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高端化成为聚碳酸酯行业破局最优解
Zhong Guo Hua Gong Bao·2025-08-14 00:11

Core Insights - The PC industry is currently at a critical stage of "climbing over hurdles," emphasizing the need for high-end, differentiated, and green development to transition from price competition to value competition [1][2] Industry Overview - China's PC production capacity has significantly increased from 1.66 million tons in 2019 to 3.81 million tons in 2024, accounting for 48% of global capacity, with a compound annual growth rate of 15.5% over five years [1] - The apparent demand for PC in 2024 is projected to reach 3.6 million tons, approximately half of the global demand [1] Challenges and Opportunities - The industry faces structural contradictions with low-end overcapacity and insufficient high-end supply, as the self-sufficiency rate for general-grade products exceeds 100%, while the domestic production rate for high-end grades like medical and optical grades is below 30% [2] - Since 2021, China's PC production capacity has surpassed apparent consumption, leading to an average capacity utilization rate of only 65% over the past five years [2] - The average gross profit margin for the industry fell to negative values in Q1 2025, indicating challenges from price competition and cost pressures [2] Strategic Recommendations - The industry should focus on technological advancements to achieve product high-endization, aiming to increase the share of high-end grades to over 40% by targeting core goals such as optical-grade transparency of ≥92% and medical-grade certification [2] - Embracing a green transformation in line with the "dual carbon" goals is essential, including the development of recycling systems for waste PC and bio-based PC to promote a circular economy [2] - Collaborative efforts across the industry chain are necessary to mitigate risks, with a focus on establishing application standards in high-end fields like aerospace and neurosurgery [2]