Epoxy curing agent News my country’s modified plastics industry chain has basically taken shape, and the market size is gradually growing

my country’s modified plastics industry chain has basically taken shape, and the market size is gradually growing

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my country's modified plastics industry chain has basically formed a gradually growing market scale

Modified plastics refer to plastic products that have been modified through filling, blending, reinforcement and other methods on the basis of engineering plastics and general plastics. Their flame retardancy, impact resistance, toughness and other properties have been greatly improved. Modified plastics can not only achieve the strength of some steel materials, but also have the advantages of light weight, rich colors, and easy molding. With the gradual advancement of my country’s modified plastic production technology, the types of modified plastic products are gradually increasing. According to different application fields, they can be roughly divided into flame-retardant resins, plastic alloys, functional masterbatch types, reinforced and toughened resins, etc.

At present, my country’s modified plastics industry chain has basically formed. The upstream of the industry chain is mainly the raw material industry, which provides general plastics, engineering plastics, modifiers and other raw materials; the middle reaches is mainly the production industry of modified plastics, responsible for the production of different modified plastics. , manufacturing link; the downstream is mainly oriented to application fields, mostly used in home appliances, automobiles, aerospace, electronics and electrical, building materials and other fields. Among them, the home appliance field has become the largest application field of modified plastics, with a market share of 33.9%; followed by the automotive field, with a market share of 19.7%; and the third ranked office equipment field, with a market share of 7.4%.

In recent years, my country’s economy has developed rapidly, residents’ consumption levels have gradually increased, and their requirements for quality of life have gradually increased. As an important tool to improve the quality of life, household appliances have gradually increased market penetration. However, after years of development, my country’s household appliance market has become saturated and has gradually entered a period of inventory, with market demand gradually declining. Against this background, the total retail sales of my country’s household appliances market has gradually declined. According to data released by the China Electronic Information Industry Development Research Institute, in 2022, the total retail sales of my country’s home appliance market will be 835.2 billion yuan, a year-on-year decrease of 5.2%. As the main raw material for the production of household appliances, modified plastics have a certain impact on the market.

According to the“In-depth Research Report on China’s Modified Plastics Industry 2023-2028” released by the Industrial Research Center, at this stage, my country’s 5G , Internet of Things, artificial intelligence and other information technologies have gradually advanced, and have become more closely integrated with all walks of life. New energy vehicles, intelligent equipment and other industries have gradually emerged, and the demand for modified plastics has gradually increased. Against this background, the scale of my country’s modified plastics market has gradually grown. In 2022, my country’s modified plastics market size will be 415.35 billion yuan, a year-on-year increase of 14.2%.

Industry analysts said that at present, my country’s modified plastics market is less concentrated and has a larger number of companies. The largest modified plastics companies in my country mainly include Walter New Materials, Kingfa Technology, Jubilee Technology, Plit, Huitong, Jushi Chemical, Dawn, etc. Among them, Kingfa Technology has the largest market share, reaching 8.4%. As my country’s modified plastics industry continues to develop, the production capacity structure is gradually upgraded, backward companies are gradually eliminated, and market concentration is expected to increase in the future.

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