The Development Prospects of Electronic Chemicals in China
Release time：
2023-03-10
Source：
network
The transfer of electronic chemical production capacity to China has become a trend. From a regional perspective, the Asia Pacific region, especially in China, has become the leading market for the global electronics industry and its chemicals. Companies including Rohm&Haas (now Dow), Honeywell, Mitsubishi Chemical, and BASF are competing to place their electronic chemicals business in the Asia Pacific region, including domestically. The abundant raw materials, relatively low labor costs, and proximity to downstream demand in China have obvious advantages, and the transfer of electronic chemical production capacity to China has become a trend.
The transfer of electronic chemical production capacity to China has become a trend. From a regional perspective, the Asia Pacific region, especially in China, has become the leading market for the global electronics industry and its chemicals. Companies including Rohm&Haas (now Dow), Honeywell, Mitsubishi Chemical, and BASF are competing to place their electronic chemicals business in the Asia Pacific region, including domestically. The abundant raw materials, relatively low labor costs, and proximity to downstream demand in China have obvious advantages, and the transfer of electronic chemical production capacity to China has become a trend.
In terms of policy, the government has increased its support. Major policies such as the "Twelfth Five Year Plan" for strategic emerging industries and the "Twelfth Five Year Plan" for new chemical materials have been successively introduced in China, and corresponding industry incentive measures and policies have also been successively introduced, such as re approving the issuance of polysilicon licenses, fluorine chemical industry access, rare earth access and integration, national major projects for "nuclear high-tech", and the "National Eight Articles" for integrated circuits. Domestic enterprises have the strength to participate in industry competition in the fields of liquid crystal materials (LCD), PCB chemicals, packaging materials, high-purity reagents, capacitor chemicals, battery materials, photovoltaic chemicals, electronic pharmaceutical reagents, as well as electronic fluorine chemical and electronic phosphorus chemical. With favorable policies, the domestic electronic chemical industry will show a high growth trend.
The growth rate of the domestic electronic chemical industry exceeds that of the world. In the past decade, the global electronics industry has developed rapidly, and the corresponding electronic chemicals industry is also in a stage of rapid growth. The average annual compound growth rate of global electronic industrial chemicals from 2010 to 2015 is 13%, and it is expected that the global electronic chemical market size will reach 48.8 billion US dollars by 2015. The composite growth rate of the domestic electronic chemical industry is 15%, and by 2015, the domestic market capacity was 49 billion yuan.
The differentiation of various sub industries in electronic chemicals is evident. While the industry is growing rapidly, the differentiation of various electronic and chemical products is becoming increasingly evident. For some materials with concentrated demand and long-term dependence on imports, such as lithium battery materials and photovoltaic materials, whether it is policy encouragement, government support, or capital investment, they are greatly promoting the rapid development of the industry. However, we need to note that this rapid development is not steady and steady, as the industry has seen a large number of redundant production capacity and uneven product quality. At the same time, from the perspective of downstream industries, taking lithium batteries as an example, the growth demand for lithium batteries used in consumer products is slowing down, and the low-speed electric vehicle lithium battery market is not hot and can not quickly absorb excess production capacity, resulting in a decline in the profit margin of related electronic chemicals. But as the peak of new production capacity investment passes and downstream demand gradually recovers, the profits of related chemicals will stabilize and slowly enter the recovery channel.
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