预计2020年，全球经济低速扩张，国内经济总体平稳，我国原材料工业生产小幅增长，投资规模有所扩大，进出口贸易低速增长，产品价格震荡下跌，行业经济效益同比下降。同时，原材料工业还存在发展质量有待提升、环保安全压力进一步增大、进出口贸易环境严峻、行业经济效益亟需改善等问题。针对以上，赛迪智库提出推动行业高质量发展、促进本质安全和绿色发展展、拓展国际合作新空间、加快新材料产业发展等对策建议。

Wood coatings are widely used in the protection and refinement of wood or wood-made structures. Protecting wooden surfaces help increase their utilization properties. Moreover, the use of wood coating enhances the aesthetic look of wooden object, which helps in marketing and selling of the product. Different types of wood coatings are available in the market such as varnish, stains, water-based coatings, and oil finishes. The Europe wood coatings market is segmented on the basis of resin type, technology, end use, and region. Depending on resin type, the market is classified into polyurethane, nitrocellulose, acrylic, unsaturated polyester, and others. By technology, it is fragmented into waterborne, conventional solid solvent borne, high solid solvent borne, powder coating, radiation cured, and others. As per end use, it is segregated into furniture, joinery, flooring, and others. Region wise, it is analyzed across Europe. The key players operating in the wood coatings industry include Akzo Nobel N.V., Axalta Coatings Systems, BASF SE, Jotun, Eastman Chemical Company, Kansai Paint Co., Ltd., Wendel Group, PPG Industries Inc., Tikkurila OYJ, and Teknos Group. In addition, the volume and revenue of the market is provided in the report in terms of million liters and $millions.

2020 年一季度化工产业总体好于制造业平均水平。国家发改委网站4 月20 日发布消息， 2020 年一季度，化工产业虽受到新冠肺炎疫情影响，但总体好于制造业平均水平。一季度，化工产业规模以上工业增加值同比降低6.8%，降幅好于制造业3.4 个百分点；产能利用率69.5%，高于制造业2.3 个百分点，同比下降4.1个百分点，降幅好于制造业5 个百分点。随着疫情防控成效不断显现，复工复产进度加快推进，化工产业增加值指标明显改善。3月份，规模以上工业增加值同比增长0.7%，由负转正，而1-2 月份为同比下降12.3%。

全市场对化工配置为近5 年来最低水平，随着疫情逐步控制，化工盈利将迎来改善，建议关注拥有强议价能力、较好成长性的化工龙头公司。

我国大豆自给率不到20%，未来大豆自给率提升是大趋势。作为食用油和饲料原料重要来源的大豆严重依靠进口，成为我国粮食生产上的主要瓶颈。2019 年我国大豆自给率仅为17%，进口依存度达到83%。受益“大豆振兴计划”，中国大豆的种植面积和产量未来将持续增加，大豆自给率有望小幅提升。

4 月底各公募基金陆续了一季报，我们分析了化工行业在公募机构重仓股中最新的情况。由于公募基金季报只公布重仓持股情况（报告期末按公允价值占基金资产净值比例大小排序的前十名股票），所以我们分析范围为所有处于发行状态公募基金的重仓持股中的化工股（按照申万行业分级，后同）。