The intermediate industry in China started in the 1970s. Although it started relatively late, since the 1990s, with the rapid development of China's basic industries and industries, the rapid progress of domestic production technology, and the continuous improvement of raw material and capital supply, the global production and trade center of organic chemical intermediates has gradually moved eastward, gradually forming an organic chemical intermediate production and trade zone with China and India as the core.
After more than 30 years of development, China's intermediate production can now meet the production needs of downstream industries such as pharmaceuticals and pesticides. Only a small portion needs to be imported, and in certain products and fields, such as trimethyl orthoformate and triethyl orthoformate, it has strong international competitiveness and has begun to export in large quantities.
In terms of China's chemical intermediate market, according to statistics, the market size of Chinese chemical raw materials accounts for about 68.3% of the global market. Intermediates are intermediate products in the production process of raw materials and are key products in the pre production process of raw materials. Only through intermediates can raw materials be manufactured. Preliminary statistics show that the market size of China's chemical intermediate market in 2020 was about 66 billion US dollars.
Pharmaceutical intermediates are the main segmented market for chemical intermediates
In terms of market structure, according to calculations, the market size of traditional Chinese medicine intermediates in China's chemical industry is currently the largest, accounting for 45%, pesticide intermediates account for 28%, dye/pigment intermediates account for 3%, and other types of chemical intermediates account for 24%.
From the perspective of the global competitiveness of China's chemical intermediate market, in 2019, China's chemical intermediate market accounted for 59% of the global market size, with the pharmaceutical intermediate market accounting for 60% of the global market size, the pesticide intermediate market accounting for 82% of the global market size, and the dye/pigment intermediate market accounting for 44% of the global market size.
From the perspective of the market prospects of chemical intermediates, intermediates are a very important type of fine chemical products, located at the forefront of the fine chemical industry. Their main role is to continue producing fine chemical products, and the Fine Chemical Professional Committee of the Chinese Chemical Society has also pointed out in its development plan to strengthen the cultivation of China's fine chemical industry.
In terms of the market, large-scale markets in agriculture, medicine, and other fields will still increase the market size of chemical intermediates. It is expected that by 2026, the market size of chemical intermediates in China will be about 110.7 billion US dollars.
Diphenyl ether manufacturer