【行业分析】中国EBA树脂行业政策汇总、发展现状及投资前景预测报告——智研咨询发布

Core Viewpoint - EBA resin, a thermoplastic material synthesized from ethylene and butyl acrylate, exhibits superior strength, toughness, and flexibility, making it essential in various industries, particularly automotive, electronics, and renewable energy, with a steadily growing market driven by environmental policies and the new energy sector [2][9]. Group 1: Overview of EBA Resin Industry - EBA resin is produced through high-temperature and high-pressure free radical polymerization of ethylene and butyl acrylate, resulting in a material with a thermal decomposition temperature of 330°C and excellent impact resistance at -40°C [3][4]. - The resin is categorized based on the butyl acrylate content, affecting its hardness and mechanical properties, with lower BA content yielding higher hardness and higher BA content providing enhanced flexibility and adhesion [4][6]. Group 2: Comparison with Other Resins - Compared to EVA, EBA has a significantly higher thermal decomposition temperature (330°C vs. 240°C) and better processing characteristics, making it suitable for automotive and cable applications, while EVA remains dominant in cost-sensitive areas like photovoltaic encapsulation [6][8]. - In contrast to EAA, EBA excels in flexibility and environmental stress cracking resistance, while EAA is preferred for its strong adhesion to polar substrates [6][8]. Group 3: Current Development Status in China - The EBA resin market in China is projected to grow from approximately 3.61 billion yuan in 2024 to 4.28 billion yuan in 2025, driven by demand in adhesive and plastic modification sectors, with renewable energy applications acting as a key growth engine [9][12]. - The upstream supply chain for EBA resin is stable, with sufficient ethylene supply and concentrated production of butyl acrylate, providing cost advantages for midstream producers like Wanhua Chemical and Satellite Chemical [12]. Group 4: Industry Chain Analysis - The EBA resin industry chain includes upstream raw materials (ethylene and butyl acrylate), midstream production led by companies like Wanhua Chemical, and a diverse range of downstream applications, particularly in photovoltaic films and high-voltage cables, which together account for over 50% of demand [12]. - The growth in the photovoltaic sector, with encapsulation film demand expanding, is expected to drive technological upgrades in midstream production, fostering a collaborative development within the industry chain [12].