Panoramic analysis of the development of chemical fiber industry in China

The appreciation of RMB has a certain impact on textile exports. In recent years, the appreciation of RMB generally shows a trend of appreciation, and the appreciation of RMB has a great impact on the profit of export enterprises. The appreciation of RMB will not only squeeze the profit margin of enterprises, but also increase the risk of overseas orders received by export-oriented enterprises, and bring serious impact to export processing enterprises.

The security and stability of the industrial chain and supply chain need to be further improved. China's chemical fiber basic raw materials are highly dependent on foreign countries, petroleum-based chemical fiber accounts for more than 90%, petroleum raw material imports about 70%, wood pulp imports 85%; There are shortcomings in the core technology of key links, such as chemical fiber winding head, control software, functional additives, and oil agent dependence on imports, which may lead to data security and industrial chain security problems.

Third, chemical fiber industry barrier analysis

(1) Product development barriers

Chemical fiber production enterprises need to continue to develop high-tech and differentiated products in order to meet the special needs of downstream customers for green, differentiated, personalized consumption upgrading, and so on, so there are high product development barriers. Specifically, first of all, enterprises need deep technical precipitation and industry experience, accurately identify customer needs and carry out technical translation and conversion, and develop customized products that meet specific applications. Secondly, the research and development of chemical fibers requires professional knowledge such as polymer materials science, the research and development process needs to go through repeated trials and formulation debugging, and the research and development personnel are required to have rich experience in order to ensure the smooth completion of product development. At the same time, in order to make chemical fiber products achieve specific colors and functions, the production process needs to be precise control of technical equipment and process parameters, and the technical support of the research and development database is required, so the research and development of chemical fiber to the process is more difficult. Therefore, the ability to develop high-tech and differentiated products will become a barrier for new entrants.

(2) Production process barriers

The production process barriers of chemical fiber products are high, which is reflected in the following aspects: First, the production of high-performance index products requires fine control of spinning temperature, pressure, cooling wind temperature, wind speed and other parameters, requiring enterprises to be equipped with advanced production equipment, constantly optimize the production process, and accumulate production experience. The second is the focus of chemical fiber types, technology enterprises are mostly small batch, multi-variety production mode, enterprises also need to optimize the process to improve the flexibility of production. Therefore, new entrants will face high production process barriers.

(3) Customer market barriers

The upstream and downstream of the chemical fiber industry usually form a relatively stable supply chain relationship, which forms a certain barrier to new entrants. On the one hand, due to the subtle differences in the quality and technical indicators of the fibers produced by different enterprises, for downstream textile enterprises, this difference in raw material indicators will lead to changes in their production process parameters. Therefore, downstream textile enterprises usually choose relatively stable chemical fiber suppliers to avoid frequent adjustment of process parameters. To improve production efficiency and ensure the stability of product quality. On the other hand, for the development and application of differentiated products, the technical exchanges between the two sides have been deepened after the establishment of the cooperation relationship, and the cooperation relationship is relatively stable, and downstream enterprises will not easily change suppliers. Therefore, there are customer market barriers in the chemical fiber industry.

(4) Financial barriers

Chemical fiber industry is a capital-intensive industry. The procurement of raw materials and production and operation of enterprises need a large amount of working capital for turnover; On the other hand, enterprises need to invest a lot of money to buy production lines and testing equipment, and later equipment maintenance is very critical, and it also requires a large capital investment. The above two aspects have higher requirements for the company's capital. Therefore, the chemical fiber industry has a high financial barrier.

Fourth, industry competition pattern analysis

The agglomeration effect of China's chemical fiber textile industry has become prominent, forming the agglomeration area of chemical fiber textile industry mainly in Zhejiang, Jiangsu and Fujian. The domestic chemical fiber industry market competition is more full, the industry concentration is low, the number of enterprises in the industry is large, mainly small and medium-sized enterprises. According to national statistics: by the end of 2022, the number of enterprises above designated size in China's chemical fiber industry has reached 2,167.