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VAE Emulsion vs. PVA Powder: A Compliance-Conscious Comparison for Medical Substrates

Author: HOPEWAY Release time: 2026-09-12 05:24:29 View number: 74

For biomedical R&D and procurement teams choosing one polymer system for a medical substrate — a coating layer, a slow-release matrix, or a bonding film — the comparison between vinyl acetate ethylene (VAE) emulsion and fully hydrolyzed polyvinyl alcohol (PVA) powder is often treated as a price question. It is not. It is a question of physical form, viscosity window, residual content, and what you can document to a reviewer.

Short answer:

  • Need a grade whose own specification names a medical application? Fully hydrolyzed PVA powder. PVA0599 (degree of polymerization ≈500, hydrolysis 98–99%, viscosity 5–7 mPa·s) lists pharmaceutical coating and slow-release medical substrate among its applications.
  • Need higher viscosity and higher molecular weight? PVA2499 (degree of polymerization ≈2400, hydrolysis 98–99%, viscosity 45–58 mPa·s, hot-water soluble) for water-resistant coating, high-strength fiber, or as raw material for PVB resin and film.
  • Need a ready-to-use, water-dilutable binder that films at low temperature? VAE 705, 706, 707 or 707H — all documented as non-toxic, zero formaldehyde, with no plasticizer added inherently.
  • Is residual monomer the binding constraint? VAE 707H, at 0.5% maximum residual vinyl acetate, against 1.0% maximum on 705, 706 and 707.

One structural point should be settled before the comparison starts: these two families are linked, not opposed. In every VAE grade discussed below, polyvinyl alcohol is the stabilizer and protective colloid of the emulsion system. Comparing PVA powder with VAE emulsion therefore means comparing a standalone polymer with a polymer system that already contains PVA.

Polyvinyl alcohol production line
Polyvinyl alcohol production line. HOPEWAY CHEMICAL INDUSTRIAL CO., LIMITED produces PVA, VAE emulsion and redispersible polymer powder within the same industrial chain.

Problem Definition: The Three Questions That Actually Decide This

Compliance-conscious selection for a medical substrate collapses into three questions, and they are best asked in this order.

  1. Function at the interface. Is the polymer forming a continuous film on a substrate — coating, bonding, lamination — or is it the continuous phase of a matrix that controls release? Film formation is where emulsion systems are strong: VAE grades are fully water-dilutable and film at low temperature. A slow-release matrix is normally specified as a defined polymer with a controlled degree of polymerization and degree of hydrolysis.
  2. Process fit. Powder grades require a dissolution step, and the required temperature follows the grade: PVA2499 is hot-water soluble, and PVA1799 is specified to dissolve in water above 80 °C. Emulsion grades arrive as liquids and need storage and solids control instead of dissolution equipment.
  3. Documentability. A reviewer will ask for the technical data sheet (TDS), the material safety data sheet (MSDS) and a certificate of analysis (COA) per batch — not for an adjective such as non-toxic.

Most errors in this comparison come from mixing specification vocabularies. An emulsion is judged partly on residual vinyl acetate content and minimum film forming temperature. A powder is judged on degree of polymerization, degree of hydrolysis and viscosity. These are not the same purity metric under different names, and they should not be compared as if they were.

A second common error is extending a family-level statement to every grade in the family. The non-toxic and zero formaldehyde statements are documented for specific VAE grades with specific compositions. They are not automatically transferable to every polymer in a portfolio, and they never replace a batch certificate.

Industry Background: Where Medical Substrates Sit in the PVA and VAE Market

Polyvinyl alcohol is a large, established industrial polymer, and medical or pharmaceutical substrate work sits at its small, highly specified end. Three published data points frame the sourcing context:

  • Grand View Research estimates the global PVA market at USD 1.21 billion in 2025, projected to reach USD 1.66 billion by 2033.
  • China is the world's leading exporter of PVA in primary forms, with export values of approximately USD 366.6 million in 2024, according to UN Comtrade.
  • Chinese PVA consumption is dominated by polymerization aids (38%), fabric sizing and pulp (20%) and adhesives (12%), according to China Industrial Research Institute and Elephchem data — a structure that shows the volume drivers sit outside medical coating even though the same base chemistry serves them.

