The overall demand for the modified plastic raw material market is very large. In 2017, it is estimated that the overall market has reached 13.61 million tons, and the amount of consumption is also growing rapidly. From 2004 to now, the CAGR is 14.3%, which is higher than the overall plastics 9.6%. Modified plastics are widely used in many industries such as automobiles (23.5%), home appliances (37.0%), etc. Because it has product advantages that ordinary plastics do not have, it can be said that the prospects are broad from the perspective of application.

In the 19th century, the most primitive plastic was born in the studio. In the following time, people continued to explore new types and uses of such products that convert carbon-rich chemical mixtures into solid structures. Beckland used phenol and formaldehyde to synthesize phenolic plastics for the first time. This is the world's first fully synthetic plastic and the first thermosetting plastic. Over the next few decades, nylon and other plastic varieties have also come out one after another. Due to their "rigidity and flexibility" and low prices, this emerging material has been welcomed by many people, and the development of the petrochemical industry after World War II Let the plastic manufacturing industry catch a high-speed ride.

At present, the proportion of domestic modified plastics (10%) is far lower than the international level (20%). The main reason is that domestic companies started late and the market share is low; but with the lightweight of automobiles and the upgrade of household appliances consumption, it can be said Favorable factors will erupt in the next few years, so the high growth in demand for modified plastics can be sustained from the current situation, and the development prospect is very broad.