China currently produces approximately 42% of the world's major chemical products, having established the world's largest, most comprehensive, and most abundant raw material production system with the largest market . In 2024, 11 Chinese companies were among the top 50 global chemical companies by revenue, achieving 2.1 trillion yuan in operating revenue, accounting for 27.9% of the total revenue of the top 50 companies.
China's chemical raw materials industry exhibits a clear clustering characteristic. East China, relying on the Yangtze River Delta economic zone, possesses a complete industrial chain and a high degree of industrial agglomeration. South China, with the Pearl River Delta as its core, has significant advantages in high-end chemicals and new materials. North China occupies an important position in petrochemicals and coal chemicals.
As of the end of 2024, my country's modern coal chemical production capacity was 8.23 million tons/year for coal-to-oil, 7.5 billion cubic meters/year for coal-to-natural gas, 13.42 million tons/year for coal-to-olefins, and 11.43 million tons/year for coal-to-ethylene glycol. In 2024, my country's paraxylene (PX) production capacity reached 43.37 million tons per year, accounting for 53.9% of the world's capacity and 73.8% of its consumption, making my country the world's largest producer and consumer of PX.
In 2024, the output value of China's new chemical materials industry exceeded one trillion yuan.
