The market demand for new chemical materials in my country continues to grow, and the industry still has considerable room for development.

New chemical materials refer to new chemical materials developed and under development that have excellent properties or special functions that traditional chemical materials do not have. They usually have the characteristics of strong functionality, high added value, and high technical content. They are supporting national strategies. An important foundation for the emerging sex industry.

There are various types of new chemical materials, including elastomers, engineering plastics, functional membrane materials, high-performance fibers, semiconductor materials, etc., which are widely used in many fields of the national economy and national defense industry. As my country’s economic and technological development level continues to improve, the transformation and upgrading of traditional industries accelerates, and the scale of emerging industries such as new energy and semiconductors continues to expand, the market demand for new chemical materials continues to grow, and the industry is developing well.

According to the “In-depth Market Research and Investment Strategy Suggestions Report on New Chemical Materials Industry 2023-2027” released by the Industrial Research Center, my country After a period of development in the new chemical materials industry, the number of production companies has continued to increase, the scale of production has continued to expand, the industrial chain system has become increasingly perfect, and output has continued to grow driven by market demand. In 2022, my country’s output of new chemical materials will exceed 30 million tons.

From the perspective of industry competition, the new chemical materials industry in Europe, the United States, Japan and other countries started early and has a long development time. It has strong competitive advantages in technology, scale, brand awareness, etc., and is in a dominant position in the global market. Representative companies include BASF of Germany, Dow Chemical of the United States, LG Chemical of South Korea, Mitsubishi Chemical of Japan, etc.

my country’s new chemical materials industry started late. Affected by talent shortages, weak innovation capabilities, and insufficient R&D investment, the overall development level of the industry still lags behind that of developed countries such as Europe and the United States. There are a large number of small and medium-sized enterprises and weak anti-risk capabilities. , most technologies and equipment still need to be imported from abroad, and the industry still has considerable room for development. Domestic new chemical material manufacturers mainly include Chenguang New Materials, Kingfa Technology, Jinbo Co., Ltd., Sinoma Technology, Xiangyuan New Materials, Cathay Biotech, etc.

In recent years, the state has issued a number of policies to encourage the development of the new materials industry and provide a good development environment for the new chemical materials industry. In September 2022, four departments including the Ministry of Industry and Information Technology jointly issued the “Implementation Plan for the “Three Products” of the Raw Material Industry”, proposing that by 2025, the variety of raw materials will be more abundant, the quality will be more stable, and the brand will be more influential; high-temperature alloys, high-performance special alloys, semiconductors Products and services such as materials, high-performance fibers and composite materials have significantly enhanced their ability to support key areas.

Industry analysts said that with the continuous development of my country’s new energy, aerospace, electronic information and other emerging industries, the market demand for new chemical materials will continue to grow and the industry is booming. The domestic new chemical materials industry is still in the development stage. Manufacturing companies need to not only improve their independent innovation capabilities, increase capital investment and research and development, improve talent training and incentive mechanisms, and enhance their core competitiveness.