DT新材料·2025-12-22 23:56Core Viewpoint - The polycarbonate (PC) industry is undergoing significant transformation, moving from a focus on capacity expansion to cost control and technological breakthroughs, with an emphasis on high-end, differentiated, and sustainable products [3]. Group 1: Industry Developments - On December 22, Sinochem International announced a joint investment with Luxi Chemical Group and Cangzhou Dahua to establish a new company focused on polycarbonate sales, aiming to enhance market efficiency and reduce operational costs [2]. - The domestic polycarbonate production capacity has nearly doubled since 2018, reaching approximately 3.81 million tons by the end of 2024, making China the largest producer globally [2]. - The average price of polycarbonate has been declining due to a mismatch in supply and demand for low-end injection-grade products, leading to industry losses [2]. Group 2: Technological Advancements - The high-end PC market is experiencing substantial demand, particularly in sectors like electric vehicles and medical devices, with domestic companies making significant breakthroughs [4]. - Recent projects, such as the optical-grade special polycarbonate by Sichuan Zhongke Zhenxing New Materials, have achieved international standards in key performance indicators, indicating strong application potential in various industries [4]. - Tuoen Technology has successfully launched a project for high-refractive polycarbonate, becoming the first company in China to achieve large-scale production [5]. Group 3: Sustainable Practices - Companies are exploring recycling and sustainable practices, such as Covestro's partnership with Allmed to recover polycarbonate from medical devices for new products [8]. - Mitsubishi Chemical is advancing in the bio-based polycarbonate sector, with its bio-based engineering plastic being adopted in new vehicle models, showcasing the industry's shift towards sustainable materials [11]. - The development of bio-based polycarbonate production facilities in China is filling domestic gaps and promoting the use of renewable resources [11][12].