China's fluorochemical market status and industry development trend forecast analysis in 2024

The fluorine chemical industry is a supporting material needed to develop new energy and other strategic emerging industries and upgrade traditional industries. It plays a very important role in promoting the structural adjustment and product upgrading of my country's manufacturing industry. The "2023-2028 China Fluorine Chemical Industry Research Analysis and Market Forecast Report" released by the China Commercial Industrial Research Institute shows that the output of my country's main fluorine chemical products has grown steadily, reaching 3.984 million tons in 2022. Analysts from the China Business Industry Research Institute predict that my country's fluorine chemical product output will reach 4.028 million tons in 2023 and increase to 4.105 million tons in 2024.

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Industry development trends

1. Adjust product structure and develop towards higher-end products

In recent years, with the rapid development of technology, fluorine chemical products with high added value have been widely used in various emerging fields and have become the main trend of industry development. Fluorine fine chemicals are my country's fluorine chemical industry. The segment with the fastest growth and the highest added value in China has better met the needs of the new fluorine-containing pesticides, pharmaceuticals, and surfactant industries. In the future, the development of fluorine-containing fine chemicals will face product structure adjustment. The focus of product structure adjustment is to develop fluorine-containing fine chemical products with high technical content, high added value and good growth potential.


2. The industrial chain is further extended and the products are more refined.

Compared with other fields, the reason why the fine chemical industry has failed to show the expected rapid development trend is because the products cannot achieve effective deep processing, so it is particularly important to improve the processing depth. At present, the refinement rate under the traditional model of my country's chemical industry is relatively low. Because the demand for high-end products is large, the low-end products produced cannot meet the actual demand. Therefore, if the industry wants to achieve rapid development, it needs to achieve deep processing of products. The development of the fluorine-containing fine chemicals industry will tend to be specialized, serialized, differentiated and characteristic, and will follow the path of refinement, detail and in-depth development. In the next few years, my country's fluorine-containing fine chemicals will continue to develop rapidly, and the development, production, and application of in-depth follow-up products will accelerate. According to the "14th Five-Year Plan for China's Fluorine Chemical Industry" issued by the China Fluorosilicone Organic Materials Industry Association, during the 14th Five-Year Plan period, the focus will be on improving my country's fluorine chemical industry chain and building a full fluorine chemical industry system.


3. Industrial agglomeration and park-based development

The overall development trend of the world's chemical industry is towards clustering, coastalization, circular economy, and intelligent environmental protection. An important reason why chemical parks have become an important direction for the transformation and upgrading of the global petrochemical industry is that park management has the institutional advantages of high industrial agglomeration, leading level of recycling, perfect governance, unified management, and efficient services. In recent years, the concept of integrated development of chemical industry parks has been recognized and supported by more and more parks. Chemical industry parks have continuously innovated service models, built multiple service platforms, improved management efficiency, and provided important support for improving the innovation capabilities of the industry. The agglomeration and development of chemical industry parks will facilitate the common green development of chemical companies, and the characteristics of energy conservation and environmental protection will be more prominent. At the same time, backward, polluting, and uneconomical production processes and technologies will be eliminated, and small-scale chemical companies will gradually be integrated into the industry.