xx in 2005. Meanwhile, the lower price of imported products pushed down the settlement
price and reduced the profitability of domestic producers.
Fortunately, the situation has changed since 2008: after Chinese government started to conduct
anti-dumping investigation on imported adipic acid from the US, EU and South Korea, some new
entrants were engaged in adipic acid production, such as Shandong Haili Chemical Co., Ltd.,
Shandong Hongye Group, and Xinjiang Dushanzi TianLi High＆New Tech Co., Ltd. After the capacity
released, China’s self-sufficiency rate of adipic acid was increasing.
As for consumption, driven by rapid development of PU sizing, PU resin for shoe sole and nylon 66 salt,
consumption of adipic acid achieved a CAGR of xx in 2005~2009, despite its growth rate was negative
in 2008 impacted by global economic crisis. PU sizing, PU resin for shoe sole and nylon 66 salt are the
three largest downstream products of adipic acid, accounting for xx, xx, xx separately in total
consumption volume in 2009.
With increasing new entrants in this field and expanding capacity in the coming years, competition in
China’s adipic acid market will be more intense for both domestic and overseas producers.
Character of CCM' Report:
The aim of this report is to provide powerful assistance to the strategy group and the management
team in making correct decision as how to penetrate the ever-increasing China market and how to
catch the maximum commercial opportunities. The report is formulated independently by CCM’s
professional market researchers, based on the first-hand and primary data which are analyzed by
scientific methodology, confirmed with both manufacturers/end users/traders and legal authorities, and
presented in a logic way.
Sample pages：
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4. CCM Data & Primary Intelligence
I Global adipic acid market and China’s position
Global adipic acid market
In past few years, global adipic acid supply was in shortage, pushing its price up. However, with the
sharp rising of China’s adipic acid production in the past two years…..
Figure I-1 Global capacity, output of adipic acid and their growth rates, 2005~2009
4,000,000 20%
3,600,000 16%
Capacity and output
Growth rate
3,200,000 12%
2,800,000 8%
2,400,000 4%
2,000,000 0%
2005 2006 2007 2008 2009
Capacity (t/a) Output (tonne)
Grow th rate of capacity Grow th rate of output
Source: CCM International
In 2009, total about 00000 active manufacturers were engaged in adipic acid production all over the
world and Invista was the largest one.
Table I-1 Main adipic acid producers in the world, 2009
No. Name Country Capacity, (t/a) Total, (t/a) Share by
capacity
US 00000000
00000000 00000000
00000000 00000000
1 00000000 00000000 00000000 00000000 31.32%
00000000 00000000
00000000 00000000
2 Rhodia 000000 00000000 00000000 00000000
3 00000000 00000000 00000000 00000000 00000000
4 00000000 Germany 00000000 300,000 00000000
00000000 00000000 00000000 00000000
5 00000000 00000000 80,000
6 Asahi Kasei 000000 00000000 00000000 00000000
7 00000000 00000000 00000000 140,000 00000000
8 00000000 00000000 00000000 00000000 00000000
9 Shandong Haili Chemical Co., Ltd. China 00000000 00000000 00000000
Others - 00000000 00000000 00000000
00000000 00000000 00000000
Total -
Source: CCM International
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5. CCM Data & Primary Intelligence
II China’s anti-dumping policy on adipic acid
II-2 Import and export analysis 2005~2009
Import situation in 2009 (January to November)
Importers
In 2009, over 00000000 enterprises are engaged in adipic acid import in China, among which Zhejiang
Huafon New Materials Co., Ltd. is the largest one, which is also the largest polyurethane producer in
China.
