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CHINA Being a Strong Chemical Power

China is recognized as a major chemical country, accounting for 36% of global production in 2015. The vast majority of chemical production capacity has ranked first in the world. However, only Sinopec is listed among the top 50 global chemical companies, which inevitably gives people a sense of being large but not strong. There is even a view that China's leading enterprises can only reach the level of comparable overseas companies in the 1950s and 1960s in the coming years. However, for any industry, it is mostly a strong foundation, with high output and high revenue first, followed by high profits and high added value.

After more than 20 years of development, China's chemical industry has accumulated considerable strength, especially in recent years, the speed of technology improvement is extremely fast. All sub industries continue to have world-class devices put into production. Both the scale and progressiveness are in the forefront of the world. With the substantial improvement of profitability, the future technology upgrading speed will be faster. During the same period, European and American companies were affected by the financial crisis, generally reducing capital expenditure, resulting in aging devices, and stagnation in new product research and development, significantly weakening China's advantages. At present, China's chemical industry has reached a critical point where it can compete comprehensively with Europe and the United States. In the next 10 years, a number of leading enterprises will catch up with and surpass overseas chemical giants, and China will also rise to become a world-class chemical power.


China is a major supplier of polyvinyl alcohol in the world. Our company hope to increase our exprtation of PVA products to make a small contribution to CHINA being a strong chemical power.

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