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[Why is there a future for the Chinese chemical industry?]
Release date:[2018-7-9] Is reading[104]次

China is recognized as a major chemical industry, and most of its chemical production capacity has ranked first in the world. However, the top 50 global chemical companies are only listed on Sinopec, which inevitably gives people a sense of big but not strong. Even some people believe that China's leading enterprises can only reach the level of overseas comparable companies in the 50s and 60s of the last century.


After more than 20 years of development, China's chemical industry has accumulated considerable strength, especially in recent years, the technology has been upgraded very fast, and various sub-sectors have continuously put into production of world-class devices. Both scale and advanced are in the forefront of the world, with profit. Significant improvement, the speed of future technology upgrades will be faster. During the same period, European and American companies were constrained by the financial crisis, and generally reduced capital expenditures. The installations were aging, new product developments also tended to stagnate, and their advantages were greatly weakened. At present, China's chemical industry has reached the critical point of full competition with Europe and the United States. In the next 10 years, a group of leading enterprises will pursue and surpass the overseas chemical powers. China will also rise to become a world-class chemical powerhouse!


China's chemical industry catching up is all-round


In addition to the above, China has shown a comprehensive catch-up situation in various sub-sectors of chemical industry, and many companies have already taken the lead in the world. For example, Weiwei Gaoxin in the vinyl acetate industry and China's boulder in the glass fiber industry rank first in the world; Dongyue and Juhua in the fluorine chemical industry are the world's second and third generation refrigerant companies respectively; Kangdexin of the coating film industry has achieved the world's first and is still entering the field of optical film; the Huafeng spandex in the spandex industry and the black cat stock in the carbon black industry rank second in the world and the dragon in the titanium dioxide industry. Lee also rose to the fourth place in the world.


For example, Kim Jong-Da and Stanley in the compound fertilizer industry, Yufeng and Lotus in the MSG industry, Brother Technology in the vitamin industry and Guangji Pharmaceutical, and Sanlux and Shengao in the rubber products industry are also among the most in the world. Competitive enterprise. There are still many examples like this. It can be said that China's excellent chemical companies that have surpassed the international level have gradually become the trend of the original from the fire of the stars. The era of China's chemical industry is coming.


Mergers and acquisitions help the industry take off


China's chemical industry is not weak, and even in many sub-sectors, it is already in the world's leading level. Why is it difficult for China's chemical industry companies to be in the top 50 global chemical companies? The main reason is that China's chemical industry is too fragmented, and high-quality enterprises tend to develop in a single field. Unlike foreign developed companies, which have acquired a large number of mergers and acquisitions, the business sector spans multiple chemical sub-sectors, and the natural income and profit scale are far greater than those of China. enterprise.


There are many champions in China's chemical companies, and there are too few all-around champions. However, the root cause of China's industrial mergers and acquisitions is that some state-owned enterprises are difficult to bankrupt under the soft budget constraints even if they are not competitive. The backward production capacity in private enterprises has low-cost advantages due to the lack of environmental protection and taxation supervision. Not easy to quit.


In addition to domestic mergers and acquisitions, the pace of overseas acquisitions by Chinese companies has also accelerated in recent years. For example, Zhejiang Longsheng, the leader of the domestic dye industry, acquired Desta, the world's largest dye company in 2010, and became the new global leader. Later, the industry's second child also acquired the Yorkshire company in Germany, the overall dye industry in China. Global competitiveness has increased dramatically.


In the future, as more and more enterprises move toward globalization, production capacity going out and technology introduction will also help China's chemical companies to obtain a new round of rapid development.


Where are the core advantages of China's chemical industry?


Throughout the past 30 years, the development of China's chemical industry, from the initial level of urea, methanol, soda ash, chlor-alkali, tires, gradually extended to the third-line triphenyl, MDI, acrylic, engineering plastics, silicone and other midstream chemicals, and recently Beginning to extend to higher-end electronic chemicals, fine chemicals, new energy, new materials, etc., manufacturing capabilities are becoming more complex and their status in the value chain is constantly improving.


It can be said that every time we break through the technical barriers of a sub-industry, we will absorb knowledge, copy technology, and innovate in a short period of time. Ultimately, we will be the first in the world by virtue of market size and cost advantages, and then rely on it. Continue to conquer the next sub-sector, the trend of the entire industry chain is very amazing.


The future direction of China's chemical industry


Many of China's basic commodities, such as tri-acid and alkali, account for more than 50% of the world's share, and the growth space is relatively limited. In the future, the upstream development direction will undoubtedly look for opportunities in products that are still heavily imported. Among them, the equivalent import volume of ethylene and PX in 16 years is more than 14 million tons and 12 million tons respectively, and the amount is more than 100 billion yuan. It needs to be filled by future large-scale refining and ethane cracking.


In addition to the upstream refining and refining, the future development direction is undoubtedly the shortcomings of the industry and new energy and new materials that have not yet been overcome in China.


From the historical experience, every breakthrough in our downstream applications will bring a new round of development opportunities to chemical companies in the upstream industry chain. With the rise of the display panel industry BOE, Kangdexin and other electronic chemical companies have achieved rapid growth.


In the future, with China's efforts to promote the localization of chips, the matching photoresist, electronic specialty gases, packaging materials, high-purity reagents and other industries will undoubtedly usher in great development. There is also the development of China's automobile lightweight and large aircraft, which also provides huge market space for high-end engineering plastics such as carbon fiber and polycarbonate.

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