Competitors of China chemical companies

The main competitors of Chinese chemical companies include the following categories:
Domestic competitors:
China Petroleum Engineering Corporation (CPEC): Belonging to China National Petroleum Corporation, its main business is concentrated in the field of oil extraction and it has strong background support.
Sinopec Refining and Chemical Engineering: Belonging to Sinopec Group, its main business is in the fields of refining and chemical engineering, and it has significant resource advantages.
Other large engineering and construction companies, such as China State Construction, China Communications Construction, China Railway Construction, etc., also have strong competitiveness in the field of engineering and construction.
International competitors:
Fluor: an internationally renowned engineering company with a wide range of business, but its business coverage does not overlap with that of China chemical companies, resulting in less direct competition.
Market position and competitive advantages of Chinese chemical companies:
Chinese chemistry has a significant market position and competitive advantage in the field of chemical engineering. The company was established in September 2008, jointly initiated by China Chemical Engineering Group Corporation, Shenhua Group Co., Ltd., and China chemical companies. China chemical companies has rich experience and advanced technologies in the fields of chemical engineering, coal chemical engineering, petrochemical engineering, new materials, new energy, electricity, environmental protection, etc. Especially in the coal chemical industry, the company has mastered the most core and advanced technologies, occupying the vast majority of the domestic market share and leading the international market. The company has a well-established R&D system, continuously engages in technological innovation and R&D investment, and has achieved numerous breakthroughs in key technological fields, further enhancing its competitiveness in the industry.