China PC industry shifts as Wanhua, Pingmei forge partnership in 2026 capacity lull

Wanhua-Pingmei deal is a clear signal that China's PC sector is entering a new phase of consolidation and high-end competition, with 2026 marking the first year in over a decade with no new domestic capacity additions.

China's polycarbonate (PC) sector is entering a new phase of consolidation and high-end competition, with 2026 marking the first year in over a decade with no new domestic capacity additions. The strategic joint venture between Wanhua Chemical and Henan Pingmei Shenma Polycarbonate Material, formalized in May, underscores this transition. The