As sodium silicate is a colorless compound of oxides of sodium and silica. Sodium silicate is used in soaps detergents and in the manufacture of silica gel. It is used as a cement, binder, filler, and adhesive. And also used as a wall coating, in concrete, fire proofing material, and as a sealant. It is also used to preserve eggs and wood. Sodium silicate also finds use in textile and pharmaceutical industries. Neutral sodium silicate in liquid form is suitable for use in pharmaceutical and toilet preparations. Sodium silicates of certain ratios are used for application over concrete floors for hardening making dustless concrete floors and protecting pervious building materials against the effects of moisture. It is also used in foundries and welding electrode industries. In ceramic industries, sodium silicate is used as a deflocculant in the preparation of casting slips for keeping solid particles in suspension without settling. Sodium silicate is used in refractories industries as an air-setting bond for manufacturing refractory cements and mortars. In vitreous enamel industries, it is used for cleaning the metal, known as pickling, prior to enameling.

Stealth coating is a radar absorbing material applied on the aircrafts to reduce radar cross-section; thereby, making them difficult to detect by radars. In addition, it is also applied on the cars for UV protection and protection from chips, scratches, road debris, & malicious damages. The report mainly emphasizes on stealth coating and their resin types, which include epoxy, polyurethane, and polyimide. The report also analyzes the current trends and future opportunities in different applications of stealth coating such as aerospace & defense and automotive. The report analyzes the market trends across North America, Europe, Asia-Pacific, and LAMEA. In addition, it also highlights market dynamics that impact the growth of the global market such as key drivers, restraints, growth opportunities, and the role of key players.

2020 年下半年以来，全球农产品价格持续上涨，玉米等作物种植面积有望提升，带动国际化肥需求。叠加化肥行业偏紧的供需格局，本轮化肥行业景气持续时间有望超预期，化肥价格有望较长时间维持高位。当前化肥价差已经涨至历史偏高水平，龙头企业在成本优势下预计利润水平有望持续改善并维持高位。

2020 年3 月份中信基础化工行业指数下跌5.35%，在30 个中信一级行业中排名第23 位。子行业中，橡胶制品、纯碱和膜材料行业表现居前。主要产品中，3 月份化工品整体整体有所回调，上涨品种比例有所下降，下跌品种比例有所提升。上涨品种中，液氯、氧气、加氢甲苯、加氢二甲苯、甘油涨幅居前。4 月份的投资策略上，建议关注聚氨酯和丙烯酸板块。

公司是国内GMV规模最大的美妆类代运营商，主要服务国际高端美妆品牌。悠可集团前身主体成立于2010年，主要从事美妆品牌的电商服务。根据艾瑞咨询的数据，2020年公司促成或产生的GMV达到人民币163亿元，GMV市场份额13.3%，在美妆类代运营商中位列第一。截至2020年末公司共合作44个品牌，包括娇韵诗、CPB、欧舒丹、纪梵希、希思黎等国际大牌。公司强大的品牌承接能力，叠加国际美妆品牌近几年的高速增长，促使公司收入、利润稳定增长，2020年公司营业收入16.60亿元，同比长15.94%，净利润3.25亿元，同比增长16.75%，非国际财务报告准则下利润4.92亿元，同比高增34.86%。

化妆品功效宣称评价规范正式推出，对26 类产品功效宣称做出细化规定，有望利好规范经营的头部公司，以及具备检测与评价能力的品牌公司及化妆品代工厂。

化工新材料领域是化工行业未来发展的一个重要方向，传统化工行业随着下游需求增速放缓，市占率向龙头集中是大趋势，核心竞争门槛为成本和效率；下游仍处于快速增长的新材料领域则不同，核心的竞争壁垒为研发能力、产业链验证门槛、服务能力等，随着政策支持，国内化工新材料行业有望迎来加速成长期。

本轮基础化工资本开支周期来思考：中长期由于十年维度的朱格拉周期，海外过去几年化工资本开支停滞，全球“W”型经济长景气复苏；国内化工企业资产负债率还较低，资本开支周期19 年起来后，20 年增速又放缓；海外主要经济体化工细分领域除开上游石油煤炭外开工率基本恢复正常，但是化工品的仍出现供不应求的现象，主要是由于过去几年海外化工资本开支与中国类似并没有大规模起来，一旦经济完全恢复，供需缺口将扩大。