Two implications follow for buyers. First, because medical substrates are not the volume driver, the grades you need are usually selected from an existing standardized portfolio rather than developed for a single project, which makes specification clarity more important than novelty. Second, the growth direction of the wider market favors water-soluble chemistry: the global market for PVA films for packaging is expanding at a CAGR of 7.1% (2026–2034), driven by demand for water-soluble and biodegradable solutions. That sustains investment in the base grades a medical substrate project will ultimately specify.

On the handling side, PVA is classified under the US OSHA Hazard Communication Standard (29 CFR 1910.1200) and is generally considered non-hazardous, though fine powder may form combustible dust concentrations. For a compliance-conscious project, that single sentence generates real requirements: enclosed feeding and dust extraction on the powder line, moisture-controlled storage, and a written dissolution procedure covering temperature, stirring speed and feeding sequence.

Material Family A: Fully Hydrolyzed PVA Powder (PVA0599, PVA2499)

Polyvinyl alcohol is manufactured by alcoholysis of polyvinyl acetate (PVAc). It is a water-soluble polymer supplied as white powder or flake, and two parameters define its behavior: degree of polymerization and degree of hydrolysis. Fully hydrolyzed grades sit at 98–99% hydrolysis. Partially hydrolyzed grades — PVA1788, PVA2488, PVA0588 and PVA2688 — sit at 87–89% and are cold-water soluble, which is why they cannot be substituted for a fully hydrolyzed grade on the strength of a shared product name.

PVA0599: Low Degree of Polymerization, Low Viscosity, Medical Substrate Listed

PVA0599 is the low-molecular-weight end of the fully hydrolyzed range: degree of polymerization ≈500, degree of hydrolysis 98–99%, viscosity 5–7 mPa·s. Its documented applications include pharmaceutical coating, slow-release medical substrate, special acetal resin and fine chemical dispersant. For a specification reviewer, three details matter: the viscosity window is narrow enough to be controlled, the grade is fully hydrolyzed rather than partially hydrolyzed, and a medical-substrate application is named on the grade itself rather than inferred from a family description.

The low degree of polymerization also means that a comparatively dilute working solution still behaves at a practical handling viscosity, which matters when a coating station cannot process thick solutions. Working concentration should be confirmed against the supplier's dissolution guidance rather than assumed.

PVA2499: High Degree of Polymerization, High Viscosity, Hot-Water Soluble

PVA2499 sits at the other end of the same fully hydrolyzed family: degree of polymerization ≈2400, degree of hydrolysis 98–99%, viscosity 45–58 mPa·s, hot-water soluble. Its documented applications are high-count and high-density fabric sizing, high-strength PVA fiber, raw material for PVB resin and film, water-resistant coating and cement reinforcing agent. The higher degree of polymerization is what supports film toughness and water resistance — and also what forces a hot-water dissolution step.

If a project needs a water-resistant layer with high cohesive strength and the process can handle hot dissolution, PVA2499 is the more appropriate grade. If it needs a low, easily controlled viscosity window for thin coating work, PVA0599 is. Specifying simply "PVA" produces a formulation that either cannot be processed or does not reach the mechanical target.

Adjacent Grades Quoted in the Same Conversations

PVA1799 (degree of polymerization ≈1700, hydrolysis 98–99%, viscosity 22–30 mPa·s, dissolves in water above 80 °C) is the mid-point reference grade and often appears when PVA0599 is too thin and PVA2499 too viscous. On the partially hydrolyzed side, PVA1788 (20.5–28 mPa·s), PVA2488 (44–55 mPa·s), PVA0588 (4.5–6.0 mPa·s) and PVA2688 (55–65 mPa·s) are cold-water soluble at 87–89% hydrolysis. Published comparison data place PVA dissolution residue below 0.5% and a sealed shelf life of 24 months.

HOPEWAY PVA product
HOPEWAY PVA product. Fully hydrolyzed grades such as PVA0599 and PVA2499 are supplied in powder or flake form.

Material Family B: VAE Emulsions 705, 706, 707 and 707H

A VAE emulsion is a copolymer system, not a single polymer. The main monomers are vinyl acetate and ethylene. Polyvinyl alcohol is present as the stabilizer and protective colloid; emulsifier, initiator, pH regulator and deionized water complete the formulation. The grades in this family share properties that matter for compliance-conscious selection: no plasticizer is added inherently, the products are documented as non-toxic and zero formaldehyde, and they are fully water-dilutable.

