The hottest oil and chemical market in Southeast A

2022-09-21
  • Detail

Southeast Asia oil chemical market: the world's well-known growth consulting company frost Sullivan (Frost Sullivan) recently published a research report, which believes that the Southeast Asia fatty acid and fatty alcohol market has become mature, and the prospect of the natural glycerin market is still uncertain. Change 1 extensive plastic granulator into a combined and intelligent plastic granulator, and the Refined Glycerin Market is in the growth stage, The prospect is promising

types and applications of oils

animal fats and oil plants are the main sources of oil chemicals. It is similar to petroleum chemicals in that oil and fat are obtained by hydrolysis or alcoholysis. Five basic oil chemicals include fatty acids, fatty alcohols, glycerol, fatty acid methanol and fatty nitrogen compounds. These basic oil chemicals are called the basic raw materials of the chemical industry. Malaysia, Indonesia, Thailand and the Philippines are the major producers of oil chemicals in Southeast Asia

Southeast Asia is located at the junction of the Pacific Ocean and the Indian Ocean, with a subtropical climate. Suitable soil and climate make the supply of palm oil, palm kernel oil and coconut oil stable in the region. The favorable geographical location is more conducive to the export of oil producing countries in Southeast Asia to countries around the Pacific Rim, the Far East and the Indian Ocean. The low exchange rate currencies and sufficient and cheap labor costs of Southeast Asian countries have also attracted a large number of foreign investment. Over time, Southeast Asian countries are expected to become one of the centers of the world's oil and chemical industry

development of oils and fats in Southeast Asia

oils and fats Chemicals in Southeast Asia mainly include fatty acids, glycerol, methyl esters and fatty alcohols. The oil chemical industry in Southeast Asia started in the 1980s. In 1980, Southeast Asia imported 15000 tons of oil chemicals. As Malaysia and Indonesia began to vigorously develop palm oil related industries, the Philippines also began to develop coconut oil related industries. The output of oil chemicals in Southeast Asia has also put forward new challenges, with a steady increase and a gradual reduction in the number of imports

the oil chemical industry in Southeast Asian countries is capital intensive and export-oriented, using renewable energy and environmental friendly raw materials, such as palm oil, palm kernel oil and coconut oil. At present, the oil chemical market in this region has shown a polarization trend. On the one hand, due to the insufficient investment in new product research and development and the lack of partners to jointly develop downstream products, local manufacturers still focus on the production of basic oil chemical products. On the other hand, foreign manufacturers rely on their advanced technology and equipment to produce high-end oil chemicals in Southeast Asia, such as amphoteric and anionic surfactants, raw materials for personal care products, and fatty acid esters for food processing

Malaysian oil chemical products started in early 1980. The first local company called IOI oil chemicals produced 10000 tons of fatty acids and glycerol. Since then, the oil chemical industry has developed rapidly in Malaysia

nowadays, the cheap planting area in Malaysia is very limited. Therefore, its oil palm planting industry mainly uses new hybrid oil palm trees to replace the old oil palm trees that no longer bear fruit to maintain the production of crude palm oil. At the same time, the planting industry has been extended overseas, mainly in the Philippines and Indonesia

at present, Malaysia is the largest producer of oil chemicals in the world, and its output of oil chemicals accounts for 20% of the global output

palm oil based industry and chemical industry are the main investment areas encouraged by the Malaysian government, enjoying a large number of preferential investment policies. In view of the increasing global demand for natural oil chemicals, the Malaysian government encourages the development of oil chemicals and their downstream value-added derivatives, such as detergent, cosmetics, food, etc

the main problem of the Philippines' oleochemical industry is the lack of large-scale planting industry, so the continuous supply of raw materials cannot be guaranteed. Although the oil chemical products have made continuous progress in diversification and production technology, the oil chemical industry in the Philippines has not significantly improved in output

Indonesia mainly produces two basic oil chemical products: fatty acids and fatty alcohols. The country's oil and chemical industry is quite strong, and the industry related to palm oil has become a pivotal industry like oil and chemical industry. At the same time, the Indonesian government strongly encourages the diversified development of products and the development of downstream processes

Thailand's development in the oil chemical industry is almost synchronized with Malaysia

however, the future development of oil chemicals in Southeast Asia will still be affected by uncertain factors such as the development of biodiesel industry, rising production costs and the implementation of stricter environmental protection regulations by the European Union

the development of oil chemical industry has encountered the challenge of biodiesel industry, which also uses palm oil, coconut oil and other vegetable oils as raw materials. As the by-product of biodiesel is natural glycerin, the rapid development of biodiesel industry has led to overcapacity of natural glycerin and affected the natural glycerin market, resulting in imbalance between supply and demand and price pressure of natural glycerin

the production of oil chemicals requires cracking, refining, distillation and other processes, which requires a lot of energy. In the medium and long term, due to the expectation that the international oil price will rise again, the energy cost required for production is likely to rise, which will further raise the production cost and pose a severe challenge to the oil chemical industry

Europe has always been one of the important markets for the export of oil chemicals in Southeast Asia. Since 2008, all oil chemical industries exported to Europe must comply with REACH regulations. Export manufacturers need to conduct more rigorous tests or develop new products to meet this requirement. This undoubtedly increases the cost of oil chemicals production and testing. However, the reach regulation also brings new opportunities for oil chemical manufacturers: since industrial users are not allowed to use chemicals prohibited by the reach regulation, they have to find suitable substitutes. And first of all, manufacturers who provide products with appropriate prices will benefit from the continuous improvement of national standards

market outlook

palm oil is the most important raw material of vegetable oil. Compared with other vegetable oils, palm oil has the lowest production cost. However, in recent years, in addition to the establishment of new materials research and development center, due to the rapid development of oil chemical industry and biodiesel industry, palm oil is in short supply, and the shortage of raw materials has led to the continuous rise in prices. As the world's largest supplier of palm oil, Malaysia's oil palm planting area is close to saturation; The palm planting area in Indonesia needs to be further expanded. Capital has already entered Indonesia to invest in palm planting. It is expected that the price of palm oil and other oil chemicals raw materials will continue to rise against the backdrop of the increase in global demand for oil chemicals

due to the abundant supply of raw materials, Southeast Asia will become the production place of fatty acids, fatty alcohols and refined glycerol. However, the oversupply of fatty acids and fatty alcohols in the market has attracted the attention of the industry. In the next two to three years, high priced raw materials and energy will dilute the profits of market participants

the oil chemical market is also facing the supply and demand changes of laurel oil caused by the shortage of laurel oil (palm kernel oil and coconut oil). The rapid development of new fatty acid and fatty alcohol manufacturers in China, India and other countries has led to an increase in the demand for laurel oil. This new demand will cause a shortage of supply in the near future

the prospect of natural glycerin in Southeast Asia is still uncertain. The excess production of natural glycerin will certainly reduce the price of glycerin. Expand new application fields of glycerol in order to digest excess production. On the contrary, due to the large profit space, although Refined Glycerin requires a lot of investment in terms of energy, technology and labor cost, its market prospect is still good

note: the reprinted content is indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content

Copyright © 2011 JIN SHI