In recent ten years, China's polyvinyl alcohol (PVA) industry has experienced fierce market competition and enterprise reshuffle, and the weak enterprises in the industry have continuously withdrawn and the industrial concentration has been further improved. The PVA product market is gradually concentrated in the advantageous enterprises with large production scale, high market share, strong R&D capability, advanced technology, long industrial chain, low cost and good benefits, such as Wan Wei Gaoxin, China Petrochemical Group and its subsidiaries, Taiwan Province Changchun Petrochemical Company, etc.
According to the scale of enterprise's production capacity, in 20021year, Wan Wei Hi-Tech's production capacity accounted for more than 30% of the country's total production capacity, ranking the leading position in the industry. With perfect industrial chain layout and years of market precipitation, the competitive advantage of enterprises is obvious; The overall production capacity of Sinopec (Chuanwei Chemical, Shanghai Petrochemical and Great Wall Energy) is slightly lower than that of Wan Wei Gaoxin. Other privately-run Ningxia Dida and Mongolia Shuangxin account for more than 10% of the production capacity.
Judging from the concentration of domestic polyvinyl alcohol (PVA) production capacity, in 202 1 year, the market share of CR3 production capacity was about 60%, and CR5 exceeded 80%. On the whole, China's polyvinyl alcohol (PVA) industry presents a highly concentrated enterprise competition situation, and the leading enterprises benefit obviously.
Judging from the changing trend of market concentration, in recent years, with the adjustment of industrial structure of domestic chemical industry and the tightening of environmental protection policies, some domestic PVA production enterprises have closed down or transformed downstream, which has promoted the continuous improvement of industrial concentration. The market share of the top five enterprises in the domestic polyvinyl alcohol (PVA) industry has increased from 66% in 20 17 to over 80% in 202 1 year, and the concentration ratio has obviously increased, making the leading enterprises more stable.
The competition in PVA market in Inner Mongolia is fierce.
During the development period of "Twelfth Five-Year Plan" and "Thirteenth Five-Year Plan", the central and western regions of China vigorously developed the production of polyvinyl alcohol by calcium carbide acetylene method, and the production capacity increased rapidly, gradually becoming the main producing area of polyvinyl alcohol in China. However, some domestic polyvinyl alcohol (PVA) enterprises, such as Wan Wei Gaoxin, have invested and set up factories in the west through strategic transfer, thus forming a polyvinyl alcohol (PVA) production base in China.
According to the regional distribution of polyvinyl alcohol (PVA) production capacity in China, in 20021year, the proportion of PVA production capacity in Inner Mongolia was the highest, exceeding 30%, followed by Ningxia, accounting for more than 20%, and the competition in the PVA supply market in the above areas was fierce.
Note: Some enterprises have PVA production capacity layout in several regions.
—— The above data comes from the Analysis Report on Market Foresight and Investment Strategic Planning of China Polyvinyl Alcohol (PVA) Industry by Forward-looking Industry Research Institute.