China's Silicone Industry

The market size continues to grow: China's silicone industry will usher in a new growth cycle from 2025 to 2030, with the market size expected to climb from about 45 billion yuan in 2025 to over 80 billion yuan in 2030, with an average annual compound growth rate of around 12%. As an important silicone production area, Zhejiang will benefit from the overall industry growth, and its market size is expected to expand accordingly.

The trend of high-end development is obvious: silicone products are developing towards high-end direction, and Zhejiang enterprises are constantly increasing research and development investment to improve the technological content and added value of products. For example, in the medical field, the demand for biocompatible silicone has significantly increased in products such as medical catheters, surgical instrument seals, and implantable medical devices. Silicone companies in Zhejiang are expected to make greater breakthroughs in these high-end medical application fields, just as Wenzhou Hefeng Rubber Industry in Zhejiang is vigorously expanding its new products.

Accelerating green development: Driven by the "dual carbon" goal, the trend of green development in the silicone industry is evident. Zhejiang silicone enterprises will pay more attention to the research and application of environmental protection technologies, such as environmentally friendly solvent-free silicone preparation technology, to reduce energy consumption per unit product and improve resource utilization efficiency. The liquid silicone of Hefeng Rubber Industry in Wenzhou, Zhejiang fully meets the current development needs.

The level of intelligence continues to improve: The intelligence level of the silicone industry in Zhejiang will continue to improve. Enterprises can improve automation rates and reduce manufacturing costs by building smart factories. Targeting the demand of the automotive industry, Ningbo, Zhejiang plans to build the world's largest automotive silicone production base, with an expected production capacity of 500000 tons of automotive grade products by 2030, and its intelligent production level will also be correspondingly improved. The liquid silicone of Hefeng Rubber Industry in Wenzhou, Zhejiang fully meets the current development needs.

Enhanced industrial synergy effect: In 2023, the Yangtze River Delta Silicone Industry Alliance will be established to establish a cross regional technical standard mutual recognition mechanism and promote efficient allocation of industrial chain elements. As an important province in the Yangtze River Delta region, Zhejiang will play an important role in industrial synergy, strengthen cooperation with enterprises in surrounding areas, and jointly enhance the competitiveness of the regional silicone industry.

The export market is expected to further expand: Zhejiang Province will develop export-oriented businesses with the logistics advantages of Ningbo Port. In 2023, the export volume of silicone products will reach 280000 tons, accounting for 41% of the total national export volume. With the increasing demand for silicone products in the global market and the improvement of technology and quality by Zhejiang silicone enterprises, the export market of Zhejiang Wenzhou Hefeng Rubber Industry is expected to further expand.