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Organic Chemical Material Manufacturing in China Industry Data and Analysis
Products from the Organic Chemical Material Manufacturing industry in China are widely used in many downstream industries and the industry's performance is closely related to the country's economic performance. Over the five years through 2024, industry revenue is expected to grow at an annualized rate of 2.6% to $223.5 billion, including 6.0% growth in 2024. Stable growth of China's economy and improving living standards of Chinese residents have promoted the demand for chemical products like plastic, rubber, synthetic fibers, coating, etc., which also supported the demand for organic chemical materials. Ethylene output, a representative product in the industry, will increase at an annualized rate of 9.4% in the past five years.International trade is significant to the industry, with exports accounting for 29.8% of total revenue, and imports accounting for 21.9% of domestic demand in 2024. As of 2024, an estimated 2,538 enterprises operate in the industry, with total employment of about 535,455.Over the next five years, industry revenue is expected to grow at an annualized rate of 4.9%, to total $283.3 billion in 2029. Over the same period, industry competition will intensify due to improved capacity, increased production costs and higher enterprise numbers.With the support of the Chinese Government, the industry is positioned to change into a low-input, low-consuming, low-discharge and high-efficiency industry through the effective recycling and utilization of resources. Due to the increasing pressures of energy shortages, water shortages, and environmental protection, industry operators are expected to further upgrade their production activities and move to a higher value-added industry chain.
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What's included in this industry analysis
IBISWorld's research coverage on the Organic Chemical Material Manufacturing industry in China includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released July 2025.
About this industry
What's this industry report about?
The Organic Chemical Material Manufacturing industry in China operates under the industry code 2614. The Organic Chemical Material Manufacturing industry in China produces various organic chemical materials used as chemical inputs into other chemical manufacturing processes. Major products include hydrocarbons, alcohol, phenol, ketone, aromatic hydrocarbons, acid anhydride and their derivatives. The extraction of methane and the manufacture of glycol are not included in this industry. Related terms covered in the Organic Chemical Material Manufacturing industry in China include petrochemicals, ethylene, propylene and terephthalic acid.
What's included in this industry?
Products and services covered in Organic Chemical Material Manufacturing industry in China include Ethylene, Propylene and Pure terephthalic acid (PTA).
What companies are included in this industry?
Companies covered in the Organic Chemical Material Manufacturing industry in China include China Petroleum & Chemical Corporation, PetroChina Company Limited and Rongsheng Petrochemical Co., Ltd.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Organic Chemical Material Manufacturing industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Organic Chemical Material Manufacturing industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Organic Chemical Material Manufacturing industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Organic Chemical Material Manufacturing industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Organic Chemical Material Manufacturing industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Organic Chemical Material Manufacturing industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Organic Chemical Material Manufacturing industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Organic Chemical Material Manufacturing industry in China.
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Frequently Asked Questions
What is the market size of the Organic Chemical Material Manufacturing industry in China in 2026?
The market size of the Organic Chemical Material Manufacturing industry in China is $223.5bn in 2026.
How many businesses are there in the Organic Chemical Material Manufacturing industry in China in 2025?
There are 2,538 businesses in the Organic Chemical Material Manufacturing industry in China, which has grown at a CAGR of 0.8 % between 2020 and 2025.
How may import tariffs affect the Organic Chemical Material Manufacturing industry in China?
The Organic Chemical Material Manufacturing industry in China is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Organic Chemical Material Manufacturing industry in China?
The Organic Chemical Material Manufacturing industry in China is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Organic Chemical Material Manufacturing industry in China grown or declined over the past 5 years?
The market size of the Organic Chemical Material Manufacturing industry in China has been growing at a CAGR of 2.6 % between 2020 and 2025.
What is the forecast growth of the Organic Chemical Material Manufacturing industry in China over the next 5 years?
Over the next five years, the Organic Chemical Material Manufacturing industry in China is expected to grow.
What are the biggest companies in the Organic Chemical Material Manufacturing industry in China?
The biggest companies operating in the Organic Chemical Material Manufacturing industry in China are China Petroleum & Chemical Corporation, PetroChina Company Limited and Rongsheng Petrochemical Co., Ltd.
What does the Organic Chemical Material Manufacturing industry in China include?
Ethylene and Propylene are part of the Organic Chemical Material Manufacturing industry in China.
Which companies have the highest market share in the Organic Chemical Material Manufacturing industry in China?
The company holding the most market share in the Organic Chemical Material Manufacturing industry in China is China Petroleum & Chemical Corporation.
How competitive is the Organic Chemical Material Manufacturing industry in China?
The level of competition is high and increasing in the Organic Chemical Material Manufacturing industry in China.
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