The application of enzymes in industrial activities has revolutionized the industrial sector. The rise in the economically prosperous world population and the increase in demand for food and beverages are expected to drive the market. In 2019, the industrial enzymes market was valued at $5 billion. By the end of 2035, segments such as biofuel, cleaning, and food and beverage are expected to enhance the growth of the market by 39%. The market is highly dominated by North America followed by western Europe, especially in segments such as animal feed and cleaning agents. While a diverse range of enzymes are used across industries, Novozymes continue to remain the market leader for the industrial segment. Stimulated by high demand from the APAC markets (China, India, and Japan), the region is expected to grow at the fastest CAGR of over 6% during the forecast period.

The early usage of marking materials was limited to the median line which demarcated roads as incoming and outgoing traffic lanes. As traffic increased, roads became wider, necessitating the need for traffic lane markings. The importance of road and highway markings in reducing accidents and ensuring smooth flow of traffic increased the demand for marking materials. Marking materials are now used in zebra crossings, chevron lines, guiding arrows, and textual information. Marking materials help to ensure that proper guidance and warnings are conveyed to people who travel by foot or use any mode of transport. The materials used for marking have also evolved with marking tapes competing against paints and other materials. Road marking materials occupy a significant share in the overall marking materials market. Roads and highways together hold over 70% of the market.

上周基础化工板块下跌5.8%，沪深300 指数下跌7.6%，基础化工板块跑赢大盘 1.9 个百分点，涨跌幅居于所有板块第20 位

2020 年中国化工产业链一体化能力进一步得到验证并增强，2021 年中 国化工已经处于“全球供给侧改革”后的新阶段。中国化工正站在全球 竞争优势提升的新起点上。

中国化工品价格指数（CCPI）：本周CCPI 较上周大幅上涨 9.8%，较上月 同期上涨17.1%，年内涨幅为22.5%，较去年同期上涨33.8%。

成本端：前期磷矿石、硫磺、合成氨等原料上涨，支撑力渐强，磷铵市场行情强势运行。需求端：积极开展春耕备肥确保粮食安全生产，春季需求即将全面释放。供给端：行业洗牌多年全国磷肥产量总体下降，当前社会库存降至较低水平，场内货源延续偏紧态势。海外及出口市场：国际市场需求回暖而供应阶段性受阻，国内向海外出口化肥增加。

国有资本强力加持，军工行业百花齐放局面再现。基本面持续向好，行业景气度仍将持续。中国普天拟并入中电科，军工国企改革将加速进行。兼顾估值与成长，继续买入稀缺和优质成长标的。

美妆消费不断升级且不可逆，消费者从基础化妆品升级为功能属性更强的专业化妆品，赛道红利凸显。国货品牌从研发、渠道、营销多角度突围。

当前全球磷肥需求主要的驱动因素在于后疫情时代全球农作物 价格明显上涨，农民作物种植积极性有提升，进而提升农肥施用 需求。磷肥作为粮食及经济作物必备肥料，需求明显回升。分区 域来看，印度、巴西、东欧等地将成为磷肥全球需求增长的主要 来源。我们判断全球磷肥需求将在21 年有明显复苏，并在未来 几年内维持相对稳定增长。

2020年疫情严重冲击油价，4月一度跌至谷底，5月随着OPEC+正式实施减产重心上移，6月进入窄幅震荡阶段，11-12月反弹。