Firstly, due to the low toxicity of HAA, with the development of the economy and the increasing awareness of environmental protection, 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.

Again, for Chinese HAA manufacturers, as EMS-PRIMID's patent is 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 a few regions such as the European Union, most countries and regions are accustomed to the use of TGIC. Even though the environmental requirements of various countries and regions are becoming increasingly high, the popularization and use of HAA still need 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 degree of inflation in China, which has led 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 tax rebate amount may be reduced again in the near future. This also further increases export prices.

Europe is a region where HAA is widely used, and in recent years, REACH regulations have emerged in Europe, requiring almost all chemical products exported to Europe to be re registered and undergo many related tests and inspections. HAA is no exception, which will greatly increase the cost of exporting HAA to Europe.