The market for fine chemical products has grown rapidly

In recent years, the total annual sales of chemical products in the world is about US$1.5 trillion, and the annual total sales of fine chemicals and specialty chemicals are about US$380 billion. Among them, the average annual growth rate of fine chemicals and specialty chemicals is about 5%-6%, which is 2-3% higher than that of the chemical industry. It is estimated that by 2010, the average annual growth rate of fine chemicals in the world will be 6%.

Chang Zhongzhi, a researcher in the chemical industry of China Investment Advisors, pointed out that in recent years, with the continuous development of the world economy and the improvement of the level of science and technology, the world's fine chemical industry has gradually entered a mature period of development. At present, the development speed of fine chemicals and specialty chemicals has been higher than that of ordinary chemical products, and the refinement rate of various countries is constantly increasing.

According to the “2010-2015 China Fine Chemical Industry Investment Analysis and Forecast Report” released by China Investment Advisor, the refinement rate in developed countries was about 45-55% in the 1980s and 55-63% in the 1990s. Today, in the 21st century, the refined rate of developed countries has reached 60-70%. The refinement rate in China has also been increasing in recent years. Among them, in 2008, the refined rate in China was about 35%. By 2009, the refined rate in China has reached 40%.

Chang Zhizhi further pointed out that the level of refinement is an important indicator of the level of development of a chemical industry in a country or region. Moreover, the development of the fine chemical industry is closely related to the economic scale of a country and the development level of the basic petrochemical industry. At present, the world’s production and consumption of fine chemicals and specialty chemicals are mainly concentrated in developed countries and regions such as the United States, Western Europe, and Japan. The total volume of specialty chemicals in these countries and regions accounts for approximately 3% of the global special chemicals turnover. /4 or more, the finest rate is also the highest.

Chang Yongzhi believes that because fine chemicals and specialty chemicals are closely related to the size of the economy, in the future, as the industrialization of developing countries improves, the market space for global fine chemicals and specialty chemicals will gradually expand, thereby increasing fine chemicals. The consumption of products and specialty chemicals. Zhang Yinglin, research director of China Investment Consulting Co., Ltd., also believes that fine chemical industry is an important part of the chemical industry. The future industrialization of developing countries will provide a broad market space for fine chemical products, which will accelerate the market growth of fine chemical products.