Analysis of China Polyurethane Industry in 2020: Market Status, Difficulties, Prospects and Trends

As an indispensable and important raw material in the process of polyurethane synthesis, the demand of polyurethane chain extender is mainly affected by the demand fluctuation of downstream industries.

I. Market status of polyurethane industry

With the continuous development and deepening of the application field of polyurethane in recent years, polyurethane products have achieved rapid growth in production and sales in many fields such as construction, electronic equipment, new energy and environmental protection. Data show that the consumption of polyurethane has continued to grow from 2010 to 2018. The production of polyurethane products in China reached 6.5 million tons in 2010 and 13 million tons in 2018, with an annual compound growth rate of 9.05%. The China Industry and Commerce Research Institute predicts that China's polyurethane outhengjiuzibo.com target='_blank'>put will reach 14.67 million tons in 2020.



II. Development dilemma of polyurethane industry Data source: China Polyurethane Industry Association and China Commercial Industry Research Institute

1. The price of raw materials fluctuates greatly

The main raw materials of chain extender are basic chemical products, which are easily affected by the price fluctuation of upstream crude oil. In recent years, international crude oil prices fluctuate frequently, which hengjiuzibo.com target='_blank'>puts forward higher requirements for inventory management and cost control of enterprises in the industry.

2. Insufficient technological innovation ability of domestic enterprises

Compared with developed countries in Europe and the United States, polyurethane industry in China started late. Although polyurethane manufacturing enterprises in China have invested a lot of product research and development costs and some of their products have achieved international fame, there is still a certain gap between the overall technical level and the international level, so we need to pay close attention to technological innovation and improve the competitiveness of products.

III. Development prospect of polyurethane industry

1. National industrial policy support

The national policy encourages the research and development and production of new polyurethane materials, and gives appropriate environmental protection policy preference to environment-friendly and green products, so as to accelerate the transformation and upgrading of the polyurethane industry, improve the quality and efficiency, and effectively improve the core competitiveness and sustainable development ability of the manufacturing industry. Polyurethane chain extender, as a key field in the production process of polyurethane products, has benefited from the above favorable policies, and the manufacturing industry of polyurethane materials and raw materials belongs to the strategic emerging industry of national key development.

2. The demand of the downstream industry continues to grow steadily

Polyurethane products are widely used in furniture, interior decoration, home appliances, footwear materials and packaging and other traditional fields, these traditional fields will continue to develop with the development of China's economy, the demand for polyurethane products will continue to expand. With China's industrial upgrading and transformation of industry structure, deepening and national "energy conservation and emissions reduction" idea for the development of the sports industry to encourage guidance, as hengjiuzibo.com target='_blank'>polyurethane elastomer, coating in the construction and application of railway industry will usher in huge opportunities, polyurethane paving materials will be unprecedented wide application, for the development of polyurethane chain extender industry has provided a broad market space.

3, improve the industrial innovation mechanism to enhance the competitiveness of products

Industry around the industry transformation and upgrading of enterprises and the major common needs of the development of a new generation of polyurethane materials, forming a batch of polyurethane industry innovation center (industrial technology research base), based on the industry and the common key technology research and development, the achievement industrialization, personnel training and other work, strive to improve the industry technology innovation mechanism. At present, liquid HQEE and HER with original independent intellectual property rights have also realized industrial production. The chain extender with advanced technology has begun to occupy the international market while realizing import substitution, and the technological progress has enhanced the competitiveness of the product.

4. The protection of intellectual property rights has received increasing attention

Polyurethane chain extender industry is a technology-intensive industry, research and development, experiment and production need a large number of professionals, high added value of products, its core technology lies in product molecular structure design, chemical synthesis and formula combination. In recent years, with the promulgation of various intellectual property protection laws and regulations, the state has increasingly strengthened the protection of intellectual property, which provides a strong guarantee for the future rapid development of enterprises with independent innovation ability and independent intellectual property rights.

IV. Development trend of polyurethane industry

1, polyurethane chain extender demand growth space is broad

As an important raw material of polyurethane products, the demand of polyurethane chain extender is increasing day by day. The polyurethane manufacturing industry in China started late and had small-scale production facilities only in the 1970s. With the gradual establishment and improvement of supporting system since 1980s, China's polyurethane industry began to develop rapidly, and the annual outhengjiuzibo.com target='_blank'>put growth rate was once more than 20%. Since the beginning of the 21st century, polyurethane industry has gradually become one of the fastest growing industries in China's chemical industry.

2. Energy saving and environmental protection polyurethane chain extender will become the mainstream of the market

Concept of "green" development of the fifth plenary session of the party's 18 proposed "adhere to the basic state policy of resource conservation and environmental protection, insist on sustainable development, speed up the construction of resource saving and environment-friendly society", is expected under the existing policies to guide environmental protection, safety, green, energy saving, low carbon type polyurethane chain extender polyurethane chain extender agent market in China will gradually become mainstream.

3. Improving the technical level of the industry will gradually promote the substitution of domestic products for imported products

In recent years, with the improvement of the overall production technology level of chain extender in China, the quality and performance of some domestic products have reached or even surpassed that of similar foreign products, and are gradually replacing imports and becoming the main source to meet the demand of the domestic market. At present, the market of polyurethane chain extender in China has broken the monopoly of foreign enterprises, most of the products have been domesticated, and the products developed by a few enterprises have reached or even exceeded the technical indexes of similar foreign products, gradually replacing imported products in the domestic market and entering the international market at the same time.

4. Industry policies encourage the promotion and application of polyurethane chain extender

According to the Petrochemical and Chemical Industry Development Plan (2016-2020), China will accelerate the application technology development of new chemical materials and other new products, pay attention to combining with the terminal consumption demand, break through a number of key technologies, and accelerate the cultivation of new product market. During the "13th Five-Year Plan" period, we will focus on the development of new high-performance polyurethane chain extender. It is used to meet the production needs of downstream diversified polyurethane products.