Silicone resin plays an important role as a raw material or auxiliary material for new materials. Currently, the demand for high nickel ternary materials and lithium iron phosphate positive electrode materials in the forefront market has significantly increased. Leading companies such as CATL have become important participants in the global lithium battery supply chain, while also driving the demand for upstream chemical raw materials.
The demand for EVA film and silicon wafer supporting chemicals for photovoltaic materials has significantly increased globally, and domestic enterprises have quickly occupied an important share of the global market through technological breakthroughs in this field.
The market demand for energy storage chemicals such as flow battery materials and lithium battery electrolyte additives has significantly expanded.
The application scenarios of bio based plastics such as PLA (polylactic acid) in packaging, automotive, and medical fields are rapidly expanding.
Under the promotion of plastic pollution control policies, the demand for biodegradable plastics in the market has sharply increased. Biodegradable plastics, including PLA and other materials, are widely used in disposable packaging, agricultural film, and catering industries.
The electronic chemical category, such as semiconductor photoresist, is expected to reach a domestic semiconductor photoresist market size of 4.4 billion yuan by 2025, with a significant increase in the localization rate of KrF and ArF photoresist.
High purity wet chemicals such as high-purity ammonia, hydrofluoric acid, and sulfuric acid are key materials used for cleaning and etching in the chip manufacturing process, and their purity directly affects the yield of chips. In 2024, the domestic market size of high-purity wet chemicals will exceed 30 billion yuan, with an annual growth rate of 18%.
The demand for carbon fiber in high-performance materials is rapidly increasing in fields such as aerospace, rail transportation, and wind turbine blades due to its lightweight and high-strength characteristics. In 2024, China's carbon fiber production will exceed 50000 tons, and the localization rate will increase from 30% in 2019 to 60%.
The demand for protective clothing, electronics, and automobiles has significantly increased. Enterprises such as Sinochem International have independently developed high-strength para aramid to meet the needs of national defense and industry.
Silicone resin in the photovoltaic industry in the field of new energy: Silicone resin is widely used in the packaging of photovoltaic modules, such as silicone sealant for photovoltaics. In 2024, China's photovoltaic installed capacity will increase by 300GW, driving a 20% year-on-year increase in demand for silicone sealant. Xin'an Corporation has upgraded its technology to improve the weather resistance of silicone sealants for photovoltaics by 30%. Its products have been widely adopted by photovoltaic giants such as Longi Green Energy and Trina Solar.
The demand for high-performance organic silicon materials in the field of new energy vehicles is rapidly increasing, which are used for battery sealing, electronic component protection, etc.