In the past two or three years, due to the country's emphasis on environmental protection, the structural reform and environmental protection transformation of the dye industry have been promoted. This has caused many large manufacturers to suspend existing production capacity and small manufacturers to withdraw from the industry. The output of the dye industry has declined for three consecutive years.
Disperse dyes are the main dyes consumed in my country. Due to the dual factors of environmental protection and the epidemic, consumption has also declined in the past three years. In 2021, with the gradual control of the epidemic, the apparent consumption of disperse dyes will return to the pre-epidemic level of 280,000 tons, and then maintain a relatively stable and slow growth.
Major listed companies in the dye industry:
At present, the listed companies in the domestic dye industry mainly include Zhejiang Longsheng (600352.SH), Qicai Chemical (300758.SZ), Runtu Co., Ltd. (002440.SZ), Annoqi (300067.SZ)
Environmental protection pressure is increasing day by day, dye production is declining
With the increasingly severe domestic safety and environmental protection situation, the dye industry is facing the pressure of fluctuations in the supply of upstream raw materials, upgrading of dye production equipment, and increased investment in environmental protection technology transformation, which has affected the production capacity of some enterprises in the industry, and many small dye manufacturers have also withdrawn from the market. , The dye supply shrinks.
Affected by this, my country's dye production has declined for three consecutive years from 2018 to 2020. In 2017, the output of my country's dye industry was 992,000 tons, and in 2018 it was 812,000 tons, a year-on-year decrease of 18.15%, and by 2020 it was 769,000 tons, a year-on-year decrease. A decrease of 2.66%, a reduction of 223,000 tons in three years.
Mature disperse dye market, Stable competitive landscape
The domestic disperse dye market is in a mature and stable development stage. As of the end of 2019, the domestic production capacity is 570,000 tons. Zhejiang Longsheng, Runtu, Hangzhou Jihua and Zhejiang Yide together account for more than 67% of the market share, which is an oligopoly competition. pattern. Disperse dyes have high technical barriers and environmental protection requirements, and most varieties are protected by patents. Zhejiang Longsheng has a strong ability to control the quantity and price of disperse dyes.
The epidemic is gradually recovering,Disperse dye consumption is expected to pick up
Combining with the growth and changes of my country's apparent consumption of disperse dyes in recent years, the Institute of Foresight Industry expects that with the gradual control of the epidemic, the consumption of disperse dyes will return to the pre-epidemic level of 280,000 tons in 2021, and then maintain a 2% compound. The growth rate will increase and reach 310,000 tons by 2026.