The market scale of the modified plastics industry will continue to expand in 2021!
With the rapid economic development and the continuous advancement of "plastics for steel" and "plastics for wood", modification equipment and technology continue to mature, and the modified plastics industry system is constantly improved, which greatly promotes the upgrade and development of the plastics processing industry.
In terms of output, the output of modified plastics in 2010 was only 7.7 million tons, and it has increased to 21.56 million tons in 2020, accounting for 20.4% of domestic plastic output, with a compound growth rate of about 10.9%. The overall modification rate of plastics has increased from 13.21% in 2010 to 20.7% in 2020, which has exceeded the world average (about 20%).
Jiangsu Hongmei Color Masterbatch Co., Ltd. was established in 1990. The company is an industry leader engaged in the research and development, production, sales and service of polymer composite coloring materials earlier in China. It is currently the largest polyolefin in East China. One of the color masterbatch manufacturers, the scale of business ranks among the forefront of the domestic counterparts.