Polyether_Polyether Polyol News Propargyl alcohol market supply and demand maintain balance, industry development prospects are sluggish

Propargyl alcohol market supply and demand maintain balance, industry development prospects are sluggish

Propargyl alcohol market supply and demand maintain a balance, and the industry's development prospects are sluggish

Propargyl alcohol, also known as 2-propyn-1-ol, is an important chemical raw material with high added value. It is used as a chemical intermediate, stabilizer, rust remover, etc. in pesticides, chemicals, medicine, It is used in oil mining, electroplating and other industries, and the market demand is high. Propargyl alcohol has a wide range of applications. Driven by the development of terminal industries, domestic demand for propargyl alcohol continues to rise, and the industry has good development prospects.
According to the analysis of the market structure, in China, propargyl alcohol is mainly used in the synthesis of pharmaceutical raw materials and is used to produce pesticides such as prodrug and fosfomycin sodium, accounting for 62% of the demand, followed by the demand as a brightener in the electroplating field. The proportion is about 16%, and the application proportion in the field of oil extraction is about 11%. In addition to being used as an intermediate in the pharmaceutical field, propargyl alcohol can also be used to synthesize pharmaceutical-grade products such as vitamin A and propenol, which has high application demand.
According to the “China Propargyl Alcohol Industry Application Market Demand and Development Opportunities Research Report 2021-2026” released by the Industrial Research Center, Under the dual influence of the rectification of antibiotic abuse and the continued tightening of environmental protection supervision, my country’s propargyl alcohol market structure has been restructured. By 2019, the market demand for propargyl alcohol will basically remain above 5,000 tons. It reached 5,100 tons in 2019 and approximately 5,200 tons in 2020. In the first half of 2021, my country’s propargyl alcohol market demand was approximately 2,900 tons, a year-on-year increase of 7%. Although propargyl alcohol has a wide range of applications, the demand for applications is small. As the pharmaceutical and electroplating industries are affected by external policies, the demand for propargyl alcohol is difficult to rebound significantly in the short term, and there are few market development opportunities in the future.
Propargyl alcohol is mainly produced by the high-pressure acetylenic method and the low-pressure acetylenic by-product recovery method. Currently, domestic enterprises mainly use the high-pressure acetylenic method for production. However, if large-scale 1,4-butanediol production enterprises use the low-pressure acetylenic aldehyde by-product recovery method to produce propargyl alcohol, they will have a greater cost advantage.
Globally, the main producer of propargyl alcohol is BASF. There are many propargyl alcohol manufacturers in China, such as Northeast Pharmaceutical, Tianyu Chemical, Shandong Dongafengle, Henan Haiyuan Fine Chemicals, Henan Energy and Chemical Industry Group, Sanwei Group, Cathay Xinhua, etc. The designed production capacity is about 0.95 tons, but it is subject to environmental protection and other restrictions. Due to factors, some companies have stopped production, so the actual effective production capacity is about 5,000 tons. In terms of domestic propargyl alcohol production capacity and demand, my country’s propargyl alcohol market supply and demand are basically balanced, and market competition is relatively fierce.
Industry analysts said that propargyl alcohol has experienced many years of development in the domestic market, and the market is relatively mature, and the downstream market is affected by policies. In the future The demand for propargyl alcohol is difficult to increase significantly, and the overall supply and demand tend to be balanced. At present, the domestic planned production capacity of propargyl alcohol is relatively high, but due to environmental factors, the actual production capacity basically meets the demand. The market competition is relatively fierce, and the industry has no development prospects.
This article is from the Internet, does not represent the position of Toluene diisocyanate reproduced please specify the source.https://www.polyether-factory.com/archives/7931

author:

Previous article
Next article
Contact Us

Contact us

+86 - 152 2121 6908

Online consultation: QQ交谈

E-mail: sales@newtopchem.com

Working hours: Monday to Friday, 9:00-17:30, closed on holidays
Follow wechat
Scan wechat and follow us

Scan wechat and follow us

Follow Weibo
Back to top
Home
E-mail
Products
Search