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China EVA foam material market will grow rapidly

China EVA foam material market will grow rapidlyChina EVA foam material market will grow rapidlyChina EVA foam material market will grow rapidlyChina EVA foam material market will grow rapidlyChina EVA foam material market will grow rapidly

Change Po Network on March 21


The production and application of EVA foaming materials in China started late, but due to the excellent processing performance of the products and their wide application, the demand growth has been very rapid in recent years, and the current market is in a growth period. Despite the impact of the global financial crisis, downstream export demand weakened, and the market's compound annual growth rate from 2006 to 2010 still exceeded 9%. In 2010, the market size exceeded 18 billion yuan. The rapid growth of the market has attracted many manufacturers to enter the industry. In 2010, more than 3,000 companies in the Chinese market had the ability to produce EVA foamed materials. Most EVA foam manufacturers are small businesses with annual sales of less than 10 million yuan. The number of large-scale manufacturers is relatively small, with annual sales of more than 30 million yuan, and a high value of 100 million yuan. The total sales volume of EVA foam materials for the top 5 companies in the market is close to 2 billion yuan, only accounting for 10% of the market share, and the concentration is not high. Benefiting from the stable development of China, the requirements and profits brought about by the upgrading of downstream industries, and the wider application fields will be exploited and other favorable factors, it is expected that the EVA foam material market in China will maintain high growth. From 2010, the compound annual growth rate will exceed 10%, and by 2015 the market size will reach 30 billion yuan.


EVA foam material market will continue to increase


Raw materials mainly rely on EVA as the main raw material for importing EVA foaming materials. At present, the demand for EVA foamed materials accounts for more than 60% of total domestic EVA consumption. As China's apparent consumption of EVA foaming materials has increased year by year, and has driven demand for EVA, the average annual growth in demand for EVA in China has exceeded 7% in the past few years. On the other hand, the dependence of market supply on imports is relatively high. In 2010, the global demand for EVA exceeded 3 million tons. The domestic EVA consumption reached 700,000 tons, while the output was only 270,000 tons, and the self-sufficiency rate was less than 40%. Due to tight market supply, rising raw materials, energy, and transportation costs, EVA import prices rose from 2006 to 2008, rising from RMB 10,800 (t price, the same below) to RMB 13,600. In 2009, due to the drop in international crude oil prices, the production cost of EVA fell. On the other hand, the financial crisis also caused the global demand for EVA to shrink in the industry. These two factors caused the import price of EVA to fall to 10,200 yuan in 2009. In 2010, with the gradual recovery of the macro economy, EVA downstream demand gradually recovered, while international crude oil prices, EVA supply continues to be tight, resulting in EVA prices quickly rose to 13,500 yuan. EVA foam prices also fluctuate with EVA prices. From 2006 to 2008, the price of EVA foamed materials rose from 3,150 yuan to 3,600 yuan/cubic meter. By 2009, with the fall of EVA prices, the price of EVA foam materials has also dropped to 3,200 yuan/cubic meter. In 2010, due to the rapid growth of downstream demand and the substantial increase in EVA raw materials, the price of EVA foamed materials quickly rebounded back to 3,500 yuan/cubic meter. Strong downstream demand growth


The major businesses of EVA foaming materials, namely footwear, luggage, toys, sporting goods, and building materials, are traditional strong industries in the Chinese manufacturing industry. In 2010, the industry output value exceeded or approached 100 billion yuan. Among them, the output value of the building materials industry has even reached more than one trillion yuan. Driven by further improvement in stimulated domestic demand and export markets, these industries are expected to maintain growth of more than 10% in the next three years. The shoe market and the luggage industry market are the most important downstream markets for EVA foam materials. In 2010, it consumed about 70% of EVA foam materials in the Chinese market. In the downstream market of EVA foam materials such as toy industry, sporting goods industry and building materials industry, in 2010, about 25% of EVA foam materials in the Chinese market were consumed. The emerging markets, such as automotive interiors and electronic accessories, have consumed a total of about 5% of EVA foam in the Chinese market. The market scale with continued rapid growth in the future will attract more companies, but technical barriers, especially the requirements for the recycling of EVA foam materials, as well as the scale and funding barriers, will limit the scale and capacity of Insufficient business entry. Although there is no product standard in the EVA foaming material industry, the requirements for various types of products in the industry, especially the increasingly stringent export standards, also form a strong constraint on EVA foaming materials. Therefore, manufacturers that meet various downstream standards will be in a more favorable position in the competition.


From the upstream perspective, with the expansion of demand for EVA foam materials in the Chinese market, the import volume of EVA will further increase in the future. At the same time, with the technological breakthrough of domestic production companies, the dependence on imports will also gradually decrease. Driven by the downstream demand, the market size of EVA foam materials in China will continue to increase. At the same time, it is expected that large EVA foam material producers will further occupy the market, and the industry will achieve partial industry consolidation through mergers and acquisitions. From the downstream perspective, on the one hand, the existing business needs will continue to flourish, and along with the upgrading of the industry, the requirements on the quality and characteristics of EVA foam materials will also increase, but also bring higher profits. On the other hand, more emerging applications will be developed.


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