The differences inside the family are almost entirely about viscosity, solids and residual monomer:

  • VAE 707 — 500–1000 mPa·s at 25 °C, solids 54.5% minimum, ethylene 16%–18%, residual vinyl acetate 1.0% maximum, minimum film forming temperature 0 °C. The lowest viscosity in the family.
  • VAE 707H — 1000–1500 mPa·s, solids 54.5% minimum, ethylene 16%–18%, and the lowest residual vinyl acetate in the family at 0.5% maximum.
  • VAE 705 — 1500–2500 mPa·s, solids 54.5% minimum, ethylene 14%–18%, residual vinyl acetate 1.0% maximum, minimum film forming temperature 0 °C, particle size range 0.2–2.0 µm. The only grade in this set with a published particle size range.
  • VAE 706 — 2500–3500 mPa·s, solids 55% minimum, ethylene 14%–18%, residual vinyl acetate 1.0% maximum, minimum film forming temperature 0 °C. The highest viscosity and highest solids content.

All four are specified at pH 4.0–6.5. The 0 °C minimum film forming temperature published for VAE 705, 706 and 707 is often the parameter that decides an emulsion over a powder: a film that forms at 0 °C does not require a high-temperature drying or curing stage, which matters when the substrate itself is temperature-sensitive. The published specification for VAE 707H does not state a minimum film forming temperature, so that parameter should be confirmed with the supplier for that grade rather than assumed.

A limitation worth stating plainly: the documented application lists for these emulsion grades are industrial — paper lamination, carton and cigarette packaging bonding, wood white glue, textile fabric compounding, putty modification, thermal insulation mortar, waterproof coatings and fireproof coatings. Where a project requires a grade whose own specification names a medical-substrate application, PVA0599 is the grade that does so.

The PVA Inside the VAE: Why the Two Families Are Linked

Every VAE grade above lists polyvinyl alcohol as its stabilizer and protective colloid. That line has practical consequences for a long-term sourcing decision, because the PVA used as a protective colloid is a controlled input in the emulsion formulation, not a purchased additive. A manufacturer that produces both PVA and VAE in its own chain controls that input directly.

HOPEWAY CHEMICAL INDUSTRIAL CO., LIMITED, founded in 1998, is an integrated manufacturer of PVA, VAE emulsion, redispersible polymer powder, PVA film and PVA fiber. The company employs 4,451 people, including 731 in R&D, with an annual PVA capacity of 350,000 MT and an annual VAE emulsion capacity of 140,000 MT. Actual PVA output reached 306,400 tons in the latest fiscal year, and 27.17% of total turnover comes from exports to more than 40 countries. For a medical substrate project, the relevant point is not scale; it is that the PVA specification and the VAE specification originate from the same production and quality system.

Comparison Tables: VAE Emulsion vs. Fully Hydrolyzed PVA Powder

All values below are taken from the published specification data for these grades. Where a parameter is not stated in the available specification, the cell says so rather than offering an estimate.

