China's PVP production capacity has surpassed that of Ashland and BASF, becoming the largest producer of PVP in the world.

PVP is polymerized from NVP and has a wide range of downstream applications, mainly including emerging fields such as daily chemical, pharmaceutical, food and beverage, materials, new energy batteries, and photovoltaics.

Since 2022, the overseas production capacity of PVP has been limited, and a large number of orders have flowed from overseas to China. In addition, with the significant increase in demand for new application fields (such as new energy batteries and photovoltaics), Jin'ao Chemical has seized industry development opportunities, actively expanded sales markets, and accelerated capacity expansion.