长华化学(301518.SZ)：预计未来二氧化碳聚醚在聚氨酯行业市场容量能够持续扩大

Core Viewpoint - The company anticipates significant market potential for its carbon dioxide polyether products, driven by the increasing demand for green and low-carbon attributes in various applications [1] Group 1: Market Potential - Carbon dioxide polyether is a specialty polyether product with high performance, carbon neutrality, and recyclability, applicable in diverse fields such as automotive composite foams, specialty sponges, synthetic leather, water-based polyurethane dispersions, elastomers, adhesives, and inks [1] - The potential market includes a wide customer base that requires products with green low-carbon attributes, enhanced performance, or reduced costs [1] Group 2: Industry Trends - By 2025, the global chemical industry is expected to exhibit three significant trends: accelerated green low-carbon transformation, industry upgrades driven by technological innovation, and deepening regional adjustments in supply chains [1] - The green low-carbon transformation is becoming a core driving force, with the strengthening of global carbon reduction policies making this transition irreversible [1] - The comprehensive implementation of the EU Carbon Border Adjustment Mechanism (CBAM) is expected to have a profound impact on the global chemical trade landscape, leading to a continuous increase in demand for green low-carbon chemicals [1] Group 3: Product Characteristics - Polyurethane (PU) is a type of polymer material formed by the chemical reaction of diisocyanates and polyols, characterized by high customization potential [1] - Carbon dioxide polyether, a copolymer of propylene oxide and carbon dioxide, possesses advantages such as low-temperature flexibility and hydrolysis resistance, along with mechanical strength, wear resistance, and heat resistance typical of polycarbonates [1] - Polyurethane products made from carbon dioxide polyether exhibit excellent properties such as oxidation resistance, wear resistance, chemical resistance, and hydrolysis resistance, with the molecular chain containing carbonate ester bonds facilitating easier degradation and recycling [1]