Abstract
Report Scope and Methodology
This report examines China' s macroeconomic trends, investment environment,
antioxidant industry structure and capacities, production and demand, enduse
market consumption trends, distribution channels and industry participants.
Long-term forecasts for major antioxidants production and demand are included.
Key producers and end-users such as the producers of rubber and plastics,
gasoline and lubricants are profiled. Most of Chinese antioxidant producers
are listed in the producer directory section.
In China, antioxidants are classified into principal antioxidants and
auxiliary antioxidants. Principal antioxidants include hindered phenols,
alkylated phenols, and alkyl and aryl amines. Auxiliary antioxidants are
phosphites and thioesters.
Most primary and secondary researches are done in China in order to access
up-to-date governmental regulations, market information and industry data.
Data is collected from the Chinese government publications, Chinese language
newspapers and magazines, Chinese chemical industry associations, local
governments' chemical industry bureaus, and antioxidant industry publications.
Interviews are conducted with Chinese industry experts, university professors,
and antioxidant producers in China.
Historical data include 1990, 1995 and 2000. Longterm development trends are
projected to the years 2005 and 2010. Economic models and quantitative methods
are applied in this report to project market demand and industry trends.
Metric system is used and values are presented in either yuan (RMB, current
price) and/or US dollars. Exchange rate for 2005 is based on the annual
average rate (8.3 yuan per US dollar). The word "demand" is used
interchangeably with "consumption". Totals may not add due to rounding.
Executive Summary
China has experienced over two decades of high economic growth, which has been
stimulated by the consecutive increases of industrial output, consumer
consumption and capital investment. China' s GDP has been growing at 9.8% per
annum. National industry output has been advancing at 15% annually and will
continue to sustain a strong growth into the next decade. The fast-growing
middle class is creating an enormous consumer society. As the fastest-growing
economy in the world, the emerging market has attracted the attention of
investors and corporations around the world for the last two decades.
To deepen the reform of state-owned enterprises is a long-term task and needs
great efforts. The reform of state-owned economy has witnessed rapid changes
in both economic and social aspects. The introduction of foreign advanced
technology and capitals will continue to be favored by the Chinese government
and business community. New ways will be adopted to utilize foreign
investment, including mergers, acquisition, and investment funds and
securities investment. China will continue to improve its investment
environment in the areas of legal system, intellectual property protection,
foreign trade and investment regulation, infrastructure and financial system.
China is the second largest foreign investment recipient after the United
States in the world today. Given its vast market, the country provides
tremendous opportunities for investment and trade both for the present and
future.
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