In 2017, the production and sales of ABS plastic raw materials in China all witnessed a substantial increase, with the operating rate of most domestic manufacturers even reaching full capacity or overloading status. Reviewing last year, when we sorted out the increment of major downstream products, the production and sales of ABS in 2017 Behind the substantial growth is a substantial increase in the demand of the downstream part of the terminal.
Generally speaking, ABS resins are widely used in the automotive industry, electronics, electrical appliances, appliances, building materials and other fields due to their excellent comprehensive properties such as impact resistance, heat resistance, low temperature resistance, chemical resistance, easy processability and good surface gloss. It is between a common plastic and engineering plastics a polymer material.In China, ABS downstream consumer mainly in the appliance industry.It is estimated that in 2017 ABS downstream areas of household appliances accounted for more than 60% The appliance industry by air conditioners, refrigerators, washing machines and other areas of the greatest demand for ABS.
ABS production and sales in China to achieve substantial growth in 2017, the majority of domestic manufacturers operating rate has reached full load or overload status.We sort out the incremental downstream products is not difficult to find, in 2017 ABS behind the high load requirements of the downstream terminal Dramatically improved.
In 2017, the production and sales volume of air conditioner market in China all reached a record high, benefiting from the low channel inventory, high summer weather, incremental demand driven by real estate post-production cycle, increased consumption in rural and third- and fourth-tier cities, product consumption upgrade and so on. According to the statistics from the National Bureau of Statistics of China, the output of air conditioners in China reached 180.398 million units in 2017, an increase of 26.4% over the previous year and an increase of 21.9% over the previous year.
Although the overall performance of the ice-washing market is not outstanding, there are many bright spots in the ice-washing market, especially in the refrigerator market, which hit 86,703,000 sets in 2017, an increase of 13.6% over the previous year and an increase of 9% over the previous year.
The performance of the washing machine industry was unsatisfactory and the growth rate slowed down markedly: China produced 75.9 million units in 2017, up 3.2% from the previous year and down 1.7% from the previous year's increase.
The global economy will continue to move forward on the road to recovery and the market is still optimistic about the prospects for home appliances in the PRC and will continue to drive the overall consumption of ABS, especially for the air conditioner market, which is expected to be an opportunity for growth in recent years. In 2018, the home appliances market will maintain a steady pace of development and there is no shortage of output that may continue to rise. Under the positive news, the demand for ABS in home appliances industry will continue to maintain a good momentum of development.