Analysis of current status and development trend of fine chemical industry

Fine chemical industry is a more comprehensive and technology-intensive industry. In recent years, various countries in the world, especially industrialized countries, have regarded the development of fine chemical products as one of the key development strategies for the upgrading and adjustment of the traditional chemical industry structure. Development" and "refinement".

Current status of fine chemical industry

For many years, my country has attached importance to the development of the fine chemical industry, and has regarded fine chemical industry as one of the strategic priorities for the development of the chemical industry. With the improvement of scientific research strength and production capacity, my country's fine chemical industry has been rapidly developed, and the refinement rate continues to increase.

At present, the subdivision of fine chemicals is increasing day by day, and its production capacity, output, varieties and manufacturers are still growing. In spite of this, compared with the developed countries with a longer history of the chemical industry, the overall technical level of China's fine chemical products is still low. There is still a gap between the core technology of the fine chemical industry and the international advanced level. High performance, functionalization and high The dependence of value-added imports of fine chemicals is still relatively high.

Compared with the level of refinement in developed countries, my country's fine chemical industry still has a lot of room for improvement. my country's fine chemical industry has not yet formed a complete industrial system, and the refinement rate is low. At present, the refined rate in developed countries is basically 60% to 70%, while my country is only about half of its standard.

There are also fewer varieties of fine chemical products in my country. At present, there are about 100,000 fine chemical products in the world, while there are about 20,000 in my country, which is only about 20% of the global varieties. Insufficient total volume, unstable quality, lack of specialized, functional, and high-performance products make it difficult to meet the needs of various market sectors, and also restrict the development of downstream industries, especially strategic emerging industries. For example, in the field of high-end electronic chemicals, almost all are monopolized by foreign products. We have already achieved the world's first number of products in the front end of the industrial chain, but the more we go downstream, the fewer varieties and the insufficient total. Even "quantity" can not reach the lead, let alone the issue of "quality".

The general idea for the future development of the fine chemical industry is:

Aiming at the major issues facing the industry in terms of safety, environmental protection, high efficiency and high-end development, starting from building a new and efficient technology system and achieving source innovation, integrating industrial technology innovation resources and leading the gathering of scientific and technological resources to advantageous enterprises;

Strengthen the innovation and development of typical chemical products and clean production complete sets of processes;

Establish an innovation system that is enterprise-centered, market-oriented, and tightly integrated with production, education, research, and research to comprehensively enhance technological innovation capabilities;

Promote industrial structure adjustment and product upgrading, and promote my country's fine chemical industry from a big country to a strong country.

Among them, the main recent goals of industrial development are:

In 2021, the total output value exceeded 5 trillion yuan, the average annual growth rate exceeded 15%, and the refinement rate exceeded 50%;

Cultivate 10 leading enterprises in subdivided industries with an annual output value exceeding 10 billion yuan;

The average annual growth rate of total industry exports exceeds 20%;

Upgrading 2~3 fine chemical parks;

10 fine chemical technology centers in new areas were established to provide technical support for industry upgrading.

According to the statistical analysis of the "In-depth Development Research of China's Fine Chemical Industry and the Investment Strategy Planning Report of the "Fourteenth Five-Year Plan" for 2020-2025 by China Research Institute:

1. Current status of the fine chemical market

In the past ten years, China's chemical product market has grown rapidly. In 2016, China's chemical product sales reached 133.1 billion euros, reaching 40% in the global market. In 2006, the total sales volume of global chemical products was 1803 billion euros, and in 2016 it reached 3.36 billion euros, an increase of 86.3%, and China contributed 70.2% of the increase.

The global chemical industry's transformation from extensive production to fine production is caused by fierce competition in the market. The high refinement rate in European and American countries has promoted the rapid growth of the global fine chemical industry. In 2018, the global fine chemical industry market reached 1.5457 billion euros.

2. Analysis of the demand structure of fine chemicals

Intermediates are a very important type of fine chemical products. Their essence is a type of "semi-finished products". The downstream industries mainly focus on medicines, pesticides and dyes. According to statistics, in the global fine chemical market in 2014, pharmaceuticals and their intermediates, pesticides and their intermediates were the top two sub-sectors of the fine chemical industry, accounting for 69% and 10%, respectively.

3. Key customers

Fine chemicals is a chemical industry that produces fine chemicals. Due to the characteristics of high added value, less pollution, low energy consumption, and small batch size, fine chemical products have become the key development targets of countries and major chemical companies in the world.

In recent years, the energy shortage problem has become increasingly prominent. In order to meet the needs of national economic development, developed countries have continuously adjusted the structure of their chemical industry products and gradually shifted the focus of the chemical industry to the development of fine chemical products. Some large international chemical companies are constantly undergoing industrial integration and transforming towards fine chemicals. For example, DuPont in the United States, BASF and Bayer in Germany have sold their basic chemical raw material product industries in recent years and turned to the development of fine chemical industries such as pharmaceuticals, pesticides and polymers.

Since the 1980s, DuPont has shifted its focus from petrochemicals to the production of pesticides, pharmaceuticals, special polymers, composite materials, anti-cancer and anti-aging drugs, health products, biomimetic products and other fine chemical products. German companies such as BASF and Bayer are also focusing on the development of fine chemical products such as agricultural chemicals, electronic chemicals, health and medical supplies, medical diagnostic supplies, information imaging supplies, and aerospace chemicals.

Due to the importance these chemical giants attach to the development of fine chemical products, great progress has been made in production technology and new product development in the field of fine chemical products. In recent years, the development of fine chemical products such as medical and health products, electronic chemicals, special polymers, composite materials and other materials has been very rapid, making the growth rate of fine chemicals in the world much faster than the development of the entire chemical industry. This shows that the fine chemical industry has good development prospects.

In recent years, in addition to the United States and Germany, countries such as Japan, Switzerland, and South Korea have also witnessed a development trend that accelerates the upgrade from the traditional chemical industry to the fine chemical industry. In my country, the development of the fine chemical industry is also increasingly valued, and the development of the fine chemical industry has become a worldwide trend.

4. Market prospect

The slowdown in global economic growth has weakened demand for the chemical market. The global chemical market demand will continue to grow in 2019, but the growth rate will slow down. Credit rating agency Moody's believes that not only will North American and European chemical demand growth slow, but more importantly, China's demand growth will also weaken. The slowdown of China's bulk chemical product market has been very obvious, and will gradually be transmitted to the downstream of the industrial chain, but it is expected that profitability will remain good.

In the past two years, due to the greater downward pressure on the economy, the global consumer demand for fine chemical products has been affected somewhat, but fine chemicals are a key component of the national economy, and its degree of development and modernization and people’s living standards Closely related. In developed countries, the proportion of fine chemicals is very large. Fine chemicals has become the main source of profit and economic growth point for the chemical industry. The global fine chemical industry still has room for development.