Competition level: Leading international companies intensify competition in the domestic flame retardant market
From the perspective of market entities, my country's flame retardant industry is mainly dominated by domestic listed flame retardant companies and international chemical multinationals. The market consists of three market entities: the company's branches in China and domestic small and medium-sized flame retardant manufacturers.
From the perspective of the international market, some large European and American chemical companies are in leading positions in the industry based on their first-mover advantages. At present, Albemarle Company of the United States, Lanxess Company of Germany, Israel Chemical Group, Clariant of Switzerland, etc. are the global flame retardant manufacturer giants. Among domestic flame retardant manufacturers, Chenhua Co., Ltd., Jiangsu Yake Technology Co., Ltd., Zhejiang Wansheng Co., Ltd., Shandong Shouguang Weidong Chemical Co., Ltd., Shandong Tianyi Chemical Co., Ltd., etc. are the main flame retardant manufacturers. Fuel manufacturer. In the future, the flame retardant industry will compete around the reliability of product quality, the R&D capabilities of environmentally friendly flame retardants, the ability to adapt to increasingly stringent environmental protection standards in various countries and regions, and the ability to manage clean production.
Enterprise competition pattern: Domestic companies lead the market with Wansheng Co., Ltd.
From the perspective of the domestic market, Chinese flame retardant companies are led by Wansheng Co., Ltd. In 2021, its flame retardant The annual revenue of the agent business reached 3.346 billion yuan, accounting for 15% of the market share; the second-ranked Suli Flame Retardant Business revenue was 684 million yuan, with a market share of 3.07%; Yake Technology occupied the top spot with a business revenue of 458 million yuan. With a market share of 2.05%, the market shares of other listed companies are less than 2%.
Note: The market share of each company is calculated by Qianqian based on each company’s flame retardant business revenue and market sales revenue, and is for reference only.
Regional competition pattern: Regional distribution is concentrated in the Yangtze River Delta and Pearl River Delta regions
Currently, domestic flame retardant production is mainly distributed in areas with convenient transportation and developed economies such as the Yangtze River Delta and Pearl River Delta. Jiangsu and Zhejiang mainly produce phosphorus-based flame retardants, Shandong mainly produces bromine-based flame retardants, and Guangdong has more varieties of flame retardants. Jiangsu, Guangdong and Shanghai are the main flame retardant consuming areas. Comparing the production areas, Shandong and Zhejiang are major flame retardant production provinces, but produce relatively few flame retardant products; Shanghai has less flame retardant production, but flame retardant products. There are many product manufacturers; there are many flame retardant and flame retardant product manufacturers in Guangdong and Jiangsu. At present, the leading companies in bromine series include Shouguang Weidong Chemical and Shandong Brothers Technology; the leading companies in aluminum hydroxide flame retardants include Chinalco Zhongzhou Aluminum, Chinalco Shandong Co., Ltd., China Super New Materials, and Zibo Pengfeng; the phosphorus series is relatively large. Jiangsu Yake, Wansheng Shares, etc.
Market concentration: The enterprise's business layout is decentralized and the market concentration is low
From the perspective of the enterprise's sales market concentration, the industry's CR3 in 2021 is only 20.13%, and CR5 is 22.30% , the industry concentration is low, mainly because there are various types of flame retardants, and the company's product layout is relatively scattered. However, from the perspective of market segments, my country's phosphorus flame retardant industry is highly concentrated. Yake Technology and Wansheng occupy most of the phosphorus flame retardant market; bromine flame retardant manufacturers are mainly concentrated in Shandong. There are more than 100 manufacturing companies; the number of inorganic flame retardant manufacturers is large and the concentration is low. Most of the larger companies are mining companies with aluminum ore and magnesium ore resources.
——For more industry-related data, please refer to the "China Flame Retardant Industry Market Demand Forecast and Investment Strategy Planning Analysis Report" by the Qianzhan Industry Research Institute