The scale of new chemical materials industry is growing

The development of new chemical materials industry is inseparable from the leading role of the market. The development of new energy vehicles, biology, high-end equipment, new energy, environmental protection and energy conservation, rail transit and other industries urgently need the support of a large variety of functional new chemical materials. Based on the analysis of the development characteristics of the industry mentioned above, the self-sufficiency rate of some high-performance new chemical materials in China is still unable to fully meet the market demand, and the industry still has a large development space.

From 2017 to may 2021, the number of new chemical material enterprises in China showed a trend of first increasing and then decreasing. In 2019, the number of large-scale existing enterprises of new chemical materials in China was 475, reaching the peak in recent five years. In 2020, the number of existing enterprises was 433, a year-on-year decrease of 9.6%; The horizontal integration trend of the market is obvious, and it is predicted that the industry concentration will be further improved in the future.