Table 1. VAE emulsion grades compared by published specification
ParameterVAE 705VAE 706VAE 707VAE 707H
Solid content (minimum)54.5%55%54.5%54.5%
pH4.0–6.54.0–6.54.0–6.54.0–6.5
Viscosity at 25 °C1500–2500 mPa·s2500–3500 mPa·s500–1000 mPa·s1000–1500 mPa·s
Ethylene mass fraction14%–18%14%–18%16%–18%16%–18%
Residual vinyl acetate (maximum)1.0%1.0%1.0%0.5%
Minimum film forming temperature0 °C0 °C0 °CNot stated in the available specification
Particle size range0.2–2.0 µmNot statedNot statedNot stated
Stabilizer / protective colloidPolyvinyl Alcohol (PVA)Polyvinyl Alcohol (PVA)Polyvinyl Alcohol (PVA)Polyvinyl Alcohol (PVA)
Plasticizer and safety positioningNo plasticizer added inherently; non-toxic; zero formaldehyde; fully water-dilutableNo plasticizer added inherently; non-toxic; zero formaldehyde; fully water-dilutableNo plasticizer added inherently; non-toxic; zero formaldehyde; fully water-dilutableNo plasticizer added inherently; non-toxic; zero formaldehyde; fully water-dilutable
Documented application focusPaper lamination, carton adhesive, cigarette packaging bonding, general wood white glue, textile fabric compounding, interior putty modificationHigh-strength wood splicing glue, hardcover book binding, cement mortar modification, thick-layer interior coatings, wallpaper adhesiveExternal wall thermal insulation mortar, building waterproof coating, steel structure fireproof coating, roof waterproof primer, concrete repair agent, tile back coatingLow-cost building waterproof coating, mass-production dry-mixed mortar binder, exterior elastic coating, large-area construction base coating
Table 2. Fully hydrolyzed PVA grades compared by published specification (PVA1799 shown as a mid-range reference)
ParameterPVA0599PVA2499PVA1799 (reference)
TypeFully hydrolyzedFully hydrolyzedFully hydrolyzed
Degree of polymerization≈500≈2400≈1700
Degree of hydrolysis98–99%98–99%98–99%
Viscosity5–7 mPa·s45–58 mPa·s22–30 mPa·s
DissolutionNot stated in the available specificationHot water solubleDissolves in water above 80 °C
Documented applicationsPharmaceutical coating, slow-release medical substrate, special acetal resin, fine chemical dispersantHigh-count and high-density fabric sizing, high-strength PVA fiber, raw material for PVB resin and film, water-resistant coating, cement reinforcing agentCotton and chemical fiber warp sizing, vinylon fiber spinning, oil well water shutoff agent, high-temperature industrial adhesive, raw material for optical film, water-resistant paper coating
Table 3. Cross-family decision matrix: VAE emulsion vs. fully hydrolyzed PVA powder
Decision criterionVAE emulsion (705, 706, 707, 707H)Fully hydrolyzed PVA powder (PVA0599, PVA2499)
Physical formLiquid emulsion, ready to useWhite powder or flake, requires a dissolution step
Water dilutionFully water-dilutableWater-soluble polymer; dissolution temperature depends on grade — PVA2499 is hot-water soluble, PVA1799 dissolves above 80 °C
Film formationMinimum film forming temperature 0 °C published for 705, 706 and 707Not stated in the available specification for the grades compared
Viscosity as a control leverGrade selection spans 500–3500 mPa·sGrade selection spans 5–7 mPa·s (PVA0599) to 45–58 mPa·s (PVA2499)
Primary purity metricResidual vinyl acetate: 1.0% maximum on 705, 706, 707; 0.5% maximum on 707HDegree of hydrolysis 98–99%; published comparison data place dissolution residue below 0.5%
Stabilizer rolePVA present as stabilizer and protective colloidStandalone polymer
Documented safety wordingNo plasticizer added inherently; non-toxic; zero formaldehydeNon-toxic; described in published comparison data as residue-free and medical-grade safe
Published medical-application referenceNone in the application list for these gradesPVA0599 lists pharmaceutical coating and slow-release medical substrate
Handling considerationsStorage and solids control of a liquid systemCombustible dust potential under US OSHA 29 CFR 1910.1200, plus high-temperature dissolution handling
Commercial baselineMinimum order quantity 5 tons; typical lead time 7–10 days; FOB or CIF; 30/70 or L/C; pre-shipment testMinimum order quantity 5 tons; typical lead time 7–10 days; FOB or CIF; 30/70 or L/C; pre-shipment test

