Since the beginning of the 21st century, China's modified engineering plastics industry has achieved leapfrog development along with the health and stability of the national economy. The economic and technical indicators have been steadily increasing for more than ten consecutive years, but are constrained by domestic policy environment and technical factors. Plastic products are still mainly low-end products, high-end products mainly rely on imports. many companies have high hopes for the development of China's engineering plastics industry, I hope this article will help friends in the engineering plastics industry. The development of China's modified plastics industry presents the following characteristics:
1. The proportion of applications in manufacturing is still relatively low
Compared with the mature development of the modified plastics industry in foreign markets, the ratio of plastics and steel in the German economic development is 63:37, the United States is 70:30, and the world average is 50:50. China ’s modified plastics industry started late. The application of large-scale modified plastics has just started. Limited by production technology, the application ratio of domestic modified plastics in precision manufacturing is even lower. China's current plastic steel application ratio is only 30:70, which is much lower than the average level of developed countries and the world.
Considering that China is a major manufacturing country, with the continuous development of the economy and the continuous improvement of modified plastic technology, the future market demand for modified plastics will be huge. Especially some special plastics, halogen-free flame retardant plastics, high temperature plastics, thermally conductive plastics, shielding plastics, conductive plastics and so on.
2. Has certain regional characteristics
The regional concentration of the modified plastics industry is relatively high, but it is gradually dispersed. From the perspective of the regional distribution of total output value and sales revenue of the modified plastics industry, the production and sales of modified plastics in China are mainly concentrated in East China and South China. The proportion of total industrial output value and sales revenue in Central and Southwest China has increased year by year. trend.
The regional distribution characteristics of the modified plastics industry are determined by the concentration and geographical distribution characteristics of its downstream industries. The downstream fields of the modified plastics industry are mainly automotive, automotive electronics, home appliances, construction, packaging, light industry, and even aerospace and other industries. Among them, automobiles and home appliances are the main application fields of modified plastics, with consumption accounting for more than 50%. Aerospace technology requirements are high, and the added value is also the highest in all industries.
The production capacity of China's modified plastics production enterprises above the scale is expanding rapidly. In order to obtain a larger market share with lower production costs, it is gradually expanding its focus on regional production capacity layout and forming a multi-point radiation market network. With the continuous development of the economy in the central and western regions of China and the advancement of industrial transfer, the pattern of the modified plastics industry's concentration in East China will gradually be broken.
3. The scale of domestic enterprises in the modified plastics industry is generally small
Compared with international chemical giants, domestic modified plastics manufacturing companies do not have advantages in technology, scale, and industrial chain, resulting in the lack of competitiveness of domestic modified plastics manufacturing companies in the field of high-end professional modified plastics. Although there is a big gap in performance between modified plastics produced by domestic enterprises and modified plastics produced by international chemical giants, the gap has gradually narrowed through the support of national policies and the continuous improvement of enterprise R & D capabilities, and domestic enterprises also have international chemical Some of the advantages that the giants cannot match, such as low cost, closeness to customers, flexible response, and customized services, etc. The above-mentioned advantages enable excellent domestic enterprises to gradually expand their market share in the market competition.
4. The market share of multinational companies in China is relatively high
At present, there are thousands of enterprises in China engaged in the production of modified plastics, but there are less than 100 large-scale enterprises (with a production capacity exceeding 3,000 tons), and the total production capacity exceeds 2 million tons. From the perspective of production capacity, domestic companies account for about 73%, and foreign or joint venture companies account for about 27%. However, from the perspective of market share, domestic companies have a market share of only 30%, while foreign companies have a market share of 70%. %.
Fifth, the technical level is backward, and the cost of raw materials determines the advantages
Although there are many types of modified plastic products, from the perspective of the composition of raw materials, they are basically concentrated on the five general-purpose plastic resins POM, PC, PBT, PA, and PPE. The price trends of the five major general-purpose plastics are basically the same as the crude oil prices, indicating that upstream companies have a strong ability to pass on costs. The characteristics of this industry determine that integrated enterprises with upstream resources will gain a certain cost advantage. Domestic modified plastics companies have not yet developed to the stage of front-end and back-end integration, and are subject to certain restrictions on the control of raw material costs.
Six, the market presents a structural surplus
Domestic modified plastics companies started late, the technology level is backward, and the production capacity is concentrated in the field of general-purpose large products. Due to certain technical barriers in the high-end field, it is difficult for general enterprises to enter, resulting in a certain excess capacity in the low-end mass field , While the high-end sector needs to import from abroad, there is a so-called structural surplus situation.
7. The key to competition is the modification technology formula
The current mainstream modification production technology is physical modification technology mainly based on filling, blending and reinforcement. Once the modification formula for filling, blending and reinforcement is decided, the specific operation requirements of downstream production equipment are not high. This technical characteristic determines that the key process of modified plastic production lies in the design of modified formula. From the current situation, the original formula of general-purpose large variety of modified plastics is basically in the state of open market, while high-performance professional type The formulation of sex plastics is in the hands of leading companies in various segments.
Eight, heavy asset operation
Compared with other industries, the modified plastics industry has the characteristics of large investment in fixed assets. Its equipment investment has the characteristics of large investment, high R & D cost, and long return cycle. Generally, the construction cycle of a standard modified plastic production line takes about half a year, and the equipment investment is huge. If you need to increase production, maintain stable quality, improve Product accuracy requires the use of large-scale equipment imported from abroad, and equipment investment is expensive! The long payback cycle requires more support and subsidies from the government.
Nine, automotive and home appliance robots are important engines for the development of the industry
At present, the application of modified plastics in the field of home appliances and automobiles in China accounts for more than 50%, so the development of the home appliance and automotive industries will have a greater impact on the market demand for modified plastics, but with the development of new energy automotive industry in recent years With the continuous improvement of domestic modified plastic technology and the gradual expansion of the scope of application, the impact of the development of the home appliance and automotive industries on the modified plastic industry will gradually decrease. The development of new industries is a hot spot for major modified plastics companies. In recent years, high-end (industrial) consumer products such as drones, VR, robots, aerospace, and other emerging industries such as sports goods!
In short, our modified plastics industry should increase capital investment, integrate higher education institutions, enterprises, capital and other parties, especially in the field of high-end formula products and special plastics to strengthen expansion, and humbly learn management and management from foreign and European and American companies. Operating mode, to solve the above pain points, engineering plastics is still a very promising industry. More businessmen and capitalists with strategic vision are required to pay attention to this new material industry!