Session Details
Session 5: Sustainability & Fibers
While maneuvering through challenging market conditions, the users of Acrylonitrile are gearing up to provide more sustainable products to their customers. How can the resulting need for sustainable Acrylonitrile be filled? Join Trillium on its quest to deliver the answer. This presentation will feature the latest milestones achieved and the roadmap to commercialize this groundbreaking technology.
Ongoing macroeconomic challenges in recent years have kept the global nylon industry under pressure. In this speech, we will explore the current market conditions of the nylon industry – including its supply and demand dynamics, inter-regional trade flows, cost drivers, competitiveness as a material of choice in the marketplace, mainland China’s influence on the sector, and near-term challenges and outlook.
During 2024 the expectation of significant improvement in the business climate is yet to be realized and the concerns of weak demand in the global textile value chain have persisted. For both polyester and cotton producers, margins remain under pressure, while prices fall short of production costs for many producers. Join us as we share our view on how long we expect weaker demand and lower prices to persist and if a recovery is in the horizon.
Session 6: Butadiene Industry Perspectives
Global industries are extremely concerned about sustainability with good reason. No one wants to contribute to a deteriorating planet. In the C4 olefins value chain, sustainability is a complex technical and economic challenge. In this presentation we analyze the current state of the industry and the reasons sustainability is such a daunting challenge. We will also take a look ahead at potential parts of the solution.
Butadiene margins have historically driven economics and operating rates of butadiene extraction plants, whereas the resulting C4-raffinate-1 stream was usually a by-product with relatively stable pricing and outlets. In recent years, by-product C4 raffinate-1 became a star product as prices surged while butadiene margins were depressed. Prices of MTBE, the main isobutylene derivative, were boosted by tight markets for high-octane gasoline components. Longer term, the outlook is more depressed, as the electrification of the global vehicle fleet will result in lower gasoline demand and thus substantially reduced MTBE demand. What is the outlook for demand in the near future and longer term? What options will butadiene producers have in the future as outlets for C4-raffinate streams?
Natural Rubber totol demand growth is estimated to increase by 2.5% in 2024, further grow by 2.9% in 2025, and to grow by an average of 2.3% beyond 2024, reaching 17.37 million tones in 2031. Natural rubber production is expected to recover by 3.0% in 2024. It is estimated to grow on an average of 2.1% during the 2023-31 period and reach 16.73 million tones by 2031. Consumption (demand) growth (2.3%) will outpace production (supply) growth (2.1%) for the coming year, leading to potential medium to long-term rubber supply shortages.
Synthetic rubber is a commodity product that is tightly related to both feedstock materials and supply demand balance. As the direct impact of COVID-19 abated, we expected the global demand to recover gradually. However, the pace of demand improvement was slower than anticipated and varied by region, challenged by geopolitical issues, downgraded consumer spending power, and slow economic growth. Coupled with the volatile butadiene market prices in Asia this year, synthetic rubber market dynamics have been shifting to adjust to the changes and uncertainties in all related industries. How to survive, and how to thrive?
Joseph Adelegan
Secretary General and Executive Head International Rubber Study Group
Read BioWeixuan He
Research Analyst, C4s & Elastomers Chemical Market Analytics by OPIS
Read BioBill Hyde
Vice President, Olefins and Elastomers Chemical Market Analytics by OPIS
Read BioZhengyi Jiang
Head of Economics, Statistics, & Sustainability International Rubber Study Group
Read BioRemko Koster
Executive Director, EMEA C4 Olefins Chemical Market Analytics by OPIS
Read BioDawn Leow
Associate Director, Nylon Fiber and Feedstocks Chemical Market Analytics by OPIS
Read BioKevin Longworth
Executive Director, Global Acrylonitrile Chemical Market Analytics by OPIS
Read BioSimon Neudeck
Head of Commerical Activities Trillium Renewable Chemicals
Read BioDavid Onyekpe
Sr. Research Analyst Global Olefins Chemical Market Analytics by OPIS
Read BioAshish Pujari
Vice President, Asia Aromatics & Fibers Chemical Market Analytics by OPIS
Read Bio