What is the way forward in the modified plastics industry?
The plastics industry has developed rapidly and has become a major producer and consumer of plastics in the world.
However, we must also clearly see that due to weak foundation and weak research and development capabilities, we still rely heavily on imports in the high-end plastics field. Accelerating transformation and upgrading and achieving high-quality development is an arduous task that the plastics industry must adhere to and strive to accomplish in the long run.
Overall, China's modified plastics industry has experienced rapid development in more than a decade, and the low-end and mid-end markets are gradually showing overcapacity. In 2018, the newly added capacity of modified plastics was less. At the same time, due to the slowdown in the production and sales of home appliances and automobiles, the downstream demand market performed poorly. In 2018, the domestic production of modified plastics was 17.83 million tons, a year-on-year increase of 6.4%, and the modification rate was 20.8%.
The downstream applications of modified plastics mainly include household appliances, automobiles, office equipment, electronic and electrical tools, and electric tools. Among them, home appliances and automobiles are the main application areas, accounting for 37% and 23% respectively. The policy of “plasticizing and replacing wood” is continuously promoted, and the performance of modified plastics is continuously enhanced and improved. The downstream demand field of modified plastics will be more extensive in the future.
Jiangsu Plex Red Plum Masterbatch Co., Ltd. was established in 2003. The company is located in Changzhou National High-tech Development Zone. It is an enterprise engaged in R&D, production, sales and service of plastic masterbatch earlier. The main products of Hongmei are mainly composed of plastic masterbatch, functional masterbatch and modified materials. It is widely used in plastic processing enterprises such as injection molding, extrusion, coating, casting, drawing, blow molding, spinning, etc. With its good image of variety, complete chromatogram and stable quality, Hongmei masterbatch has been well received by customers.
