In recent years, while China's chemical market faces intensified competition and narrowing corporate profits, the electronic chemicals sector has achieved robust growth against the trend, emerging as a core direction for the transformation of the chemical industry. Industry data shows that the market size of China's electronic chemicals reached over 52 billion yuan in 2024, with a compound annual growth rate exceeding 15% in the past few years, and is expected to surpass 90 billion yuan by 2030.
   As fine chemical materials supporting the electronics industry, electronic chemicals cover integrated circuits, display technology, photovoltaic new energy and other fields, with more than 16,000 varieties, making it a high-end material field integrating multiple disciplines. Its rapid development is attributed to both the small initial industry scale and the continuous expansion of downstream market demand. In 2025, China's electronic and new energy-related sectors have outperformed traditional petrochemical and coal chemical industries, becoming the core driving force for industry growth.
   Among key application areas, the integrated circuit industry has a market size exceeding 1.2 trillion yuan, with significant supply gaps in critical materials such as photoresists and electronic specialty gases, leaving enormous room for domestic substitution of high-end products; China accounts for over 55% of the global display technology market, with LCD still dominating while OLED and flexible displays rise rapidly; China's cumulative photovoltaic installed capacity accounts for more than 35% of the world's total, forming a complete industrial chain and spurring demand for new material upgrades. Additionally, high-end capacitors and communication technology sectors have maintained annual growth rates of over 15%, providing diversified growth drivers for the electronic chemicals industry.
   Industry experts note that electronic chemicals with 99.9999%+ high purity, nanoscale specifications and customized functions will become the focus of future competition. With accelerating technological breakthroughs by domestic enterprises, the electronic chemicals industry will not only fill the gap of high-end materials in China but also promote the transformation of China's chemical industry towards high-value-added and high-tech barrier fields.
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