In order to deeply interpret the development status of the polycarbonate industry and judge the future trend, Zhiyan Consulting has carefully compiled and launched the "Analysis of the Development Situation and Investment Prospect of China's Polycarbonate Industry from 2024 to 2030" (hereinafter referred to as the "Report"). This report is not only a comprehensive and detailed combing of China's polycarbonate market, but also the crystallization of Zhiyan Consulting's continuous tracking, on-site visits, in-depth research and accurate analysis over the years. It aims to help industry elites and investors grasp the pulse of the market more accurately, gain insight into industry trends, and provide strong support for future decision-making.
The report mainly studies the development of China's polycarbonate industry, involving polycarbonate production capacity, output, imports, exports, domestic consumption, average market price, market size and other subdivision data.
The report analyzes the development of the polycarbonate industry in an all-round way from the aspects of domestic and foreign economic environment, domestic policies and development trends, and provides corresponding suggestions and decision-making support for industry manufacturers to grasp the industrial dynamics and future innovation trends.
Polycarbonate (PC) is a class of polymer compounds synthesized by transesterification reaction or esterification reaction, and its molecular chain contains multiple carbonate groups. It is a linear polymer material prepared by bisphenol A (BPA) and dicarbonate (such as diphenyl carbonate) through polycondensation reaction, which has the characteristics of high transparency, high strength and toughness, heat resistance, and electrical insulation.
The polycarbonate industry is developing rapidly, driven by mainland policy support, technological progress and market demand. As an important engineering plastic, polycarbonate has become an important part of the field of polymer science due to its excellent physical and chemical properties and wide range of applications. In recent years, with the development of the economy and the advancement of industrialization, the demand for polycarbonate in the fields of electronic and electrical, building materials, automobile industry, medical equipment and other fields has been increasing. At the same time, the rapid development of emerging markets such as new energy vehicles, photovoltaic power generation, 5G communication equipment, etc., has further boosted the demand for polycarbonate.
According to statistics, the size of the mainland polycarbonate market will reach 55.07 billion yuan in 2022, and in 2023, due to the continuous release of the production capacity of the head manufacturers, the market supply will increase significantly, and the demand growth will be relatively slow, especially the slowdown in the market growth of consumer electronics, which will directly affect the demand for polycarbonate, and the oversupply situation will intensify, which will directly lead to a decline in price and market size. According to statistics, in 2023, the output of the mainland polycarbonate industry will be 2.255 million tons, an increase of 557,000 tons from 2022, the demand will be 2.958 million tons, an increase of 165,000 tons from 2022, and the market size will be 47.75 billion yuan, a decrease of 7.32 billion yuan from 2022.
At present, the upstream raw materials of the industrial chain of the mainland polycarbonate industry include bisphenol A, phosgene (carbon monoxide, liquid chlorine synthesis), liquid alkali, etc., among which, bisphenol A accounts for 59% of the cost of the main raw materials of the dominant phosgene method. The midstream of the industry is polycarbonate, and there are currently three mainstream PC production processes, phosgene, non-phosgene, and melt transesterification. In recent years, the self-sufficiency rate of PCs in mainland China has risen significantly. Polycarbonate has good comprehensive properties, such as strength, toughness, transparency, heat resistance and cold resistance, easy processing and flame retardancy, and the downstream of the industry is mainly used in electronic appliances, plates and automobiles, these three industries account for about 80% of polycarbonate consumption. Thanks to the improvement of product quality, competitiveness and the further expansion of applications in downstream industries, it is widely used in industrial machinery parts, CD, packaging, office equipment, health care, film, leisure and protective equipment and other fields.
As the only transparent plastic among the five engineering plastics, polycarbonate has excellent comprehensive properties and its application in various fields is growing rapidly. The representative companies of global polycarbonate include Mitsubishi Chemical, Formosa Petrochemical, BASF, LG Chem, Covestro, etc. Domestic polycarbonate (PC) production enterprises are mainly distributed in Beijing, Shandong, Zhejiang, Henan, Tianjin, Hebei, Shanghai, Hubei, Sichuan and other regions, including Covestro (China), Luxi Chemical, Wanhua Chemical, Emperor (Jiaxing), Mitsubishi Gas (Shanghai), Cangzhou Dahua, Pingmei Shenma, Lihua Yiweiyuan Chemical, Shengtong Juyuan, Zhejiang Iron Dafeng, Yangmei Group, Qingdao Hengyuan Chemical, Zhonglan Guosu, Hubei Ganning Petrochemical, Sinopec Mitsubishi Chemical, Zhejiang Petrochemical, Zhongsha (Tianjin) Petrochemical, Hainan Huasheng, including Covestro (China), Luxi Chemical, Wanhua Chemical, Emperor (Jiaxing), Mitsubishi Gas (Shanghai), Cangzhou Dahua, Pingmei Shenma 7 use phosgene method or traditional transesterification method, and the remaining 10 use non-phosgene transesterification method.
The research team of Zhiyan Consulting conducted an in-depth analysis on the scale, industrial structure, key enterprises, and industrial development trends of China's polycarbonate industry, and put forward suggestions on the problems existing in the development of the polycarbonate industry, providing reference for local governments, industrial chain related enterprises, and investment institutions.
Data Description:
1: The core data of this report has been updated to December 2023 (the relevant financial indicators of non-listed companies in the report are affected by corporate credit approval, and there may be a certain lag), and the forecast period of the report is 2024-2030.
2: In addition to the first-hand research information and data, authoritative data sources such as the National Bureau of Statistics, China Customs, industry associations, and public reports of listed companies (prospectuses, transfer prospectuses, annual reports, inquiry reports, etc.) also constitute the data sources of this report. The first-hand data comes from the first-hand information data obtained by the research team from interviews with key enterprises in the industry, and the main interview subjects include corporate executives, industry experts, technical leaders, downstream customers, distributors, agents, distributors and upstream raw material suppliers. Secondary sources mainly include relevant industry news, company annual reports, non-profit organizations, industry associations, government agencies and third-party databases from around the world.
3: The core data of the report is based on the strict data collection, screening, processing, analysis system and independent calculation model of the Zhiyan team to ensure the accuracy and reliability of statistical data.
4: The data used in this report are all from compliance channels, and the analysis logic is based on the professional understanding of the Zhiyan team, which clearly and accurately reflects the research views of analysts.
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