Development prospect and investment strategy of China's chemical fiber industry in 2024-2029

2. The concept of green environmental protection promotes the development of polypropylene

Traditional chemical fiber manufacturing industry or downstream textile industry due to the production process discharge of a large amount of sewage, resulting in a greater impact on the environment. With the concept of environmental protection deeply rooted in the hearts of the people, the government has introduced policies to gradually eliminate backward production capacity with large pollution, and strives to promote the development of green environmental protection fibers. Polypropylene production is melt spinning technology, no solution is used, no sewage discharge in the production process, to avoid the environmental pollution and energy consumption of the subsequent printing and dyeing links, so polypropylene is an environmentally friendly chemical fiber. Under the background of pursuing green environmental protection, polypropylene has a broad market prospect.

3, the continuous improvement of residents' income drives the development of downstream polypropylene industry

The demand for polypropylene fiber in luggage webbing and clothing fabrics is closely related to consumer consumption habits. With the increase of residents' disposable income, consumers tend to upgrade their consumption level and prefer high-quality consumer goods. From the perspective of the field of luggage webbing, with the increase of residents' income, domestic tourism and overseas tourism have developed rapidly, driving the steady growth of the luggage market, and the demand for business travel is also showing a growing trend. From the perspective of the clothing field, because the fabric woven by polypropylene fiber has good perspiration, can keep the clothes dry, while the weight is lighter than polyester, the future with the continuous improvement of people's consumption level, consumption concept change, the application of polypropylene in clothing fabric is expected to become a growth point in the industry. Therefore, the increase in residents' income will be conducive to the development of the polypropylene market.

4, polypropylene applications continue to expand, penetration

The traditional application fields of polypropylene are mainly bags and bags, clothing, but with the improvement of polypropylene production technology and the improvement of production process, and based on the inherent high strength, light weight, acid and alkali resistance, non-water absorption and other characteristics of polypropylene, its application field has been continuously expanded and penetrated. Polypropylene has developed high-strength, flame retardant, anti-static, anti-fouling, anti-ultraviolet, anti-aging, far infrared, conductive, electric heating and other differential polypropylene, as well as fine denier, ultra-fine denier, shaped section polypropylene, its application field has been expanded to industrial filter cloth, engineering geotextile, water pipe cloth cover, door and window top and other new fields. In the future, with the development of more new composite sea island and leather core polypropylene fiber and the progress of production technology, the application field of polypropylene fiber will continue to expand and penetrate new fields such as energy and military industry.

5. Supply-side reform promotes market concentration

The chemical fiber industry is the traditional pillar of the national economy and an important livelihood industry, which plays an important role in the prosperity of the market, increasing the income of urban residents, and promoting the development of urbanization. China's chemical fiber output ranks first in the world, but there is still much room for improvement in technology, management, brand and innovation. Under the background of the supply-side reform of traditional industries, the chemical fiber industry is stepping up the adjustment and optimization of the industrial structure, and smaller polypropylene enterprises will face the situation of being eliminated, and market concentration will be further improved.

(2) Unfavorable factors for the development of chemical fiber industry

1, the overall technical level of the industry is low from Rui Guan network "2023-2028 China chemical fiber industry development forecast and investment Analysis Report"

Compared with similar foreign enterprises, domestic polypropylene enterprises have backward technology and equipment, weak technology development ability, less investment in research and development, and the overall awareness of enterprise innovation is not strong. At the same time, China's textile machinery and equipment compared with foreign well-known enterprises, the technical level is still a certain gap, which has a certain impact on the development of China's polypropylene industry.

2, the price of raw materials fluctuate greatly

The chemical fiber industry has a close relationship with the oil and its derivatives market, and the rise in oil prices directly affects the increase in raw material costs. In recent years, the price of international crude oil has fluctuated sharply, causing the price of polypropylene to fluctuate greatly. For enterprises with conventional production, subject to the limited bargaining power of downstream enterprises, fluctuations in raw material prices have a great impact on the company's profit level. Differentiated, high-quality polypropylene production enterprises have strong bargaining power for downstream customers and are less affected by raw material price fluctuations.