Fine chemical industry originated from coal chemical industry. In the 1970s, limited by the process routes and economic benefits of coal chemical industry, major chemical enterprises such as BASF, Bayer, DuPont, and Teijin in Germany began to vigorously develop petrochemical industry. Later, they gradually turned to fine chemical industry. These enterprises adjusted their chemical industry product structure and innovated their processes based on market and efficiency, and their focus of transition was concentrated on fine chemical industry. The development of fine chemical industry has become a global trend, and fine chemical industry plays an increasingly important role in industrial applications and economic development.
The fine chemical industry in our country started relatively late and the overall technological level is relatively backward. Since the reform and opening up, with the development of China's economy and the improvement of its technological level, the fine chemical industry in our country has made great progress. Over the years, it has gradually formed a relatively complete industrial layout, and some fine chemical products have gained certain international competitiveness, gradually becoming an important processing and export place for fine chemical raw materials and intermediates in the world. However, compared with developed countries, there is still a significant gap in China's fine chemical industry, which generally presents the characteristics of being large but not strong, with "low-end surplus and high-end shortage", low refinement rate, and high dependence on foreign countries.
Fine chemical products have high requirements for technology and equipment, and the development cycle of new products is long and requires significant investment. Due to their first mover advantage, international industry giants from developed countries such as Europe and America have advanced technologies in numerous fine chemical sub sectors, occupying a high market share.
In recent years, emerging markets represented by China have developed rapidly. Through technology introduction and independent research and development, the technological content and quality of products have significantly improved. Coupled with obvious cost advantages, they are increasingly favored by capital; At the same time, due to the long and complex industrial chain of the fine chemical industry, which has the foundation of global division of labor and cooperation, the fine chemical industry chain is showing a trend of transferring to emerging markets, and fine chemical enterprises in emerging markets are facing huge opportunities for industrial transfer.
In 2022, the total output value of China's fine chemical industry is about 5.7 trillion yuan, a year-on-year increase of 16.3%, accounting for 43.7% of the total output value of the chemical industry. In 2023, with the recovery of domestic and international economies and the increasing demand for fine chemical products, China's fine chemical industry has maintained a rapid growth momentum. It is expected that the total output value for the year will reach 6.1 trillion yuan, a year-on-year increase of 7%, and the proportion of the total output value of the chemical industry will increase to 44.2%.
From 2023 to 2027, China's fine chemical industry is expected to maintain an average growth rate of around 10%. By 2027, the total output value of China's fine chemical industry is expected to exceed 11 trillion yuan.
Diphenyl ether manufacturer