Post Buying Request
Home > Industry News > An Overview of the Vinyl Acetate (VAC) Industry in China

An Overview of the Vinyl Acetate (VAC) Industry in China

An Overview of the Vinyl Acetate (VAC) Industry in China2019.06.05

Vinyl acetate (VAC) is an important organic chemical raw material, which can be widely used in the production of polyvinyl acetate (PVAC), polyvinyl alcohol (PVA), paint, adhesive, vinylon, film, vinyl copolymer resin, acetal resin and other chemical products.


At present, there are two major VAC production methods in China, namely, acetylene and ethylene methods. Acetylene accounts for 63.89% of the total production capacity while ethylene accounts for 36.11%.




Thanks to the rapid development of the downstream industries, the production output of VAC in China has been rising steadily since 2009. And in 2018, the VAC output reached about 1.97 million tons, and in the past ten years, the VAC output in China has seen an annual compound growth rate of 11.4%.




Due to the influence of environmental protection limits and supply-side structural reform, China's vinyl acetate production capacity of various regions of changed greatly. Inner Mongolia is currently the largest producing region of vinyl acetate in China, with a production capacity of 720,000 tons per year, accounting for 21.70% of the total production capacity.




In terms of imports and exports over the past decade, China's VAC imports have remained relatively stable but have declined after 2013, while VAC exports have surged since 2014. The main reason is that the domestic production technology of vinyl acetate in China is becoming mature to meet the needs of high-end products, and the competitiveness in the international market is gradually enhanced. But in general, there is still a significant import dependence for high-end products due to the technological advantages of the imported products.




As an important basic chemical products, VAC is widely used in downstream industries. In 2018, the market size for the vinyl acetate has reached 15.47 billion Yuan, seeing a 16.2% YoY growth.




It is conclude that though the VAC has seen a rapid development in China in the recent years, production equipment still mainly uses the acetylene method which may result in higher cost and more pollutions to the environment. And some high-end products still rely on imports from other countries.


In the future, China will eliminate the backward production capacity and realize the diversity of products. At the same time, it  will vigorously develop the integration of upstream and downstream industry chain to avoid business risks and realize maximum benefit. 

Tag
Share It : An Overview of the Vinyl Acetate (VAC) Industry in China An Overview of the Vinyl Acetate (VAC) Industry in China An Overview of the Vinyl Acetate (VAC) Industry in China An Overview of the Vinyl Acetate (VAC) Industry in China