1. Market size and growth: - The market size of China's silicone industry continues to expand, and it is expected that by 2025, the relevant market will further rise from tens of billions to a higher level. - The global silicone industry has strong downstream application demand, especially in China, due to policy support and the development of emerging fields such as photovoltaics, new energy, ultra-high voltage power grid construction, smart wearable devices, etc., which has driven the strong growth of silicone market demand.

2. Industrial chain status: - China's silicone industry chain covers the extraction of upstream raw materials (such as silicon powder) to midstream monomer synthesis and downstream production of various terminal products, including silicone oil, silicone rubber, silicone resin and silane coupling agent. - Although there is still a reliance on imports in the production and technology research and development of some high-end products, China has become the global center of silicone production as a whole, and local companies have made continuous breakthroughs in technological progress and improvement of the industrial chain.

3. Industrial structure and competition pattern: - The competition pattern in the industry has gradually shifted from competition in upstream production capacity to downstream product research and development and differentiated competition. - Major manufacturers include but are not limited to Dow Corning and Momentive in the United States, Wacker in Germany, and domestic Bluestar Group and Shin-Etsu in Japan, as well as other internationally renowned companies. At the same time, a number of competitive local integrated companies and leaders in subdivided fields have also emerged.

4. Development prospects and challenges: - With the deepening of the concept of sustainable development and technological progress, the domestic silicone industry is undergoing integration and transformation and upgrading, entering a more mature and sustainable development stage - The challenges are mainly reflected in how to further enhance independent research and development capabilities, reduce dependence on foreign advanced technologies and high-end materials, and strengthen the application of environmental protection technologies and circular economy to achieve green and sustainable development.