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China Market Insider China is Upgrading: Plans for Domestic Specialty Chemicals
Specialty chemicals are currently at the top of the Chinese Government's plans. Due to the importance of new materials for several key industries - from e-mobility to renewable energies and semiconductors - this branch of the chemical industry is set to receive strong support over the next five years.
Beijing/China – Specific development plans for specialty chemicals have been layout out in several Chinese provinces. This has made it possible for the first time to obtain an overview of where and by whom performance materials are to be developed and produced in China in the future. It becomes clear which materials China attaches particular importance to and which local projects can expect special support.
The detailed plans for provinces and locations such as Guangdong, Fujian, or Shanghai add up to nothing less than an attempt to launch an entire industry. If they succeed,this will mark the birth of Chinese specialty chemicals as a leading player on the world market.