Diversity of oil chemicals in Southeast Asia

2022-06-25
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"Diversification" of oil chemicals in Southeast Asia due to the abundant supply of raw materials, Southeast Asia is expected to become the center of the oil chemicals industry. Frost & Sullivan company of the United States recently released a research report that at present, the oversupply of fatty acids and fatty alcohols in Southeast Asia has begun to appear, the prospect of the natural glycerol market is still uncertain, and the refined glycerol market is in the growth stage. Facing more and more challenges, governments in Southeast Asia are pursuing product diversification strategies and continuously developing downstream derivatives

the oil chemical industry in Southeast Asia uses renewable raw materials such as palm oil, palm kernel oil and coconut oil, which is a capital intensive and export-oriented industry. Southeast Asia is located at the junction of the Pacific Ocean and the Indian Ocean. The suitable soil and climate make the supply of palm oil, palm kernel oil and coconut oil stable in this region. The favorable geographical location is more conducive for Southeast Asian oil producing countries to export products to countries around the Pacific Ocean and the Indian Ocean. At the same time, the low exchange rate currencies and sufficient and cheap labor costs of Southeast Asian countries have also attracted a large number of foreign investment, which makes it possible to become the center of the world oil chemical industry

the development of oil chemical industry in Southeast Asian countries is slightly different. Malaysia is the largest producer of oil chemicals in the world, and the output of oil chemicals accounts for 20% of the global total. However, at present, the low-cost planting area in Malaysia is very limited. Therefore, the oil palm planting industry mainly replaces the old oil palm trees that no longer bear fruit with new hybrid oil palm trees, and gradually extends overseas to maintain the production of crude palm oil. In view of the increasing global demand for natural oil chemicals 2 and the repeatability of environmental conditions, the Malaysian government encourages the development of oil chemicals and their downstream derivatives. The main problem faced by the oil chemical industry in the Philippines is the lack of large-scale planting industry, which can not guarantee the continuous supply of raw materials. Therefore, although the oil chemical industry in the Philippines has made continuous progress in diversification and production technology, its output has not increased significantly. Indonesia's oil chemicals industry plays an important role, mainly producing two basic oil chemicals, fatty acids and fatty alcohols. The government also encourages the diversified development of products and the development of downstream processes

at present, the oil chemical market in this region has shown a trend of polarization: on the one hand, due to insufficient investment in new product R & D 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 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 acids for food processing

welcome the arrival of a new era in the field of materials. In the future, the development of the oil chemical industry in Southeast Asia will face the challenge of biodiesel industry that also uses palm oil, coconut oil and other vegetable oils as raw materials. The by-product of biodiesel is natural glycerin. The rapid development of biodiesel industry leads to overcapacity of natural glycerin. It is urgent to expand new application fields. However, due to the large profit margin, although refined glycerine needs a lot of investment in terms of energy, technology and labor cost, its market prospect is still good. At the same time, the contradiction between the oversupply of fatty acids and fatty alcohols in the market is becoming more and more prominent

in the next two to three years, the high prices of raw materials and energy will dilute the profits of market participants. Due to the rapid development of oil chemical industry and biodiesel industry, the price of oil chemical raw materials has a continuous rising trend. In addition, the production of oil chemicals needs to go through the processes of cracking, refining and distillation, which requires a lot of energy. In the medium and long term, due to the expected increase in the international oil price, the energy cost required for production may rise, posing a severe challenge to the oil chemical industry

more and more strict environmental protection regulations will also affect the development of oil chemicals industry in Southeast Asia. Europe has always been one of the important export markets of oil chemicals in Southeast Asia. With the implementation of REACH regulations, exporters need to carry out more stringent tests or develop new products to enter the EU market, which undoubtedly increases the production and testing costs of oil chemicals. However, this has also brought new opportunities for oil chemical manufacturers: as industrial users are not allowed to use the chemicals prohibited by reach, they have to find suitable substitutes, and the oil chemical manufacturers who first provide products with appropriate prices will benefit from it

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