Core Insights - The 12th World Congress of Chemical Engineering and the 21st Asia-Pacific Chemical Alliance Conference has opened, showcasing advanced materials and new equipment that will lead future industrial development [1] - A notable product presented is a film that can operate safely in extreme environments, maintaining stable physical properties across a temperature range from -260°C to 420°C, with applications in high-end electrical insulation, new energy vehicle battery separators, and aerospace thermal protection [1] - The development of this product took 20 years, highlighting the long-term investment in research and innovation within the industry [1] Industry Overview - China has become the world's largest producer and consumer of chemical products [1] - In the fine chemicals sector, China's revenue accounts for 50% of the global market share, indicating a significant position in the global chemical industry [1]