Step-by-Step: Qualifying a Grade for a Medical Substrate

  1. Define the function, not the product name. Write down whether the polymer forms a film on a substrate or is the matrix itself. Bonding and coating work points toward the emulsion grades first. A coating or matrix polymer with controlled release points toward a fully hydrolyzed powder.
  2. Fix the viscosity window against your equipment. The usable range is set by your coating, mixing or pumping hardware, not by preference. Within the VAE family the ladder runs from 707 (500–1000 mPa·s) through 707H (1000–1500), 705 (1500–2500) to 706 (2500–3500). Within fully hydrolyzed PVA the ladder runs from PVA0599 (5–7 mPa·s) through PVA1799 (22–30) to PVA2499 (45–58).
  3. Set the residual and purity thresholds. For emulsions, residual vinyl acetate is the parameter to fix in writing: 1.0% maximum on 705, 706 and 707, and 0.5% maximum on 707H. For powders, require the degree of hydrolysis (98–99% for fully hydrolyzed grades) and a dissolution residue figure; published comparison data place PVA dissolution residue below 0.5%.
  4. Check the temperature path end to end. If the substrate cannot survive hot drying, the 0 °C minimum film forming temperature of VAE 705, 706 and 707 removes a process step. If you are dissolving powder, set the dissolution temperature to the grade — hot water for PVA2499, above 80 °C for PVA1799 — and confirm the equivalent figure for the exact grade you intend to buy.
  5. Request the document set before the price. Ask for TDS, MSDS, COA and third-party test reports, and ask how each batch is sampled — mesh size, viscosity and degree of hydrolysis are the parameters that should be checked. Before export, COA, TDS, MSDS and customs documents are verified item by item, which is the control that prevents clearance problems caused by inconsistent product parameters.
  6. Validate with a sample at your own concentration. A sample service should confirm dissolution behavior, film quality and compatibility with the rest of the formulation — not serve as a formality. Free technical guidance on application formula, dissolution process and production parameter adjustment is where most scale-up failures are avoided.
  7. Agree the supply baseline before the first bulk order. Minimum order quantity, lead time and payment terms should be matched to your production calendar: a 5-ton minimum order quantity, a typical production lead time of 7–10 days, FOB or CIF terms, and 30/70 or L/C payment form the commercial baseline to negotiate from.
HOPEWAY PVA product
HOPEWAY PVA product. Batch sampling before delivery covers mesh size, viscosity and hydrolysis degree.

Use Cases: Four Decision Patterns

1. Pharmaceutical coating and slow-release substrate

PVA0599 is the grade to start from. Its specification names pharmaceutical coating and slow-release medical substrate, and its low degree of polymerization keeps solution viscosity at 5–7 mPa·s, which supports thin, uniform layers where a high-viscosity solution would be difficult to control.

2. Water-resistant, high-strength layer

PVA2499 is specified at 45–58 mPa·s with a degree of polymerization of approximately 2400 and is hot-water soluble. Its documented applications include water-resistant coating, high-strength PVA fiber and raw material for PVB resin and film — requirements where cohesive strength rather than thin-layer control is the priority.

3. Low-temperature, ready-to-use binder

VAE 705 or VAE 707 suits a process that needs a fully water-dilutable system with a 0 °C minimum film forming temperature and no plasticizer added inherently. VAE 706 is the choice when the same requirement applies at higher viscosity and higher solids — 2500–3500 mPa·s and 55% minimum solids.

4. Residual-monomer-constrained emulsion system

VAE 707H is the grade in this set specified at 0.5% maximum residual vinyl acetate, at 1000–1500 mPa·s and 54.5% minimum solids, with an ethylene mass fraction of 16%–18%. A lower residual monomer specification is a documentation advantage as much as a technical one, because it gives a reviewer a fixed number to check against the batch COA.

Across these patterns, one general property carries: PVA forms a dense, tough and uniform protective film, and published comparison data describe it as residue-free with low ash content and no staining, which is the reason it appears in medical non-woven, water-soluble film and optical film discussions as well as in adhesives and coatings.

HOPEWAY PVA product
HOPEWAY PVA product. Grade selection, not product name, determines viscosity, dissolution behavior and film quality.

Where the Evidence Stops

This is a specification comparison, not a regulatory or medical approval. It does not claim that any grade is certified for a specific medical device, that any grade has passed a biocompatibility test, or that the grades compared here are interchangeable. Statements such as non-toxic and zero formaldehyde are product documentation statements for the named grades, supported by the supplier's TDS and MSDS, and they should be verified per batch. Where a parameter is not published — for example the minimum film forming temperature of VAE 707H, or the dissolution residue of a specific batch — it should be confirmed in writing rather than inferred from a related grade.

FAQ

Are VAE emulsions and PVA powders both non-toxic and formaldehyde-free?

The documentation differs by grade and should be read that way. For VAE 705, 706, 707 and 707H, the product data state that no plasticizer is added inherently, that the products are non-toxic and zero formaldehyde, and that they are fully water-dilutable. PVA is described as a water-soluble polymer with excellent film-forming property, strong adhesion and non-toxicity, and published comparison data describe PVA as non-toxic, residue-free and medical-grade safe. These are grade-level documentation statements rather than universal claims: confirm them for the exact grade and batch you buy through a current TDS, MSDS and COA, and treat the combustible dust classification referenced under the US OSHA Hazard Communication Standard (29 CFR 1910.1200) as a handling requirement for powder grades.

