Which industries in the chemical sector are leading in the world in China?
1. Basic chemical raw materials sulfuric acid, caustic soda and soda ash: China is the world's largest producer, accounting for more than 40% of the world's total output. For example, soda ash (sodium carbonate) production capacity exceeds 50% of the world's total, dominating the international market pricing. Synthetic ammonia and fertilizer: The output of chemical fertilizer has been the first in the world for many years, and the production capacity of nitrogen fertilizer and phosphate fertilizer accounts for about 30%-40% of the world, supporting global agricultural demand. Coal chemical industry: Coal-to-olefins, coal-to-ethylene glycol and other technologies are world-leading, and enterprises such as Shenhua Group and Zhongke Synthetic Oil have achieved industrial application and reduced oil dependence.
2. New energy-related chemical materials, lithium battery materials: cathode materials: ternary materials (NCM/NCA) and lithium iron phosphate (LFP) account for more than 70% of the world's output, and CATL, BYD and other companies dominate the supply chain. Electrolyte and separator: Tianci Materials, Enjie and other companies occupy more than 50% of the global market share. Photovoltaic materials: Polysilicon and photovoltaic glass production capacity accounts for more than 80% of the world's total, and companies such as GCL-Poly and Xinyi Solar are driving down costs.