2021 Chemical industry development Research Report

The main participants in the upstream of China's chemical fiber industry chain are chemical fiber production raw materials and equipment providers, and the development of both is as follows:

(1) Raw material supplier chemical fiber upstream raw materials mainly include PTA (refined terephthalic acid), MEG (ethylene glycol) required for the production of polyester and caprolactam required for the production of nylon.

(2) Equipment supplier chemical fiber upstream equipment mainly includes polymerization, spinning, drawing, winding, post-processing and other key process equipment and nozzle, spinneret, winding and other equipment group accessories. At present, China's chemical fiber equipment market shows the coexistence of local and international brands.

The bargaining position of chemical fiber producers in the middle reaches is differentiated according to different product varieties, and the producers of varieties with larger production scale (represented by polyester) and differentiated varieties have stronger bargaining power.

The direct downstream of chemical fiber products is textile manufacturers, which is in a weak bargaining position as a whole, mainly including warp knitting, knitting, wool spinning, industrial silk and other weaving industries.

Chemical fertilizer and pesticide

Upstream: China has scarce potash mineral resources, potash raw materials and products have been imported for a long time, and potash production enterprises are concentrated in Qinghai, Xinjiang, Xichuan and other potassium-rich regions.

Middle reaches: In the urea production process, the gas fluidized bed coal head process can choose anthracite, bituminous coal and lignite as raw materials, and the production cost is low and the environmental pressure is moderate.

Downstream: fertilizer sales are highly dependent on offline channels, and the contribution rate of agricultural distribution stores to the sales of fertilizer products is as high as 90%, and the online channel sales account for no more than 5%.

Chemical fertilizer industry characteristics

(1) Greatly affected by national policies and still subject to state intervention

The predecessor of the fertilizer industry was controlled by the state, and the upstream industries of fertilizer, including power and coal, are still state monopolies. The state implements two policies of protection and restriction on the fertilizer industry.

(2) Fierce competition in the industry and low concentration

China's fertilizer industry enterprises are numerous, widely distributed, and local barriers are serious, resulting in low industry concentration, serious product quality, and fierce competition in the low-level market.

(3) At a disadvantage in the market value chain competition

Has little say in negotiating energy prices. Therefore, the fertilizer industry is squeezed at both ends, and the competitive disadvantage of the industry is extremely obvious.

(4) Import and export have little impact on the industry

Due to the country's import and export restriction policy, in addition to the current import volume of potash fertilizer accounts for 70% of domestic use, the import and export volume of the remaining varieties accounts for about 5% of domestic production, so the import and export impact on the industry is small.

(5) Obvious resource characteristics

The main upstream resources of nitrogen fertilizer include coal, natural gas and crude oil, in terms of the world, natural gas accounts for a relatively high proportion, while in China, coal accounts for 71%, natural gas accounts for only 23%, and crude oil products are relatively few.

(6) Seasonality and periodicity

Fertilizer is a commodity that is produced all year round and consumed seasonally. According to the growth cycle of crops, the demand for fertilizer has low and high seasons.

Technological development

According to the statistics of the number of patents of each patent applicant in the domestic chemical industry, the top ten chemical companies are successively: Sinopec, Times New Materials, Qingdao Jinwang, Jinfa Technology, Shanghai Jawa, Wanhua Chemical, Subot, Knop, General Stock, Shanghai Petrochemical, etc.

Light stabilizer in fine chemical industry is an additive that inhibits or slows down the degradation of polymer materials caused by photooxidation. Mainly used in plastics, coatings, rubber, chemical fibers, adhesives and other polymer materials and other special polymer materials, of which plastics is the largest downstream application field.

Chlorination process: Domestic companies take the lead in absorbing and mastering the mass production process of chlorination titanium dioxide. The chlorination process has low pollution and high product quality.

Technological innovation in the fertilizer and pesticide industry, the development of endogenous expansion of fungicide varieties, such as phenoxyconazole, policy supervision

The chemical industry is one of the basic industries of the national economy, especially the petrochemical industry, which is closely related to people's lives. The state's management of this industry is mainly based on the development of the industry, improving the policies on industrial market entry and operation and circulation, establishing a fair market competition order, and formulating and implementing reasonable internal and external trade policies. Through functional departments in accordance with the industrial policy to implement the combination of macro-control of government departments and industry association regulation and self-discipline management of the supervision system, to promote the intensive and large-scale development of enterprises. The National Development and Reform Commission undertakes the macro-control function of the chemical industry, mainly responsible for studying and analyzing the industrial development situation, organizing the formulation of industrial policies, putting forward policy suggestions for optimizing the industrial structure, ownership structure and enterprise organizational structure, and supervising the implementation of industrial policies.