In the list of the top 50 global chemical companies in 2021, the number of Chinese companies on the list has reached a record high, with a total of 7 companies on the list, surpassing Germany, South Korea and other chemical powerhouses , the proportion of total revenue also increased from 9.40% in 2017 to 18.05% in 2021.
In addition, the number of enterprises above designated size in China’s chemical industry with R&D institutions has also continued to grow. In 2019, the number of chemical raw materials and chemical products manufacturing industrial enterprises above designated size in China with R&D institutions reached 5,806, a substantial increase of 134.11% compared with 2011; In 2011, it increased by 137.67%.
From the above key data sets, it can be seen that with the continuous expansion of China’s chemical market, China’s local chemical companies are constantly growing in terms of R&D strength and scale , domestic chemical raw materials are also gradually active in the market, and the market share is constantly expanding.
The development of the industry cannot be achieved overnight, and the development of domestic chemical industry still faces many problems. The “14th Five-Year Plan” pointed out that “to give full play to the advantages of massive data and rich application scenarios, promote the deep integration of digital technology and the real economy, and empower the transformation and upgrading of traditional industries.”
It can be seen that China’s traditional manufacturing industry needs to be deeply integrated with new economic formats to achieve industrial upgrading and overtake on corners. For the domestic chemical industry, in addition to getting rid of the constraints of technology research and development, it is also necessary to rely on digital technology, deeply connect with the Internet, unblock the trade channels of upstream and downstream enterprises, and exert greater industrial economic benefits. These are exactly what we want to do things.
For a long time, the domestic chemical market has been mixed with good and bad people, and the product quality is uneven. “Low quality” has become a label that is difficult to tear off for domestic chemical raw materials. At the same time, due to the squeeze of foreign brands and the lagging development of domestic platforms, many excellent domestic chemical raw materials cannot reach downstream enterprises and are widely known by the market.
In response to this embarrassing situation, in 2021, Kayn Chemical launched a plan to build a domestic raw material platform. Chemical raw materials are accurately delivered to downstream enterprises, further helping the rise of domestic chemical brands.
For more than a year, Kaiyin’s domestic chemical raw material procurement website (www.kaiyinhg.com) has provided customers with cost-effective raw materials and reduced costs for everyone synergy. For example, a customer of Kain originally used Chemours 902+ titanium dioxide, and the production cost was very high. Under the recommendation of Kaiyin, Xianghai Technology CR6618 was used as a substitute, and it fully met the production requirements after taking a sample test. Facts have proved that as long as a suitable model is found, domestic raw materials can completely replace imported raw materials.
At present, “domestic products” have become the focus of the development of many industries, and as a pillar of the Chinese economy, the rise of domestic chemical brands will surely help China’s economy take off again. Kain Chemical Domestic Raw Materials Network will join hands with domestic chemical brands to jointly help the digital transformation and upgrading of the chemical industry, open up upstream and downstream trade channels, and continuously polish the business cards of domestic chemical brands.
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