modified Plastic raw materials The overall market demand is very large. In 2017, it is estimated that the overall market has reached 13.61 million tons, and the consumption amount is also rapidly increasing. Since 2004, CAGR was 14.3%, higher than plastic Overall 9.6%. Modified plastics are widely used in many industries such as automotive (23.5%), home appliances (37.0%), etc. Because of its product advantages that ordinary plastics do not have, the analysis of applications shows a promising future.
At present, the proportion of domestic modified plastics (10%) is far below the international standard (20%). The main reason is that domestic enterprises started out late and the market share is low. However, with the reduction of automobile weight and the upgrading of consumer electronics, Positive factors in the next few years will focus on the outbreak, then the high growth of modified plastic demand from the current situation can be sustained, the development prospects are very broad.