[Plastic] China's modified plastics industry problems and development prospects forecast analysis

Plastic and rubber products have a wide range of products and a large market capacity.

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

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 and increasing the application of modified plastics in the fields of electric tools, automobiles, home appliances, electrical and electronics, and reforms including engineering plastics.

(2) The downstream market is vast and the demand continues to grow

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.

(3) Downstream product technology upgrades 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.

(4) The technological level of the industry has gradually improved

In recent years, the upgrading of downstream terminal products and the acceleration of the application of new technologies and new processes have led to the development and application of new modified plastics.

(Keyword: Plastic)