There are many kinds of special chemical products, and they are widely used downstream
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- Published date: November 23, 2020
- Modified date: November 23, 2020
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- Almont, Colorado, United States
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Driven by high downstream demand, import substitution and high technical barriers, China's specialty chemicals industry has developed rapidly in recent years.In 2009, specialized chemical products accounted for 25% of the total output value of the chemical industry and 31% of the total profit, surpassing the chemical raw material production industry for the first time and becoming the largest subsector of the chemical industry in terms of output value.From the perspective of products, during the 11th Five-Year Plan period, the average annual demand growth rate of engineering plastics, organic silicon monomer and polytetrafluoroethylene reached 11.7%, 14.9% and 13.4%, significantly higher than the growth rate of domestic GDP in the same period.However, China's specialized chemical production industry also has some prominent problems, such as low technical level, relatively backward development, extensive production mode and insufficient supply of high-end products.In terms of the fineness rate, China's fineness rate is only about 40%, far lower than the level of 60%-70% in advanced developed regions such as the United States, Japan and Western Europe.A considerable number of key and technically advanced specialized chemicals, such as lithium hexafluorophosphate, are still heavily dependent on imports.From the perspective of industry concentration, large enterprises in specialized chemicals industry only account for 0.4% of the total enterprises, while small enterprises account for 92.62%, with a relatively low industry concentration.But from the point of view of a particular product segment, a few enterprises can easily form the oligopoly competition situation.At the global level, The three major manufacturers -- Nippon Morita Chemical, Kanto Electrochemical and SUTERAKEMIFA -- account for 85% of the global capacity of lithium hexafluorophosphate.The synthetic camphor of Qingsong, China's largest turpentine producer, accounts for 45 percent of the country's production capacity.Jianxin, China's largest interamino producer, has a national and global market share of 40% and 28%, respectively.
There are many kinds of special chemical products, and they are widely used downstream.A considerable proportion of chemical products are still in the stage of introduction, so the overall growth of the specialized chemical industry is outstanding.In the first quarter of 2009, while the industrial sales output value of chemical raw materials and synthetic materials increased significantly, the professional chemical industry achieved a high growth rate of 15.37%.The growth rate since 2010 is still among the highest in the chemical industry.However, it is not appropriate to divide the seasonal, periodic and regional demand for specialized chemicals from the total amount.Under the same macro background, it is completely possible for specialized chemicals to face different supply and demand patterns for different subdivided products.
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