Which PVA grade is specified for slow-release medical substrates?

PVA0599 is the grade whose specification names pharmaceutical coating and slow-release medical substrate. It is fully hydrolyzed at 98–99% with a degree of polymerization of approximately 500 and a viscosity of 5–7 mPa·s; its published application list also includes special acetal resin and fine chemical dispersant. The low degree of polymerization keeps solution viscosity low, which supports thin, uniform coating layers. Confirm the working concentration against the supplier's dissolution guidance before scaling up.

What is the practical difference between PVA0599 and PVA2499?

Viscosity and molecular weight. PVA0599 is specified at 5–7 mPa·s with a degree of polymerization around 500, while PVA2499 is specified at 45–58 mPa·s with a degree of polymerization around 2400 and is hot-water soluble; both are fully hydrolyzed at 98–99%. In practice, the lower-viscosity grade suits thin coating and slow-release work where a controllable solution is essential, while the higher-viscosity grade is documented for water-resistant coating, high-count and high-density fabric sizing, high-strength PVA fiber and as raw material for PVB resin and film. Selecting between them by polymer name alone is not sufficient — the viscosity window is the decision.

Can a sample be validated before a bulk order?

Yes, and it should be a structured step rather than a formality. Sample service, quality problem solution and long-term stable cooperation are part of the supplier's offering, together with free professional technical guidance for PVA application formula, dissolution process and production parameter adjustment. A practical sample validation covers dissolution behavior at your target concentration, film quality and compatibility with the rest of the formulation. Before shipment, order documentation is verified item by item — COA, TDS, MSDS and customs documents — and pre-shipment testing is part of the standard terms.

What should a buyer verify before committing to a long-term Professional Polyvinyl Alcohol supply partner in China?

Verify integration, documentation and commercial terms together. HOPEWAY CHEMICAL INDUSTRIAL CO., LIMITED, founded in 1998, manufactures PVA, VAE emulsion and redispersible polymer powder within one chain, with an annual PVA capacity of 350,000 MT and an annual VAE emulsion capacity of 140,000 MT; actual PVA output reached 306,400 tons in the latest fiscal year, and 27.17% of turnover comes from exports to more than 40 countries across Asia, South America, the EU and the Middle East. Ask for current TDS, MSDS, COA and third-party test reports, confirm how each batch is sampled for mesh size, viscosity and hydrolysis degree, and agree the commercial baseline in writing: a minimum order quantity of 5 tons, a typical production lead time of 7–10 days, FOB or CIF terms, and 30/70 or L/C payment. For a sample request, a quotation or the full grade list, contact kelvin@xmhwchem.com or WhatsApp +86 158-8028-4585, and download the PVA catalogue from the link at the end of this article.

Conclusion

The decision between VAE emulsion and fully hydrolyzed PVA powder for a medical substrate separates cleanly once the function at the interface is defined, the viscosity window is fixed against real equipment, and the document set is requested before the price. The four practical rules that follow from the specifications in this article are:

  • Documented medical-application grade with low viscosity: PVA0599 — fully hydrolyzed, 98–99% hydrolysis, ≈500 degree of polymerization, 5–7 mPa·s.
  • High-viscosity, high-strength, water-resistant polymer: PVA2499 — 98–99% hydrolysis, ≈2400 degree of polymerization, 45–58 mPa·s, hot-water soluble.
  • Ready-to-use, water-dilutable binder with 0 °C film formation and no plasticizer added inherently: VAE 705, 706 or 707.
  • Lowest residual vinyl acetate in the emulsion set: VAE 707H at 0.5% maximum.

Whichever route the specification takes, the commercial baseline is the same: a 5-ton minimum order quantity, a typical production lead time of 7–10 days, FOB or CIF terms, 30/70 or L/C payment, and pre-shipment testing with item-by-item document verification.

HOPEWAY PVA product
HOPEWAY PVA product. Samples and full grade documentation are available on request.

Request a sample, a quotation or the full grade list

Email: kelvin@xmhwchem.com
Tel / WhatsApp: +86 158-8028-4585
Website: www.xmhwchem.com
Catalogue download: PVA CATALOGUE (PDF)

HOPEWAY CHEMICAL INDUSTRIAL CO., LIMITED — Rongqiao gongguan, Haicang district, Xiamen, Fujian province, China.