Modified plastics: the demand for rapid growth, broad space for development

The overall demand for modified plastic raw materials is very large. It is estimated that the overall market has reached 13.61 million tons in 2017, and the amount of consumption is also growing rapidly, with a CAGR of 14.3% since 2004, which is higher than the overall plastic 9.6%. Modified plastics are widely used in many industries, such as automobiles (23.5%) and home appliances (37.0%). Because of its product advantages that ordinary plastics do not have, modified plastics have a broad prospect in terms of application analysis.

At present, the proportion of domestic modified plastics (10%) is far lower than the international level (20%), the main reason is that domestic enterprises started late, low market share; However, with the automobile lightweight and household appliance consumption upgrade, it can be said that favorable factors will be concentrated in the next few years, so the high growth of demand for modified plastics can be sustained from the current situation, and the development prospect is very broad.