Domestic companies are accelerating to seize market share of VAE emulsion (EVA latex), and the industry development trend is improving.

VAE emulsion, also known as EVA latex, the full name is vinyl acetate-ethylene copolymer emulsion, which refers to a polymer emulsion that uses vinyl acetate and ethylene monomer as raw materials and is copolymerized through emulsion polymerization. VAE emulsion has the advantages of fast bonding speed, high bonding strength, safety and non-toxicity, good adhesion, good weather resistance, strong low temperature resistance, good flexibility, strong acid and alkali resistance, etc. It is widely used in papermaking, adhesives, It is widely used in exterior wall insulation coatings, building waterproof coatings, composite packaging materials, cement modifiers, non-woven manufacturing and other fields.

Among them, adhesives and architectural coatings are the main application areas of VAE emulsion. At present, under the background of the continuous increase in the total output value of the domestic construction industry and the continuous expansion and development of adhesive application fields, the market demand for adhesives and architectural coatings continues to increase, which in turn drives the demand for VAE emulsions to continue to grow and the scale continues to rise.

Specifically, domestic adhesive production in 2022 will be close to 8 million tons, a year-on-year increase of about 8.7%; according to data from the National Bureau of Statistics, the total output value of the national construction industry in the first three quarters of 2022 was 20.6 trillion yuan, which was the same as the same period last year. A year-on-year increase of 7.8%. In this context, according to the“In-depth Market Research and Investment Strategy of the EVA Latex (VAE Emulsion) Industry in 2023-2028” released by the Industrial Research Center The Recommendation Report shows that my country has become one of the major consumers of VAE emulsion in the world. The domestic VAE emulsion market size will exceed 9 billion yuan in 2022, and the industry development prospects are good.

With the rapid development of the domestic VAE emulsion market, many companies are accelerating their deployment in this field and expanding production capacity to seize market share. Companies in the domestic VAE emulsion market include Dongfang Petroleum, Chuanwei Chemical, Dalian Chemical, Wanwei Group, Celanese of the United States, DuPont of the United States, Wacker of Germany, Sumitomo of Japan and other companies with relatively long development histories, as well as Dongfang Yuhong, Wanwei High-tech and other new market-entering enterprises.

Facing the current hot market demand, domestic VAE emulsion production is being expanded one after another. For example, in July 2021, Oriental Yuhong planned to invest 2.5 billion yuan in building a VAE emulsion project with an annual output of 400,000 tons. In October 2021, Wanwei High-tech Materials launched a new The project to produce 60kt of high-quality VAE emulsion and the capacity expansion project of Sichuan Wei Chemical with an annual output of 60,000 tons of VAE emulsion were approved by Sinopec in June 2022. In the future, as local companies accelerate their efforts to seize market share, the competitiveness of the domestic VAE emulsion market will continue to increase, and high-endization will be the main direction of future development of the industry.

Industry analysts said that VAE emulsion is a type of polymer that is widely used. Driven by the rapid development of the construction and adhesive markets, domestic demand for VAE emulsions continues to increase and its scale continues to expand. At the same time, with the current domestic VAE emulsion industry showing good development prospects, local companies have begun to deploy in this field, the number of companies is increasing, and the market competition is gradually becoming more and more prominent. In the future, under fierce market competition, only high-end, high-performance VAE emulsion products can stand out from the competition. Therefore, local companies still need to speed up the research and development process of high-end products, and there is huge room for industry growth.