Supply status of polyvinyl alcohol (PVA) market in 2022

Polyvinyl alcohol (PVA) is an organic compound and an important chemical raw material. The appearance is white flake, flocculent or powdery solid and tasteless. It is used to manufacture polyvinyl acetal, gasoline resistant pipeline and vinylon synthetic fiber, fabric treatment agent, emulsifier, paper coating, adhesive, glue, etc.

China's PVA production capacity tends to be stable

In the 21st century, the domestic polyvinyl alcohol (PVA) industry has developed rapidly, and the blind expansion of production capacity has led to the increasingly prominent problem of overcapacity. During the "13th five year plan" period, under the guidance of the industrial structure adjustment and upgrading policy, the domestic PVA industry has an obvious trend of de capacity, successively shutting down or permanently shutting down a number of enterprise capacity, involving an annual production capacity of more than 300000 tons. By 2021, the total production capacity of polyvinyl alcohol (PVA) in mainland China is about 996000 tons (excluding Taiwan).

The total capacity of PVA in Asia accounts for 93% of the total capacity of the world, and the capacity of PVA in China accounts for 61.2% of the total capacity of Asia and 56.9% of the total capacity of the world. Japan's PVA production capacity accounts for 35.83% of the total in Asia and 33% of the total in the world.

According to the production process, China is dominated by calcium carbide method, while Japan is dominated by ethylene method. Globally, CR3 accounts for only 35.3%, and Cr5 accounts for 51.3%. The industry concentration is relatively high.

At present, there are 7 domestic enterprises that retain the production capacity of polyvinyl alcohol (PVA). In 2021, the nominal PVA production capacity of wanwei hi tech ranked first in the industry. Based on the perfect industrial chain layout and years of market precipitation, the enterprise has obvious competitive advantages; Secondly, SVW chemical's nominal annual PVA production capacity is 160000 tons, second only to wanwei hi tech; Ningxia Dadi, Mongolia Shuangxin and Taiwan Changchun group all have an annual production capacity of more than 100000 tons.

Fluctuation and growth of PVA production scale in China

According to the data of vinylon Professional Committee of China Chemical Fiber Industry Association, the overall output of polyvinyl alcohol (PVA) in China showed a fluctuating growth trend from 2010 to 2021. From 2010, the national output of PVA was 551700 tons, and the output in 2021 exceeded 800000 tons, with a compound growth rate of about 4%.