Carbolic acid oil market demand continues to rise, Asia is the main market

Carbolic oil, also known as phenolic oil, is a by-product of delayed coking. Its composition is relatively complex and mainly contains aromatic, hydrocarbon, phenolic compounds and other components. Among them, the content of phenolic substances is relatively high, mainly phenol and Mainly cresol. The carbolic acid oil on the market is made through hydrogenation and refining, and the product stability is relatively high.

Carbolic acid oil is currently mainly used in the extraction of phenol and plastic production, of which the former has a higher application demand, reaching more than 90%. In the consumer market, carbolic oil can be divided into many types according to different phenol contents. Currently, it mainly exists in three forms in the market: phenol content less than 70%, phenol content 70%-90% and phenol content greater than 90%. Among them, phenol Products with a content of 70%-90% have higher output and a market share of approximately 77%.

According to the “China Petroleum Oil Industry Application Market Demand and Development Opportunities Research Report 2021-2026” released by the Industrial Research Center, in In terms of application demand, Asia-Pacific and Europe are currently the main consumption areas of carbolic acid oil, with Asia-Pacific accounting for approximately 74% and Europe accounting for approximately 15%. As the largest developing country in the Asia-Pacific region, China has a high demand for carbolic acid oil and has huge development potential in the domestic market. It is expected that in the future, driven by the demand from developing countries in the Asia-Pacific region, global carbolic acid oil production will show a growth trend and reach 238,000 tons by 2025.

As the development of the global carbolic acid oil industry tends to stabilize, the carbolic acid oil market size is expected to show a small increase in the next few years. In 2019, the global carbolic acid oil market size was approximately 2.1 billion yuan, and will reach 2.2 billion yuan by 2025. The overall growth rate is small. .

In terms of production, there are currently many companies that can produce carbolic acid oil. Representative companies include Sunshine Coking, Koppers, Weijiao Holdings, DEZA, RUTGERS, etc. Among them, RUTGERS is currently the largest production company in the world, with a market share of approximately 12%. It can be seen from this that the concentration of the carbolic acid oil market is low, but leading companies in the international market have already emerged. In the domestic market, due to the scattered coal tar production and deep processing enterprises, the carbolic acid oil market concentration is low. However, under the background of stricter environmental protection supervision in recent years, some small-scale enterprises have gradually withdrawn from the market because they do not have competitive advantages. Therefore, the concentration of the domestic carbolic acid oil market has gradually increased.

Industrial analysts said that my country is currently the world’s largest producer of carbolic acid oil, with high production capacity and level, and the industry is now mature. The degree is relatively high, supply and demand tend to be balanced, and market development opportunities are small. From the perspective of the global market, the market demand for carbolic acid oil will remain stable in the future, with little possibility of substantial growth. Market demand and scale may remain current. Generally speaking, the carbolic acid oil industry is relatively mature, and there are relatively few development opportunities in the domestic and global markets in the future.