China Styrene Acrylic will usher in new development opportunities

Entering 2022, the foreign epidemic situation has not improved. Coupled with the influence of geopolitical factors, the prices of chemical bulk raw materials continue to rise, which has brought a huge impact on the Chinese coatings industry, which is in the gap between the terminal market and the raw material market. The Paint Industry Association issued a profit warning for China's paint industry, requiring close attention to profit and other operating conditions, and timely adjustment of business strategies according to fluctuations in the upstream raw material market.

For the Styrene Acrylic (Styrene Acrylic emulsion) industry, the coating industry itself has a greater right to speak, and under the profit red line, the resistance to the increase in the price of Styrene Acrylic increases. However, the main raw material of Styrene Acrylic, due to the reasons of supply and account period, has gradually increased the right to speak. In the past three years, outside the industry, Styrene Acrylic have been under the attack of upstream and downstream, and inside the industry, Styrene Acrylic have been in fierce competition with serious homogeneity and continuous expansion of production.

In the new environment, opportunities and challenges coexist. From the upstream point of view, first, the global acrylic acid industry has accelerated its transfer to China. In 2021, the global acrylate production capacity will be nearly 6.9 million tons, of which 3.5 million tons will come from China, accounting for more than 50%. From the perspective of major global manufacturers, iSuoChem will gradually overtake Dow Chemical and become the world's top acrylate supplier with the launch of new production capacity of chemical butyl acrylate in our supply chain in 2022. The aging equipment and frequent accidents in the acrylic industry in Europe and the United States have driven the active export of acrylic acid and ester in China, and the acrylic industry in China has developed steadily.

In the next five years, 2.92 million tons of new production capacity will be released for Styrene Acrylic. While meeting domestic demand, it is also actively developing into mid-to-high-end and specialized new fields, and actively exporting to the outside world, driving the rapid and healthy development of the entire industry.

P.S.: #iSuoChem can supply the whole Acrylic series, including Water-based Styrene acrylic emulsion, Water-based solid acrylic resin, Water-based low VOC emulsioin, and Thermoplastic acrylic resin powder.