Chemical materials is an important branch of the material industry, which is the most dynamic and potential field of basic chemical industry.Developing the industry of new chemical materials, breaking through the "bottleneck" of domestic resources, protecting the environment, adjusting the industrial structure, maintaining the stability of petrochemical industry, and accelerating the sustainable development are "promising".In 2011, China's dependence on foreign crude oil exceeded 55 percent for three consecutive years, exceeding the warning line of 50 percent. By 2020, the country's dependence on foreign countries is expected to reach 67 percent. The energy utilization rate of domestic petrochemical industry is 15% lower than that of developed countries, and the energy consumption of some products is 20%-30% higher.The structure of domestic petrochemical products is in serious contradiction. More than 65% of the total output value consists of primary processed products such as petroleum and natural gas, refined petroleum, basic chemical raw materials and chemical fertilizers, which cannot meet the needs of related industries.
    Policy "spring breeze" to promote development. Chemical materials is one of the emerging industries in the field of low carbon economy supported by the state.According to the "Decision on Accelerating the Cultivation and Development of Strategic Emerging Industries" and "New Materials Industry", according to the development plan of the 12th Five-Year Plan, the chemical new materials industry has become the leading industry of the national economy. According to the Outline of Science and Technology Development Plan, the overall technological gap between China's high-end new chemical materials and developed countries will be narrowed to about 10 years by 2015. To reach the international advanced level at the beginning of this century "12th Five-Year" put forward the development plan "12th five-year" chemical materials development focus includes: special synthetic rubber, engineering plastics, high-performance fibers, fluorine silicon materials, degradable materials, functional film materials, functional polymer materials and composite materials.
     There is a huge market gap in the chemical material market, and the import volume accounts for most of the domestic market share. In China, the self-sufficiency rate of chemical materials is about 56%, among which the self-sufficiency rate of new chemical materials is only 52%, and the self-sufficiency rate of engineering plastics and special rubber is only 35% and 30%. Generally speaking, new chemical material products will experience the process of gross profit margin fluctuation and import substitution rate rise. In the process of importing and replacing chemical materials, the contradiction of oversupply of most products is not prominent, and some products oversupply. Enterprises that master core technologies can earn profits proportional to their investment, and most enterprises can achieve sustained rapid growth. High barriers bring high returns. The gross profit margin of chemical materials products exceeds 70%, far exceeding the average profit of 15% of the bulk chemical industry.