It is estimated that the global demand for modified plastics will reach 170 million tons in 2019.

HC Plastics News: China's plastic products industry has also shown sustained and steady growth. In 2015, the output of China's plastic products was 75.607 million tons, a cumulative increase of 1.0%; in 2016, the output of China's plastic products was 77.172 million tons, a cumulative increase of 2.7%; from January to July 2017, China's industrial enterprises above designated size, rubber and plastic products industry The main business income was 1,941.77 billion yuan, a year-on-year increase of 9.7%, and the profit was 112.14 billion yuan, up 4.8% year-on-year. From January to July 2017, China's primary form plastics production was 49.95 million tons, a cumulative increase of 4.2%.

With the gradual transformation and upgrading of the industrial structure, the proportion of high-end products has gradually increased, and the functions of basic supporting services have been continuously improved. Although the growth of output of plastic products has slowed down, its value space is still large, and the output value can maintain a high growth rate, meeting social generality. The basic application areas of demand continue to grow steadily while gradually strengthening high-end applications. The plastics processing industry is still in the stage of rising development, and the transformation and upgrading is progressing steadily. Compared with foreign markets, the development of domestic modified plastics industry is relatively late. Before the 1990s, China's modified plastics basically needed to be imported from abroad. In recent years, under the great attention and vigorous promotion of the new materials industry in the country, China's modified plastics market 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 sexuality has also increased from 8% in 2004 to 19% in 2016. Modified plastics have been used in a wider range of applications, with a compound annual growth rate of over 23%.

The development trend of “plasticizing steel” and “plasticizing wood” provides a broad market space for the development of the plastics industry. High performance and new functional modified plastics are gradually replacing ordinary plastics and other materials and are widely used in Christmas. Lighting, electronics, wire and cable, automotive and other fields. Thanks to the rapid development of many downstream industries and the increasing demand for emerging materials, the demand for modified plastics has been increasing at a relatively high level in recent years. China is a major producer and consumer of synthetic resins. In 2015, China's total output of synthetic resins reached 67.91 million tons, an increase of 10.65% year-on-year. Apparent consumption reached 103.802 million tons, an increase of 7.55% compared with 96.514 million tons in 2014. As the main raw material of modified plastics, the production capacity of synthetic resins in China has shown a steady upward trend, and the consumer market is huge. The continuous improvement in the supply of upstream raw materials has created conditions for the continued development of the modified plastics industry.

Editor in charge: Wang Ning 12

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