Future prospects of China's chemical industry

Enterprises in the chemical industry mainly add value to raw materials by mixing, separating, crushing, heating and other physical or chemical processing methods. At present, the chemical industry, as one of the basic industries of China's national economy, has experienced more than 50 years.The development of has covered organic chemical raw materials, inorganic chemical raw materials, petroleum and products, resins, chemical fibers, additivesAgents, daily chemicals, reagents, dyes, pigments,Urea， coatings, fertilizers, pesticides, inks, plastics and products, rubber and products, glass and products, alcohol, cement and many other fields are closely related to human production and living resources.

In terms of informatization, the informatization application of chemical enterprises in China is still in its infancy, although some enterprises have made considerable progress in their internal informatization construction. A few enterprises can benefit from the fact that they have truly realized the informatization of enterprise overall management and operation. There are few enterprises that can realize the integration of information resource sharing, interaction and control with the outside world. Therefore, on the whole, the informatization level of China's chemical enterprises needs to be further improved.

What is the future prospect of China's chemical industry? It can be analyzed from these five aspects

1、 The prospect of chemical industry is broad

In the long run, chemical industry, as a basic industry supporting human survival and development, has broad prospects. Aging, digitalization, population base growth and urbanization, expansion of enterprise strategic boundaries, low carbon from concept to implementation, reaching global consensus on green development and other major trends have all brought sustainable development opportunities to the chemical industry.
In the past two decades, the competition in the chemical industry chain has mainly focused on application development and business model innovation, while ignoring the research and development of products themselves. However, in the context of declining global market share and energy transformation, chemical enterprises will restart research and development and win again in the next five years.
Thanks to the broad market, complete industrial chain, perfect infrastructure and talent bonus, Made in China has core competitive advantages in the global industrial chain that other developed and developing economies do not have. These advantages will remain sustainable for a long time to come.
At present, opportunities and challenges coexist in the development of China's chemical industry. The development of terminal industry, continuous investment in scientific and technological research and green development will promote China's chemical industry to build a new global competitiveness. For enterprises that do not really carry out R&D and innovation, the probability will decline in the 2025 cycle.
Through the introduction of the above five points, we believe that people have a more accurate understanding of the future trend of China's chemical industry.

2. Focus on R&D and win again

3. After the rapid expansion of China's chemical industry, the focus is on structural optimization

In recent years, China's position in the global chemical market has risen rapidly and its market share has increased significantly. However, in the next five to ten years, after the rapid expansion of China's chemical industry, there will be a risk of overcapacity around 2025, which will inevitably lead to the optimization of the industrial structure.

4. Advantages are sustainable

5. Enterprises without innovation will be eliminated