MARKET NEWS

As the Largest Producer of Chemical Fibers, China Has a Strong International Competitive Advantage

Chemical fibers are fibers with textile properties made from natural polymer compounds or synthetic polymer compounds as raw materials, through the preparation of spinning stock, spinning and post-treatment processes. At present, China has become the world\'s largest producer of chemical fibers. The chemical fiber industry has become an industry with international competitive advantages in China and is an important pillar industry of the national economy. Raw materials and fiber manufacturing of high-performance, bio-based and other chemical fibers are also an important part of China\'s strategic emerging industries.

According to the National Bureau of Statistics, the full chemical fiber production grew year by year from 2016 to 2020, with fluctuating changes in the overall growth rate, reaching 61.679 million tons in 2020, up 3.40% year on year. In 2021, China\'s chemical fiber production is 67.085 million tons, up 9.5% year on year, with an overall performance of stable production growth rate, price center of gravity, exports maintain growth trend, and profitability.

Source: National Bureau of Statistics, Market Monitor Co., Limited

From the distribution of production by provinces, the top three provinces of chemical fiber production in China in 2021 are Zhejiang, Jiangsu and Fujian, with the production of 32.0961 million tons, 16.2534 million tons and 10.2966 million tons respectively.

Source: National Bureau of Statistics, Market Monitor Co., Limited

Currently, China has become the world\'s number one chemical fiber producer and is gradually moving towards becoming a chemical fiber powerhouse. China has also made significant breakthroughs in the technical level and industrial development of high-performance fibers. In the future, it will further enhance and breakthrough the key production and application technologies of key varieties of high-performance fibers, further improve the stability of the performance index of fibers, and also expand the application of high-performance fibers in the fields of aerospace, marine engineering, advanced rail transportation, new energy vehicles and electric power.

The key to building ecological civilization and achieving high-quality development is to promote green development and lifestyle, and circular economy is the specific realization mode and reliance for promoting green development; The recycling chemical fiber industry is also an integral part of the green development of the textile industry, which is one of the main directions for the comprehensive utilization of waste polyester bottle flakes and waste textiles. From the supply side, with the implementation of carbon peaking and carbon neutrality policies, the supply of the chemical industry will be strictly limited, the supply and demand pattern is good, and some chemical fiber companies have entered the field of new energy.

At present, the scale of new fiber materials continues to expand and technology continues to break through, providing strong support for China\'s livelihood improvement, economic development and national security. However, in China\'s advanced functional textile fiber materials preparation, forming and processing of the overall technology and the developed countries there is still a gap, such as the preparation process being long, energy consumption, etc., and advanced functional fiber textile types and quality also have a distance. In addition, China\'s textile fiber industry is also facing the "re-industrialization" of developed countries such as the United States and Europe and developing countries to accelerate the industrialization process of the "double squeeze", seriously affecting the development of the traditional textile fiber industry and a new generation of fiber materials industry, on China\'s chemical fiber Industry from large to the strong transformation of certain constraints. Therefore, functional fiber should aim at the world fiber science and technology frontier, strengthen basic research, break through the key common technology and green manufacturing technology, focusing on new materials, new varieties of chemical fiber, new ecological dyeing and finishing technology, new technology of technical textiles, green manufacturing, intelligent manufacturing and other aspects to strengthen the strategic layout.