The market demand for modified plastics is strong, and the industry concentration will further incre
  • 13 May, 2022
  • By EPIC Powder
  • 2 Comments

The market demand for modified plastics is strong, and the industry concentration will further incre

Modified plastics refer to plastic products that are processed and modified by filling, blending, strengthening, and other methods based on general plastics and engineering plastics to improve the properties of flame retardancy, strength, impact resistance, toughness, and other aspects. Widely used in home appliances, automobiles, communications, medical, electrical and electronic, rail transit, precision instruments, home building materials, security, aerospace, military, and other fields.

The market demand for modified plastics is strong and the development space is large

During the period from 2010 to 2021, my country's modified plastics grew rapidly, from 7.8 million tons in 2010 to 22.5 million tons in 2021, with a compound annual growth rate of 12.5%. For example, in the first quarter of 2022, Kingfa Technology handed over the answer sheet of the "best quarterly report in history": revenue was 9.057 billion, a year-on-year increase of 63.60%; profit was 765 million, a year-on-year increase of 439%. With the expansion of the application field of modified plastics, there is still a large space for the development of modified plastics in my country in the future.

At present, the demand market for modified plastics is mainly distributed in the United States, Germany, Japan, and South Korea. Developed countries such as the United States, Germany, Japan, and other developed countries have relatively advanced modified plastics technology and early application of modified plastics. The demand for modified plastics in these regions is far ahead. In recent years, with the advancement of modified plastics technology in China and the application of modified plastics The promotion of China's modified plastics market has also continued to increase.

In 2021, the global demand for the modified plastics industry will change greatly, to about 110 million tons. After the end of the new crown epidemic, with the recovery of production and consumption, the market demand for modified plastics will increase significantly. In the future, the growth rate of the global modified plastics industry market demand will be around 3%. The market demand will reach 130 million tons.

Market competition intensifies, industry concentration will further increase

At present, there are a large number of modified plastics production enterprises in my country, and the industry competition is fierce. Compared with international large-scale enterprises, there is still a certain gap in the overall technical capabilities of my country's modified plastics industry.

Affected by the Sino-US trade war, the new crown pneumonia epidemic, and many other factors, my country's manufacturing industry has paid more and more attention to the construction of the supply chain, requiring the supply chain to be stable and reliable, and emphasizing independent control. With new opportunities, with the market opportunities and the support of the national industry, my country's modified plastics industry will reach a new level, and several outstanding enterprises that can compete with large international enterprises will emerge.

At the same time, companies with homogenized technology, lack of independent research and development capabilities, and low-quality products will also face the situation of being phased out by the market, and further improvement of industrial concentration will also become an overall development trend.

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