PCB downstream market demand is flourishing, Highlight the advantages of local chemicals

With the global PCB capacity continues to shift to China and downstream product demand increased significantly, PCB industry will usher in rapid expansion opportunities.

MIIT statistics show, processing of various types of terminal electronic products in China, such as TV, monitor, notebook, mobile phone, their production has accounted for more than 50% of the global share. The rapid development of downstream industries will drive the rapid development of electronics related industries, including PCB.

At present, China's PCB output and output are ranked first in the world. Our PCB industry growth rate is significantly higher than the global growth rate.

PCB production process in each link is essential to use different chemicals, about 10% to 30% of the cost of PCB. Chemical quality will directly affect the performance of the PCB board. There are wide variety of chemicals, including Dry film photo resist, inks and PCB wet process chemicals. PCB wet process chemicals is expected to take the lead in achieving import substitution in the high-end field.

China's PCB chemicals companies started late, Technology accumulation and R & D capability is weak, there is still a certain gap with foreign enterprises.

At present, domestic chemical products are mainly concentrated in the low-end market,  low industry concentration, we play a leading role in the auxiliary materials with low value, but in electroplating process, PCB surface treatment, chemicals are still monopolized by foreign enterprises.

In recent years, with the domestic PCB chemical companies to increase R & D investment and product quality continues to improve, some high-end products have been accepted by PCB vendors, It is expected to gradually break the long-term monopoly of foreign enterprises PCB chemicals market situation.