News
Opportunities and challenges for the future development of HAA
Firstly, due to the low toxicity of HAA, with the development of the economy and the enhancement of environmental awareness, the widespread application of HAA in powder coatings will become inevitable.
Secondly, the cost of using HAA is relatively low. This is not only reflected in the lower unit price of HAA compared to TGIC, but also in terms of usage, using HAA is relatively economical. Normally, the ratio of polyester to TGIC is 93:7, while the ratio of polyester to HAA is 95:5.
Once again, for Chinese HAA manufacturers, as EMS-PRIMID's patents are about to expire, exports to some countries and regions with patent protection will not be restricted, which will provide greater development space for domestic HAA production enterprises.
Challenge: However, there are many practical issues that will hinder or delay the widespread application of HAA, especially for Chinese HAA manufacturers.
Except for individual regions such as the European Union, most countries and regions are accustomed to the use of TGIC. Even though environmental protection requirements are increasing in various countries and regions, the widespread use of HAA still needs to go through a considerable process.
The competitiveness of Chinese made HAA in the international market has seriously declined, which will be unfavorable for Chinese made HAA to enter the international market. Specifically manifested in:
There is currently a certain level of inflation in China, leading to a significant increase in prices, including chemical raw materials. The cost of raw materials, production, and transportation in China has also increased significantly.
Starting from July 1st this year, relevant departments have reduced HAA's export tax rebate from 13% to 5%, a decrease of 8 percentage points, and the rebate amount may be reduced again in the near future. This also leads to a further increase in export prices.
Europe is a region where HAA is widely used, and in recent years, REACH regulations have been introduced in Europe, requiring almost all chemical products exported to Europe to be re registered and undergo many related tests and tests. HAA is no exception, which will greatly increase the cost of exporting HAA to Europe.
Secondly, the cost of using HAA is relatively low. This is not only reflected in the lower unit price of HAA compared to TGIC, but also in terms of usage, using HAA is relatively economical. Normally, the ratio of polyester to TGIC is 93:7, while the ratio of polyester to HAA is 95:5.
Once again, for Chinese HAA manufacturers, as EMS-PRIMID's patents are about to expire, exports to some countries and regions with patent protection will not be restricted, which will provide greater development space for domestic HAA production enterprises.
Challenge: However, there are many practical issues that will hinder or delay the widespread application of HAA, especially for Chinese HAA manufacturers.
Except for individual regions such as the European Union, most countries and regions are accustomed to the use of TGIC. Even though environmental protection requirements are increasing in various countries and regions, the widespread use of HAA still needs to go through a considerable process.
The competitiveness of Chinese made HAA in the international market has seriously declined, which will be unfavorable for Chinese made HAA to enter the international market. Specifically manifested in:
There is currently a certain level of inflation in China, leading to a significant increase in prices, including chemical raw materials. The cost of raw materials, production, and transportation in China has also increased significantly.
Starting from July 1st this year, relevant departments have reduced HAA's export tax rebate from 13% to 5%, a decrease of 8 percentage points, and the rebate amount may be reduced again in the near future. This also leads to a further increase in export prices.
Europe is a region where HAA is widely used, and in recent years, REACH regulations have been introduced in Europe, requiring almost all chemical products exported to Europe to be re registered and undergo many related tests and tests. HAA is no exception, which will greatly increase the cost of exporting HAA to Europe.