Organic Chemical Material Manufacturing in China - Market Research Report (2014-2029)
Beijing, China
Last Updated: May 2024
2614Revenue
$422.1bn
Past 5-Year Growth
Profit
$XX.Xbn
Employees
534k
Businesses
2,522
Wages
$XX.Xbn
Organic Chemical Material Manufacturing in China industry 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 2023, industry revenue is expected to grow at an annualized rate of 11.2% to $422.1 billion, including 6.0% growth in 2023. 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 10.4% in the past five years.International trade is significant to the industry, with exports accounting for 19.2% of total revenue, and imports accounting for 13.5% of domestic demand in 2023. As of 2023, an estimated 2,522 enterprises operate in the industry, with total employment of about 533,643.Over the next five years, industry revenue is expected to grow at an annualized rate of 7.1%, to total $596.1 billion in 2028. 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.
Trends and Insights
- Extensive downstream industries have supported industry growth. Demand for organic chemical materials from various downstream industries has been increasing rapidly in China, which has supported industry growth.
- Ethylene represents the largest product segment. Ethylene is the basis of many chemical materials and products and is widely used widely used in many downstream industries. In 2023, ethylene will represent 27.5% of industry revenue.
- Industry activities are concentrated in the coastal regions. The Chinese Government has planned seven major integrated refining and petrochemical bases in key coastal areas, including Dalian, Tangshan, Lianyungang, Shanghai, Ningbo, Huizhou and Zhangzhou.
- The industry has a moderate concentrate level. The top four industry participants have a joint market share of 61.2% in 2023.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 11.2 % over the past five years, to reach an estimated $422.1bn in 2024.
Trends and Insights
Extensive downstream demand has supported industry growth
- Organic chemical materials are the essential materials for manufacturing various daily necessities and high value-added products, like plastics, fibers, pigments, pharmaceuticals, pesticides, etc., providing a foundation for the development for those industries.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Rapid growth of downstream industries will support industry demand
- With the further improvement of living standards of Chinese residents and economic development, the demand for basic chemical materials like plastics, rubber, synthetic fibers, coatings, dyes, etc., will continue to increase in the next five years,
Biggest companies in the Organic Chemical Material Manufacturing in China
| Company | Market Share (%)
2023 | Revenue ($short_0)
2023 |
|---|
There are no companies that hold a large enough market share in the Organic Chemical Material Manufacturing in China industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Ethylene, Propylene and Pure terephthalic acid (PTA). Ethylene is the largest segment of the Organic Chemical Material Manufacturing in China.
Trends and Insights
Ethylene is the basis of various chemical materials and products
- Ethylene is a basic chemical raw material that can be separated from cracking gas produced by cracking natural gas, liquefied petroleum gas, naphtha, light diesel, heavy oil, crude oil, ethane, propane, etc.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Basic Plastics and Synthetic Resin Manufacturing in China
- Synthetic Rubber Manufacturing in China
- Pharmaceutical Raw Material Manufacturing in China
International industries
- Petrochemical Manufacturing in the US
- Dye & Pigment Manufacturing in the US
- Organic Chemical Manufacturing in the US
- Petrochemical Manufacturing in Canada
- Organic Chemical Manufacturing in Canada
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
EthylenePropylenePure terephthalic acid (PTA)Benzene, toluene and xyleneStyreneAcetylene and other organic chemical materialsCompanies
Purchase this report to view all major companies in this industry.
Related Terms
PETROCHEMICALSETHYLENEPROPYLENETEREPHTHALIC ACIDPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Extensive downstream industries have supported industry growth. Demand for organic chemical materials from various downstream industries has been increasing rapidly in China,...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Ethylene represents the largest product segment. Ethylene is the basis of many chemical materials and products and is widely used widely used in many downstream industries. I...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Industry activities are concentrated in the coastal regions. The Chinese Government has planned seven major integrated refining and petrochemical bases in key coastal areas, ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The industry has a moderate concentrate level. The top four industry participants have a joint market share of 61.2% in 2023.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
State-owned capital dominates the market. State-owned companies, especially large-scale refining enterprises, have the advantage of abundant raw materials for petrochemical p...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The industry has a high regulation level. Production and operation of industry companies must company with laws and regulations in China. Industry regulation level is increas...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Industry profit margins have been squeezed. Industry profitability is affected by fluctuations in raw material costs, downstream demand and pricing levels. Industry profit ma...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Organic Chemical Material Manufacturing industry in China in 2024?
The market size of the Organic Chemical Material Manufacturing industry in China is $422.1bn in 2024.
How many businesses are there in the Organic Chemical Material Manufacturing in China industry in 2024?
There are 2,522 businesses in the Organic Chemical Material Manufacturing industry in China, which has grown at a CAGR of 0.9 % between 2019 and 2024.
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 11.2 % between 2019 and 2024.
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 does the Organic Chemical Material Manufacturing in China include?
Ethylene and Propylene are part of the Organic Chemical Material Manufacturing industry.
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.
