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Chinese Markets for Amino Resin
AMID Co, Jan 2002, Pages: 145
China's demand for amino resin has grown at a fast pace in the past decade. In the next five years, both production and demand will continue to grow. This report examines China's macroeconomic trends, investment environment, amino resin industry structure and capacity, production and demand, end-use market consumption trends, distribution channels and trading companies, major research institutes and principal industry participants. Long-term forecasts for major amino resin production and demand are included. Key Chinese amino resin producers are profiled and listed in the producer directory section.
Both primary and secondary research was done in China in order to access up-to-date government publications, market information and industry data. Data was collected from the Chinese government publications, Chinese chemical industry associations including Chinese amino resin industry associations, local government's chemical industry bureaus, amino resin industry publications, and our in-house databases. Interviews were conducted with Chinese industry experts, university professors, and amino resin producers in China.
China’s two-decade high economic growth has spurred the rapidly rising consumption of amino resin. Since 1990, the country’s amino resin consumption has grown 15.8% annually. In 2000, the consumption of amino resin increased to 103,900 metric tons and Chinese domestic production reached 81,000 metric tons. China’s demand for amino resin is forecast to advance to 166,000 metric tons by the year 2005. As demand is advancing at a rapid pace, China strives to increase its amino resin output, which is forecast to rise to 201,000 metric tons by the year 2010. Growing by 13.9% annually, amino resin imports increased to 25,800 metric tons in 2000. Despite new facility construction and capacity expansions, China’s amino resin demand will continue to outstrip supply. The country will continue to depend upon amino resin imports through the next century.
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