According to the European Commission's "2025 EU Industrial R&D Investment Scoreboard," 25 Chinese chemical enterprises have been listed among the world's top 2000 industrial R&D investors. Among them, Yichang-based Xingfa Group ranks 1283rd with an R&D investment of 136.09 million euros, while Hubei Yihua secures the 1598th position with an R&D expenditure of 99.82 million euros.
The ranking covers 2000 major corporations, whose total R&D spending in 2024 reached 144.6 billion euros, accounting for over 90% of global corporate R&D expenditure. By country, the United States leads with 674 companies, followed by China with 581, the European Union with 318, and Japan with 192 firms.
In the chemical sector specifically, Japan has the highest representation with 27 companies, followed closely by China with 25. The United States contributes 19 firms, Germany has 8, and Switzerland is represented by 5 enterprises.
By continuously increasing R&D investment and placing scientific and technological innovation at the core of development strategies, these companies are building strong competitive advantages through robust technological capabilities. In recent years, Xingfa Group's Xingfu Electronics has developed "key technologies for producing ultra-high purity electronic grade sulfuric acid and highly selective etching solutions," overcoming critical material bottlenecks in chip manufacturing and achieving domestic substitution.
Yihua Group has adopted a market-oriented approach guided by innovation, establishing an analytical testing center and a modern energy storage industry college in collaboration with China Three Gorges University. The company has independently pioneered China's first pilot production process for high-end quaternary alcohol technology.
Comments