China Polyvinyl alcohol

China is a major global producer of PVA (Polyvinyl alcohol). Since 1965, when Beijing Oriental Petrochemical Co., Ltd. (formerly Beijing Organic Chemical Factory) introduced technology from Japan and established the first set of calcium carbide acetylene method in China (changed to petroleum ethylene method in 1995), the production of PVA in China has steadily developed. According to statistics, in 2015, China's Polyvinyl Alcohol (PVA) production was approximately 700,000 tons, increasing to 802,000 tons in 2022, with a compound annual growth rate of 1.96% during this period. In terms of demand, the apparent consumption of PVA in China in 2022 was 639,600 tons, representing a year-on-year growth of 2.16%.