China's pipe-grade PP output is expected to gain by approximately 4.31% year on year in 2024, powered by the commencement of new capacities, as reported by OilChem based on the progress of proposed projects.
Totaling 10.255 million tonnes/year, China will see a significant increase in PP capacity in 2024, especially the notable rise in South China.
Source: OilChem
China's pipe-grade PP output hiked by 20.52% year on year to 1,006,600 tonnes in 2023, bolstered by the improvement of terminal demand, such as municipal construction, irrigation and drainage, under the national policy support and economic recovery in China.
Source: OilChem
2021-2023 China Pipe-grade PP Output (Unit: '000 tonnes)
Year |
Pipe-grade PP |
PPR |
2021 |
976.6 |
701.2 |
2022 |
835.19 |
620.38 |
2023 |
1,006.6 |
787.9 |
Source: OilChem
As for the downstream field, PPR pipes are widely used in construction, agriculture and municipal projects, and its demand is anticipated to constantly move up in the next five years due to a good industry outlook, benefiting from terminal industry development, the policy support of the real estate industry and the improvement of the living environment.
Written by Ariel Guo, gq@oilchem.net
Edited by Navy Liu, liuchuanjun@mysteel.com