The market status and development prospects of the fine chemical industry

Mondo Finance Updated on 2024-02-01

(1) Overview of the fine chemical industry

Fine chemical industry is a general term for the production of fine chemicals, referred to as "fine chemicals". Fine chemical industry is a chemical industry system that carries out deep processing of basic chemical raw materials and produces chemical products with specific functions and specific purposes, and the production process of the industry has high technical content, focusing on technology development, updating and technical services for customers.

Fine chemicals are basically classified according to the function of the product, including two parts: traditional fine chemicals and new fields of fine chemicals, and the products coverPharmaceutical, pesticide, functional polymer materialsand more than 40 industries and categories, with more than 100,000 products. With the development of the national economy, the development and application fields of fine chemicals continue to expand, and new categories will continue to increase.

(2) The development prospect of the fine chemical industry

Fine chemical productsThere are many types, high added value, wide use, and large industrial relevanceVigorously developing fine chemicals has become a strategic focus for countries around the world to adjust the structure of the chemical industry, upgrade the chemical industry and expand economic benefits. The rate of fine chemicals (the proportion of fine chemical output value in the total output value of chemicals) has become an important indicator to measure the degree of development of the chemical industry and the level of chemical science and technology in a country or region.

According to the seminar on "Ideas and Countermeasures for the Development of Fine Chemical Industry in 2017-2025" held by the Chemical Industry and Engineering Society of China, the development target of China's fine chemical industry rate in 2021 is 50%, while in developed countries it will reach more than 60% in 2016, and China's fine chemical industry still has a lot of room for development. With the support of national policies, the continuous progress of technology and the rising demand for fine chemical materials in downstream industries, it will further promote the development of the domestic fine chemical industry, and the future development space of the domestic fine chemical industry is large.

According to the China Chemical Information Association, the size of China's fine chemical market will exceed 55 trillion yuan, with a compound annual growth rate of 8, is expected to exceed 11 trillion yuan in 2027.

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