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Understanding China's Chemical Industry
Energy Business Reports, Feb 2008, Pages: 42
The chemicals market worldwide consists of base, consumer, pharmaceutical, specialty and fine chemicals.
China has a large chemicals market, second in size only to Japan in the Asia-Pacific region. Its double figure growth, currently the most rapid in the world, is set to continue. By the end of 2007, it is likely to have overtaken Japan in terms of its market value, to become the largest chemicals market in the region.
The chemicals industry is the third-largest industry in China after textiles and machinery. China accounts for 35-40% of global demand growth for chemicals, and is the second-largest chemicals consumer after the U.S., accounting for 15% of total global demand. The Chinese chemicals market has experienced strong growth in recent years but it has been low when compared to the GDP and growth in other industries. China's chemicals industry, accounts for more than 5% of world chemical process companies, as companies worldwide are taking advantage of China's vast and inexpensive labor force by moving some of their operations there.
This report, Chinese Chemical Industry, analyzes the uniqueness of the chemical industry in China and the segments, which, as a whole, make up this dynamic industry. The massive consolidation movement taking place in the industry is looked at in the report, with the requirement of heavy capital investment that has brought in more competition.
The report also looks at the industry’s dynamics like competition, infrastructure and the regulatory policies. The report further profiles some of the leading players in the industry along with some of the leading chemical parks in China.
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