The terminal of PVC Paste Resin is mainly composed of artificial leather and gloves. Artificial leather market: It is a mixture of PVC paste Resin, plasticizers, and other additives, coated or adhered to fabrics, and processed to produce finished products. Glove Material Market: PVC gloves are widely used in hygiene inspections, food industry, chemical industry, electronics industry, pharmaceutical industry, paint and coating industry, printing and dyeing industry, agriculture, forestry, animal husbandry and other industries for labor protection and household hygiene. Wallpaper market: With the continuous improvement of people's living standards, the development space of wallpapers, especially high-end decorative wallpapers, is constantly expanding. The demand for wallpaper in hotels, entertainment venues, and some household decorations is constantly expanding.
Before the epidemic in 2019, gloves were the main downstream of PVC paste resin, accounting for about 29%. The public health events in 2020 affected the demand for matching materials in the market, accounting for about 43%. In 2023, the demand for leather materials and wallpaper markets was poor, and this year's proportion has decreased compared to previous years. In 2023, the proportion of PVC gloves has slightly improved compared to non epidemic years, and is expected to be around 32%.
With the steady development of the domestic economy and the continuous improvement of people's living standards, PVC paste resin has become an important product in the PVC industry. The demand for PVC paste resin in the domestic market has great development space, especially in the application of soft products, automobiles, construction, electronics, etc. It has unique advantages, as well as advantages such as simple processing technology, low production costs, and high enterprise profits, With the gradual maturity of technology and the improvement of quality, the application field of PVC paste resin continues to expand.
Downstream glove materials are mainly distributed in Shandong, Hebei, and Jiangsu regions, so North China accounts for the main usage of PVC paste resin. Before the epidemic, the PVC glove market was in overcapacity from 2018 to 2019, and the entire industry began to integrate. The glove industry reduced production capacity, and in 2020, public health and safety incidents had a significant impact on gloves. The demand for glove materials in the market increased significantly, and downstream glove production lines expanded. Domestic glove factories invested heavily in expanding production capacity to meet market needs. According to incomplete statistics, there were 1500-1700 PVC glove production lines from 2020 to 2021. In 2023, continuing the market demand from last year, the entire industry's production began to shrink, with 30-40% of glove factories operating throughout the year. In the second half of the year, glove factories in Shandong region are still operating, and the leading glove factories in Shandong can operate at 70-90%. According to incomplete statistics, there will be around 1500 PVC disposable glove production lines in 2023, but there will be 400-500 glove production lines in operation, and when there is improvement in operation, it can reach 600-700. Export order prices have not yet significantly increased.
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