What is the market outlook for chemical manufacturing companies?

The market prospects of chemical manufacturing companies generally present a state of both challenges and opportunities. ‌
Industry Status and Challenges
In recent years, the overall operation of China's chemical industry has been poor under the influence of the overall environment. The profitability level of production enterprises has generally decreased, the orders of trade enterprises have decreased, and the pressure on market operation has significantly increased. Many companies are striving to explore overseas markets in order to seek new development opportunities, but the current global market environment is also weak and has not provided sufficient growth momentum. In addition, the contradiction between overcapacity in traditional bulk chemical products and insufficient self-sufficiency in high-end new materials remains prominent, and the industry is experiencing the pains of transformation from "scale expansion" to "value reconstruction".
Industry policies and market trends
In order to address these challenges, the Chinese government has introduced a series of policies to promote the green transformation and sustainable development of industries. For example, the government encourages technological innovation and industrial upgrading, and promotes the development of high-end chemical new materials. Specific measures include improving the guarantee level of basic chemical raw materials such as ethylene, propylene, and aromatics, and developing high-end polyolefins, new energy chemicals, and other products. In addition, the management level of chemical industrial parks is constantly improving, and the recognition of parks is promoting the general improvement of management level and building a sound park management system.
Future development direction and opportunities
In the future, the chemical industry will focus on developing high-end new materials, green and low-carbon technologies, and intelligent transformation. High end new materials such as engineering plastics, functional polymer materials, and electronic chemical materials have broad market prospects. Green low-carbon technology is an important direction in response to the "dual carbon" goal, while intelligent transformation can improve production efficiency and reduce energy consumption. In addition, the application market of new chemical materials is very broad, including electronic information, new energy, automotive industry, medical, aerospace and other fields. The development of these fields will provide new growth points for chemical manufacturing companies.