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    Home > Chemicals Industry > Rubber Plastic News > Development Dilemma and Prospects of China's Modified Plastics Industry in 2020

    Development Dilemma and Prospects of China's Modified Plastics Industry in 2020

    • Last Update: 2022-08-24
    • Source: Internet
    • Author: User
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    Plastic and rubber products have many product categories and large market capacity.
    They are new growth points of China's economic development and key industries of the national economy


    .


    The development dilemma of the modified plastics industry

    The development dilemma of the modified plastics industry

    (1) Multinational enterprises increase investment in the Chinese market, and competition intensifies

    With the deepening of economic globalization, multinational petrochemical giants such as DuPont, BASF, DSM, and PolyOne of the United States have increased investment and set up factories in China


    .


    (2) The technical level of domestic enterprises is relatively low

    Due to the short development time, the overall strength of domestic modified plastics enterprises is still insufficient, especially the weak R&D and independent innovation capabilities


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    Development Prospects of Modified Plastics Industry

    Development Prospects of Modified Plastics Industry

    (1) Industrial policies support the development of modified plastics

    The Chinese government has adopted a series of policies and measures aimed at encouraging the development of China's modified plastics industry, increasing the application of modified plastics materials in power tools, automobiles, home appliances, electrical and electronic fields, etc.
    Sexual plastics have been classified as a priority area for industrialisation under a series of government guidelines or development plans


    .


    (2) Broad downstream market and growing demand

    Modified plastics are used in many fields, and the rapid development of downstream application fields is bound to have a great pulling effect on the plastics industry


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    (3) Downstream product technology upgrade and green and low-carbon development will drive industry development

    Under the guidance of the national environmental protection policy, the technological upgrading and green development of the modified plastics industry will become one of the main development directions of the industry


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    (4) The technical level of the industry is gradually improved

    In recent years, the upgrading of downstream terminal products and the application of new technologies and processes have accelerated, which has driven the research and development and application of new modified plastics.
    The faster technology replacement has also promoted the upgrading of the entire industry, making the technology of domestic enterprises continue to move forward.
    At the same time, through independent research and development and the introduction of advanced technologies, domestic enterprises have been accumulating technological achievements and improving their technical levels, some of which have reached the international leading level.
    Occupy more market share in the plastic products industry


    .


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