The growth rate of domestic automotive modified plastics market will reach 26%

Modified plastics are superior to general-purpose plastics in flame retardancy, strength, impact resistance, toughness, etc., and have a wide range of downstream applications, mainly used in home appliances, automobiles, construction, office equipment, machinery, etc. It is its two largest application areas. At present, the automotive industry has become the fastest growing field for demand for modified plastics. Due to steady growth in global vehicle production, automotive lightweight plastic makes the bike modified to increase the amount, according to estimates, 2018 global plastic market value of the car is expected to 2012 years 216.16 increase billion dollars 461.12 billion US dollars, the annual compound growth rate of 13.46 %; Consumption is expected to increase from 7.1 million tons in 2012 to 11.3 million tons in 2018 , an annual growth rate of 8.05% .

Modified plastics industry will continue to expand

Modified plastics are the material basis for most of the people's needs in all aspects of life. As the people's material life is becoming richer, the consumption of materials is increasing. From the total point of view, the finished products of China's modified plastics industry have increased year by year, but the growth rate has declined. In 2016, the industry's finished products were 3.836 billion yuan, with a compound growth rate of 7.52% in 6 years. According to estimates, in 2017, the scale of finished products in China's modified plastics industry was about 4.124 billion yuan.

From 2009 to 2016, the demand for China's modified plastics industry continued to grow. Although the growth rate also fluctuated, the growth rate was relatively higher than the total market output. By 2016, the industry achieved sales sale income 1112.98 billion, 7 -year compound growth rate of 13.18 percent, higher than the supply growth of nearly 6 percentage points. According to estimates, in 2017, the revenue of modified plastics reached 125.937 billion yuan.

At present, the domestic modified plastics industry started late and the market share is low. The domestic plastic modification rate (10%) is still lower than the international average level (20% ) ; there are more than 3,000 modified plastics production enterprises in China, most of which are The annual output is less than 3,000 tons, and less than 10,000 tons. Most of these enterprises are generally small in size, lack of production technology and quality assurance capabilities, it is difficult to meet the requirements of high-end automobiles, and the localization of high-end automotive special plastics is low. With the lightening of automobiles and the upgrading of home appliance consumption, the high growth of modified plastics will continue in the future, and the development prospect is very broad. It is estimated that by 2023, the sales scale of China's modified plastics industry is expected to exceed 262.2 billion yuan.