Forecast of Consumption in China's Chemical New Materials Industry from 2024 to 2030

In the current environment of rising international trade protectionism and escalating trade disputes in high-tech product sectors, the shortage of chemical new materials is likely to become a key obstacle in China's path toward becoming a manufacturing powerhouse. Therefore, there is an urgent need to accelerate efforts to improve the security levels of related industries. During the "14th Five-Year Plan" period, the government will introduce a series of supportive policies to assist the high-quality development of China's chemical new materials industry, which will undoubtedly provide a huge opportunity for the entire sector. With the continuous growth in demand for new materials across various industries such as engineering, new energy, and daily necessities, the potential market size for chemical new materials is expected to expand further.

Driven by the "13th Five-Year" innovation-driven development strategy, the industrial structure of chemical new materials has undergone comprehensive and in-depth optimization. Especially under the promotion of new urbanization construction and resource and environmental protection, China has continuously reformed and adjusted the new materials market. Looking ahead, the Chinese government will certainly introduce relevant policies and regulations for each key link in the chemical new materials industry chain to stimulate innovation, promote the effective conversion of independent innovation achievements, and provide comprehensive protection for intellectual property rights. There will also be a stronger focus on enhancing connections between upstream and downstream companies, actively seeking to establish new industrial chain partnerships with countries and regions along the "Belt and Road," in order to move chemical production enterprises towards higher efficiency, greater environmental friendliness, and more sustainable development, ultimately improving China's comprehensive competitiveness globally.

New R&D models play a crucial role in enhancing a company's overall innovation and technological research application capabilities. This change is evident and permeates every stage of R&D work. First and foremost, new R&D models significantly promote the enhancement of a company's technical standards. Looking at future technological development trends, it is foreseeable that the focus of research will shift towards critical frontier fields, with increased investment in technological R&D. For example, chemical new materials industry projects focusing on strategic emerging industries, public health, and new infrastructure will fully utilize national and local research projects to guide and bring together the best research resources both domestically and internationally, thereby strengthening the close collaboration between research fields and industries.

In the future, the chemical new materials sector will undoubtedly focus on utilizing cutting-edge equipment, expanding high-end application fields, and driving the development of energy-efficient and environmentally friendly materials. This aims to further strengthen the research and development and large-scale production capacities of related downstream products, such as electronic chemicals, high-grade polyolefins, engineering plastics, high-quality synthetic rubbers, high-performance fibers, and biodegradable plastics. In particular, engineering plastics will be more widely applied in broader fields.

China is committed to promoting bilateral openness and mutual benefit between domestic and international enterprises. For multinational companies ranking at the forefront globally, they often impose technological barriers to defend their dominant position in the technology sector and reduce competitive pressure on local Chinese companies. However, these companies cannot hide their eagerness for the large Chinese market and actively seek potential business partners within China, hoping to gain greater profits. In response to this, the government should provide ample support and guidance at the national strategic level, encouraging local enterprises to establish closer cooperation with international giants. In this process, the technological spillover effects brought by foreign-funded enterprises should be fully utilized to achieve mutual development.

In the research and innovation processes of China's chemical new materials sector, steady progress toward energy efficiency, environmental protection, and economic viability will be one of the major technological development directions in the future. On one hand, efforts will be focused on developing chemical new materials to improve automotive energy efficiency and create more efficient, environmentally friendly transportation. On the other hand, exploration into emerging areas such as solar thermal power materials and photovoltaic materials will be actively pursued, aiming to provide more possibilities for renewable energy applications. Additionally, research will continue on membrane materials that can support deep wastewater treatment, further promoting the green transformation of the chemical industry by maximizing resource utilization. Although the development of new chemical materials may lead to resource consumption, clean energy can be used to replace traditional, highly polluting raw materials, thereby reducing the negative environmental impact.