With the rapid development of wood-based panel industry,my country has become the largest country in the world in wood-based panel production, consumption and import and export trade.
Consumption of adhesives for wood-based panel industry continues increase. According to relevant industry statistics, in 2020, the consumption of adhesives for the wood-based panel industry will be 15.61 million tons (100% solid content), including 15.42 million tons of formaldehyde-based adhesives and about 80,000 tons of biological adhesives. Isocyanate adhesives are about 65,000 tons (about 0.4% of the total), and lignin adhesives are 15,000 tons.
According to the statistics of Tiantian Chemical Network, in 2021, The isocyanate adhesive used for wood-based panels has a strong growth momentum, and the annual consumption of polymeric MDI has increased by more than 30% year-on-year. This is mainly due to the joint development of the end consumer market, custom home furnishing and policies:
1. Terminal consumer market: In recent years, the domestic consumer market of formaldehyde-free boards has developed vigorously, and the public’s concept of healthy and environmentally friendly home consumption continues to increase.
2. Wood industry/custom home furnishing industry: Boards are for custom home furnishing The core material accounts for more than 90% of the use, and the environmental protection of the board is the key to customizing the removal of aldehydes in the home. In order to comply with consumers’ demands for furniture’s health and environmental protection, and also to enhance their own competitiveness, leading domestic customized furniture companies and their upstream wood manufacturers have launched and promoted board/furniture brands with the concept of formaldehyde-free. For example, Huazhou Wood’s Jinpin Ao Song board, Sophia’s Kangchun board, Oupai’s net aldehyde love core board and Yilian Quanwu customized products.
3. Policy level: The introduction and implementation of the new national standard for formaldehyde-free panels is good for the sustainable development of the formaldehyde-free wood-based panel industry: the new national standard “GB/T 39600-2021 Formaldehyde Emission Classification of Wood-based Panels and Their Products” and “GB/T 39598-2021 Guidelines for Indoor Loading Limits of Wood-based Panels Based on Limit Formaldehyde” stipulates the classification requirements for indoor formaldehyde emission from wood-based panels and their products, and divides the environmental protection grades of wood-based panels into E1, E0 and ENF. , of which the ENF grade is a new classification of the new national standard, and the requirements for formaldehyde emission are more stringent, and it needs to reach ≤0.025mg/m3.
In the first half of 2022, Due to the spread and recurrence of the epidemic in many places in China, the downward pressure on the macro economy has increased, and the sales volume of commercial housing has dropped sharply (in the first half of the year, the transaction area of new commercial housing in key 100 cities has dropped by more than 40%. The lowest level in the same period.), and more rain and other factors, the development of the wood-based panel industry has been hindered. However, from its sub-sectors – formaldehyde-free wood-based panels, and its upstream raw material MDI wood glue, the consumption of PU raw materials has remained firm and stable.
Looking forward to the second half of 2022: policies to stabilize growth Accelerate efforts, and the economic operation is expected to gradually return to the right track. Property market regulation policies that are conducive to the stable and healthy development of the real estate industry will continue to be introduced, so it is predicted that the real estate market will stabilize and recover in the second half of the year.
On July 8, Zhixin Investment Research Institute released ” 2022 Real Estate Market Prospect Report for the Second Half of the Year”, Lian Ping, Chief Economist and Dean of the Research Institute of Zhixin Investment, mentioned at the press conference that there is still room for more liberalization of the real estate policy in the second half of the year, and the loose policy is expected to further support the real estate market towards recovery. The “Report” mentioned that the real estate market is expected to improve in the second half of the year, with sales picking up and investment turning positive. Housing sales in big cities will take the lead in stabilizing and picking up in the third quarter, driving house prices out of the downward channel,�The real estate market in the quarter is worth looking forward to. The “Golden September and Silver October” in key cities can be expected within this year. Due to factors such as the macroeconomic downturn and repeated epidemics, some home buyers have a strong wait-and-see mood. This year’s “Golden September Silver October” market may not be as good as before. However, the backlog of rigid and improving demand caused by the epidemic factors may be gradually released after the third quarter. Economic recovery and expected improvement will promote the rapid release of this demand.
In anticipation of the domestic property market in the second half of this year, the trend of custom home furnishing without formaldehyde, and At present, the proportion of isocyanate adhesives used in the wood-based panel industry is still very low, and there is a broad market space for replacing formaldehyde adhesives. Therefore, it is expected that the development of the domestic MDI wood adhesive industry will be stable in the second half of this year and throughout the year. growing in.