According to monitoring, as of now, China's total polypropylene production capacity is 39.24 million tons. As shown in the above figure, China's polypropylene production capacity has shown a steady growth trend year by year. From 2014 to 2023, the growth rate of China's polypropylene production capacity was 3.03% -24.27%, with an average annual growth rate of 11.67%. In 2014, the production capacity increased by 3.25 million tons, with a production capacity growth rate of 24.27%, which is the highest production capacity growth rate in the past decade. This stage is characterized by rapid growth of coal to polypropylene plants. The growth rate in 2018 was 3.03%, the lowest in the past decade, and the newly added production capacity was relatively low that year. The period from 2020 to 2023 is the peak period for polypropylene expansion, with a growth rate of 16.78% and an additional production capacity of 4 million tons in 2020. 2023 is still a year of significant capacity expansion, with a production capacity of 4.4 million tons currently in operation and a capacity of 2.35 million tons still to be released within the year.
Post time: Oct-13-2023