The overall development of China's chemical industry from 2011 to now can be divided into the following three stages:
Disorderly development, do leading enterprises, bigger and stronger
1. Disorderly expansion
From 2011 to 2015, the number of chemical https://www.echemi.com/ enterprises continued to increase due to the rapid growth of bank credit scale and the low entry threshold of the chemical industry.

2. Be a leader
Since 2016, due to the phasing out of backward production capacity in the chemical industry under relevant policies in China, the number of chemical companies has been decreasing, while environmental protection and safety policies and investment scale have increased the barriers to entry of the industry.
With the high standard of environmental protection and safety capability, perfect industrial chain integration and continuous promotion of industrial upgrading, the profitability of leading enterprises has improved significantly. Since 2016, leading chemical companies have become the mainstream of China's industry.

3. The scale of leading enterprises was further expanded
Major Chinese chemical companies have massive expansion plans in the next three years, according to company sources. We expect these companies to accelerate their growth and promote industrial transformation and upgrading, and some of the leading high-quality companies are expected to become global chemical giants.