1、 Introduction to paste Resin
As the name implies, polyvinyl chloride (PVC) paste resin is mainly used in the form of paste. People often call this paste plasticizing paste, which is a unique liquid form of PVC plastic in the unprocessed state. Paste resin is usually prepared by lotion and micro suspension methods. Because of its fine particle size, PVC Paste Resin has a texture like talcum powder and is non-flowing. PVC paste resin is mixed with Plasticizer to form a stable suspension, which is made into PVC paste, or PVC plastisol, and it is in this form that people use to process into final products. In the process of making paste, various fillers, thinners, heat stabilizers, foaming agents and light stabilizers are added according to the needs of different products. The development of PVC paste resin industry provides a new type of liquid material that can be transformed into PVC products only after heating. This liquid material is easy to configure, stable in performance, easy to control, easy to use, excellent in product performance, good in chemical stability, and has certain mechanical strength, easy to color, etc., so it is widely used in the production of artificial leather, enamel toys, soft trademarks, wallpaper, paint coatings, foam plastics, etc.
2、 Policy environment analysis
The domestic economy has entered the stage of high-quality development from high-speed development, and the domestic industrial policy has increasingly strict regulation and restriction measures on the industrial development, with the supply-side structural reform as the core, the elimination of excess capacity as the focus, and the energy conservation and carbon reduction as the guide, including a series of policy adjustments such as outdated capacity elimination, clean production, safety, and environmental protection. Since September 2020, the "carbon peak, carbon neutral" policy and energy conservation and carbon reduction Key policies such as electricity price adjustment have had an important impact on the industry. In the future, domestic policies will be adjusted closely around high-quality development, and the development of domestic paste resin industry will enter an important window period from scale growth to quality improvement.
3、 Economic environment analysis
The downstream application fields of PVC paste resin products are rich, covering many fields of the national economy. It is greatly affected by the macroeconomic situation, and the industry cycle is basically consistent with the operation cycle of the whole macroeconomic. China's GDP has shown a rising trend over the years. In 2021, China's GDP has reached 114367 billion yuan, with a year-on-year growth rate of 12.56%.
According to the import and export situation of China's PVC industry in 2021, China's PVC industry is currently in a pattern of oversupply. In terms of import and export, China's export volume of PVC will be greater than the import volume in 2021, and the total import and export volume will be dominated by trade surplus. According to the data, China's PVC exports totaled 2.094 million tons in 2021, with an export value of 2.84 billion US dollars; The total import volume is 561000 tons, and the import amount is 880 million dollars.
4、 Social environment analysis
In recent years, China's paste resin industry has experienced overcapacity due to a large number of new enterprises entering the industry. The profit space of most enterprises has been squeezed, and the supply of paste resin products in some regions has exceeded the demand. Affected by the supply-side reform in 2016-2018, the price of PVC paste resin rose, and enterprises entered a new round of expansion cycle. With the fall of the price, the production capacity of PVC paste resin decreased in 2019. In 2020, affected by public health emergencies, the sudden increase in downstream demand led many enterprises to expand their production. In 2020, the production capacity rose to 1.42 million tons, and the operating rate reached 81%.
5、 Technical patent analysis
During the period from 2013 to 2020, the number of PVC patent applications in China continued to rise, and declined in 2021. The number of patent applications was 21267, down 21.75% year on year. From 2022 to now, the number of China's paste resin patent applications was 9296. The domestic economy has entered the stage of high-quality development from high-speed development, and the domestic industrial policy has increasingly strict regulation and restriction measures on the development of the industry, with the supply-side structural reform as the core, the elimination of excess capacity as the focus, and energy conservation and carbon reduction as the guide, including a series of policy adjustments such as the elimination of outdated capacity, clean production, safety, and environmental protection. In the future, domestic policies will be adjusted closely around high-quality development, and the development of domestic paste resin industry will enter an important window period from scale growth to quality improvement. Opportunities and challenges coexist. In order to meet the challenges, major enterprises need to constantly strengthen scientific and technological research and development, focus on high-end and characteristic products, and improve their international competitiveness.
