The chemical industry has improved significantly in the past two years. The expansion of global chemical capacity will slow down the trend, and the corresponding prosperity is expected to be maintained in a high level, and the industry will usher in rapid development.

The chemical industry has arrived at the crossroads

With the price rebound after 2016, my country's chemical industry has gone out of the trough that has lasted for many years. Most of the 35 products statistics that reflect the profitability of profitability have returned to high levels, and more than half of them have reached a record high. Even products such as MDI and vitamins have strong control and stable historical prices, which have skyrocketed, showing that the global production capacity growth rate is slowing down.

Correspondingly, the profitability of my country's enterprises is expected to maintain a high level for a long time, creating good external conditions for industrial upgrading. If the main theme of the chemical industry in the past 20 years is the upper production capacity and expansion of the standard, then the biggest direction in the future is investment and development, supplementing shortcomings.

There is huge space for industrial scale improvement

In the future, my country's chemical industry will face a similar situation as Japan from 1975-1989 and South Korea's 1990-2002 economic steaming period. At that time, although the economic growth rate of the two countries had slowed down, chemical companies had greatly improved global competitiveness with their industrial upgrading, their exports increased significantly, and technology also reached the forefront of the world.

From South Korea, which is closer to my country's economic structure, the fastest export proportion of exports during this period is motor, electronic equipment, automobiles and chemicals. At present, my country's main growth is still concentrated in the fields of motor, electronic components, and telecommunications equipment. Chemical industry has not increased significantly, accounting for only 2.6%. The proportion of high -end manufacturing power, Germany, Japan and South Korea, as high as 10%. The growth space measured by this is 1.6 trillion, exceeding the total income of all listed chemical enterprises.

In addition, the proportion of high -end chemical products in China and foreign investment in China is very high. However, with the rise of the ethnic industry, the proportion of foreign manufacturing investment has continued to decline, which has dropped from 71%to 28%. With lack of funding support, the market share in the long run will gradually be eaten by me. Therefore, for enterprises with interested in developing high -end chemical industries, development space will be very broad.

National Environmental Protection Policy Promote Industrial Upgrade

As my country's requirements for environmental protection are getting higher and higher, it will also promote the continuous upgrading of the chemical industry. The production of chemical enterprises needs to meet the national environmental protection requirements. Under the strict environmental protection inspection requirements in the past two years, chemical enterprises have accelerated the transformation of sustainable, green and environmental protection products to vigorously invest in R & D and discharge management.

The adjustment of industrial structure needs to be accelerated

In recent years, the production capacity of some products in my country's chemical products must be actively adjusted by product de -production capacity and product structure. Develop chemical products with market potential. For example, my country's titanium-white powder products are constantly increasing the proportion of chloride. It is expected that the market share of pine chloride titanium pink powder in the next 3-5 years will increase significantly.

Actively embrace the capital market

With the rapid development of the chemical industry, corporate financing has also become an important part of enterprise development. In the past two years, my country's chemical enterprises have actively embraced the capital market. In the process of listing, the pass rate of chemical industry companies is significantly higher than others than other than others. industry. After listing, chemical enterprises have used the funds raised to expand industrial expansion, which has promoted the steady development of my country's chemical industry.

This article is transferred from [Gade Chemical Network], original text: http://news.china.guidechem.com/2018/03/28/309670.html