Table II-2-2 Key importers of adipic acid in China, Jan. ~ Nov. 2009
No. Name Import volume (tonne) Value (USD) Price (USD/kg)
1 000000000000000000000000000 000000 00000000 00000000
2 Zhejiang Longfeng Chemical Industry Co., Ltd. 00000000 00000000 00000000
3 000000000000000000000000000 00000000 00000000 00000000
4 000000000000000000000000000 00000000 00000000 00000000
5 000000000000000000000000000 00000000 00000000 00000000
6 000000000000000000000000000 00000000 4,384,171 00000000
7 000000000000000000000000000 00000000 00000000 00000000
8 000000000000000000000000000 00000000 00000000 1.04
9 000000000000000000000000000 1,786.000 00000000 00000000
10 000000000000000000000000000 00000000 00000000 00000000
11 000000000000000000000000000 00000000 00000000 00000000
12 Shanghai Achemical Trading Co., Ltd. 00000000 00000000 00000000
13 000000000000000000000000000 00000000 1,459,201 00000000
14 000000000000000000000000000 00000000 00000000 1.35
15 000000000000000000000000000 00000000 00000000 00000000
16 000000000000000000000000000 00000000 00000000 00000000
17 000000000000000000000000000 1,437.100 00000000 00000000
18 000000000000000000000000000 00000000 1,686,681 00000000
19 000000000000000000000000000 00000000 00000000 00000000
20 Jiangsu Light Industrial Products Import & Export (Group) 00000000 00000000 00000000
Corporation
21 000000000000000000000000000 00000000 00000000 0.84
22 000000000000000000000000000 00000000 00000000 00000000
23 000000000000000000000000000 00000000 00000000 00000000
24 000000000000000000000000000 1,110.000 00000000 00000000
25 000000000000000000000000000 00000000 1,764,627 00000000
Others 00000000 00000000 00000000
Total 00000000 00000000 00000000
Source: CCM International
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6. CCM Data & Primary Intelligence
III Adipic acid production in China
Adipic acid production
After dramatic development in the past two years, the capacity of adipic acid has reached 00000000t/a by
the end of 2009, compared with output of 00000000 tonnes in 2009.
Figure III-1-1 Adipic acid production situation in China, 2005~2009
600,000 80%
500,000
Capacity and output
60%
400,000
Growth rate
300,000 40%
200,000
20%
100,000
0 0%
2005 2006 2007 2008 2009
Capacity (t/a) Output (tonne)
Grow th rate of capacity Grow th rate of output
Source: CCM International
Table III-1-1 Brief introduction of all adipic acid producers in China, 2009
No. English name Abbreviation Location Ownership Status Capacity (t/a)
2009 2008 2009 2008
1 000000 000000 000000 State-owned 000000 000000 000000 000000
2 000000 000000 000000 000000 000000 000000 000000 000000
3 Shandong Haili Chemical Co., Ltd. 000000 000000 000000 000000 000000 000000 000000
4 000000 000000 000000 000000 000000 000000 000000 000000
5 000000 000000 000000 000000 000000 000000 000000 000000
6 000000 000000 Zhejiang 000000 000000 Active 000000 000000
7 000000 000000 000000 000000 Idle 000000 000000 000000
8 000000 000000 000000 000000 000000 000000 000000 000000
9 000000 000000 000000 000000 000000 000000 000000 000000
Total - - - - - 000000 000000
Source: CCM International
IV Adipic acid consumption in China
IV-1 Consumption situation
After a gloomy demand in 2008, the apparent consumption of aidpic acid in China reached …..
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7. CCM Data & Primary Intelligence
Table IV-1-1 Apparent consumption of adipic acid in China, 2005~2009
Year Output (tonne) Import (tonne) Export (tonne) Apparent consumption Total value
(tonne) (USD)
2005 000000000000 000000000000 0000000000 000000000000 000000000000
2006 0000000000 000000000000 000000000000 000000000000 000000000000
2007 000000000000 0000000000 000000000000 000000000000 000000000000
2008 000000000000 000000000000 000000000000 407,447 000000000000
2009 000000000000 000000000000 000000000000 000000000000 0000000000
Source: CCM International
VI Competitive landscape
With fast capacity expansion in China, global adipic acid industry landscape has undergone
considerable changes in the past two years:
Table VI-1 SWOT analysis between domestic and overseas adipic acid producers
Item S (Strength) W (Weakness) O (Opportunities) T (Threatens)
Domestic 000000000000 000000000000 Huge market in 000000000000
producers Low labor cost 000000000000000000 China
000000000000 000000000000
000000000000
Oversea producers 000000000000 000000000000 000000000000 Global economy
000000000000 slump
000000000000000000 000000000000
Source: CCM International
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