ResearchInChina was established in 1999, has become one among the leading independent providers of China business intelligence.
Its “ Global and China Biodegradable Plastics Industry Report 2013-2016” covers supply and demand, product mix, regional structure, competition pattern, development trends of global biodegradable plastics market, policies and development trends of the Chinese biodegradable plastics market, as well as business analysis and development plans of more than 20 domestic and foreign biodegradable plastics manufacturers.
Global biodegradable plastic production and demand have grown rapidly in recent years, and the capacity reached 1-1.5 million tons per annum in 2012-2013. Among dozens of biodegradable plastic varieties developed so far, only plastarch material (PSM), polylactic acid (PLA) and polybutylene succinate (PBS) have realized mass industrial production. In 2013, PSM, PLA and PBS accounted for 87% of the world’s total capacity.
In 2013, demand from Europe and North America, the two main biodegradable plastic markets around the world, for biodegradable plastics accounted for 54% and 28%, respectively. Germany-based BASF, U.S.-based NatureWorks, a JV between Cargill USA and Thailand’s PTT Chemical, Italy’s Novamont as well as the Netherlands-based Corbion-Purac are the world’s major suppliers of biodegradable plastics, with capacity of 140 kt/a, 140 kt/a, 80 kt/a, 80 kt/a, respectively.
China as one of the world’s important suppliers of biodegradable plastics accounts for about 20% of the global production capacity. In 2009-2013, its biodegradable plastic capacity grew at a compound annual growth rate of over 21%. And, under the stimulus of favorable national policies as well as expanding range of applications, many domestic enterprises have embarked on new capacity or expansion projects for biodegradable plastics.
As a leader in domestic plastics industry, Kingfa Sci & Tech Co., Ltd. mainly produces modified plastics, specialty engineering plastics, completely biodegradable plastics, carbon fiber and composite materials. Since 2011 it has been operating a capacity of 30,000 tons per annum of polybutylenes succinate (PBS) and polybutylene succinate adipate (PBSA) in Zhuhai in 2011.
A Phase II 90,000 tons per annum PBSA expansion project is expected to be launched son. Meanwhile, Kingfa is also fostering downstream demand expansion. The company has signed biodegradable plastic mulch demonstrative application agreements with Xinjiang Production and Construction Corps, Guizhou, Shandong and other provinces and cities in early 2014.
Wuhan Huali Environment Technology Co., Ltd is a national biodegradable material industrial demonstration base, mainly engaged in PSM, ranking first in China’s biodegradable plastics industry with 40,000 tons per annum of PSM in 2013. The company is expanding capacity by 60,000 per annum of PSM expected to on stream by mid-2014.
China’s domestic producers are thus waking-up rapidly to play a role on the global map of biodegradable bioplastics producers and cope with the fast growing pace of domestic demand.