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It Is Estimated That 2019 Global Demand For Modified Plastics Will Reach 170 Million
Jan 08, 2018

China's plastic products industry also showed sustained and steady growth. In 2015, the output of plastic products in our country was 75,607,000 tons, a cumulative increase of 1.0%. In 2016  , the output of plastic products in China was 77,212,000 tons, a cumulative increase of 2.7%. From January to July 2017, among the industrial enterprises above designated size, rubber And plastic products main business revenue of 1.94177 trillion yuan, an increase of 9.7%, a profit of 112.12 billion yuan, an increase of 4.8%; January 2017 China's primary form of plastic production was 49.95 million tons , A total increase of 4.2%. 

With the gradual transformation and upgrading of the industrial structure, the proportion of high-grade products has been gradually increased, and the basic supporting service functions have been continuously improved. Although the output of plastic products has slowed down, its value space is still huge and its output value can maintain a relatively high growth rate. The basic requirements of the application area to maintain steady growth, while gradually strengthening the high-end applications. Plastic processing industry is still in the rising stage of development, the transformation and upgrading are steadily advancing. Compared with foreign markets, the development of domestic modified plastics industry is relatively late. Before  the 1990s, most of the modified plastics in our country needed to be imported from abroad. 

In recent years, the state attaches great importance to and vigorously promote the new material industry, the market for modified plastics in our country has ushered in a booming stage. The output of modified plastics increased from 5.7 million tons in 2009 to 10 million tons in 2016 The rate of sexualization also increased from 8% in 2004 to 19% in 2016. The modified plastics have been used in a wider range with a compound annual growth rate exceeding 23% The development trend has provided a vast market for the development of the plastics industry. High performance and new functional modified plastics are gradually replacing ordinary plastics and other materials to be widely used in the fields of Christmas lighting, electrical appliances, wire and cable, automobiles and the like. Benefit from the rapid development of many downstream industries and the rising demand for new materials, the demand for modified plastics market has been increasing at a high level in recent years. China is a large producer and consumer of synthetic resins. In 2015, China's total output of synthetic resins reached 76.91 million tons, up 10.65% over the same period of previous year, with an apparent consumption of 103.08 million tons, an increase of 96.554 million tons in 2014 7.55% 3. As the main raw material of modified plastics, the production capacity of synthetic resins in China shows a steady upward trend as a whole, and the consumption market is huge. The continuous improvement of the upstream raw material supply has created the conditions for the sustainable development of the modified plastics industry.