Fine chemical industry is a comprehensive and technology-intensive industry. It is an emerging field in the chemical industry, and also one of the most dynamic emerging fields in the chemical industry today. It is an important part of new materials. Fine chemical products have many kinds, high added value, wide applications and large industrial correlation, which directly serve many industries of the national economy and various fields of high-tech industries.

一.精细化工行业概况

(1) Industry classification

Fine chemical industry is usually divided into traditional fine chemical industry and new fine chemical industry according to different application fields. Among them, the representative products of traditional fine chemicals are pesticides, dyes and coatings, etc., which are mature in development. New fine chemicals mainly include food additives, adhesives, gas agents, surfactants, petrochemical additives, biological chemicals, electronic chemicals and so on. The details are as follows:

(2)Product characteristics

Fine chemicals come in many varieties, including inorganic compounds, organic compounds, polymers, and their compounds. The common characteristics of production technology are:

(3) Industry-related policies

In recent years, the state has issued policies to support the fine chemical industry and promote green, low-carbon and circular development. In March 2021, the 14th Five-Year Plan was adopted by the Fourth session of the 13th National People’s Congress, which proposes to strengthen biotechnology, new materials, green environmental protection and other industries, promote the development of advanced manufacturing clusters, accelerate green, low-carbon and circular development, and comprehensively improve the efficiency of resource utilization. The above policies effectively promote the healthy and rapid development of fine chemical industry and circular economy. Specific policies and contents are as follows:

二.Market status

(1) Market size

China attaches great importance to the development of fine chemical industry, which has become one of the important development directions of the chemical industry at present. According to the statistics of the National Bureau of Statistics, the total industrial output value of the fine chemical industry increased from 1,267.421 billion yuan in 2008 to 4,3990.50 billion yuan in 2017, with an average annual compound growth rate of 14.83%. According to public information, the total output value of China’s fine chemical industry in 2021 exceeded 5.5 trillion yuan, and is expected to exceed 11 trillion yuan in 2027. The rate of fine chemical industry in the United States, the European Union and Japan is close to or above 60%, and China plans to raise the rate to 55% by 2025.

(2) Market segmentation analysis

1. Industry market size

Since the reform and opening up, driven by the national policy and agricultural development, our country pesticide industry has made great progress. Along with the gradual maturity of the domestic chemical industry system and the continuous improvement of the extension application system of agricultural science and technology, our pesticide industry has formed a huge scale. At present, China’s pesticide industry has formed a relatively complete industrial system including scientific research and development, raw materials, intermediates, active drug production and preparation processing. There are more than 2,000 pesticide production enterprises, including more than 500 active drug enterprises and more than 1,500 preparation enterprises, which can produce more than 700 active drug varieties and more than 40,000 preparation varieties. At the same time to meet the domestic agricultural needs, but also in the international market occupies an important position. China Commercial Industry Research Institute predicts that the sales revenue of China’s chemical pesticide industry will reach 262.33 billion yuan in 2023.