How should the modified plastics industry develop?

The two main application areas of modified plastics are home appliances and automobiles. With the steady growth of the domestic economy, the demand for modified plastics in the home appliance field will maintain a relatively stable and small growth.

Due to the development of lightweight technology for automobiles and the rapid growth of new energy vehicles, the average use of bicycles in the automotive industry will increase significantly. It is expected that the demand in the automotive sector will maintain a growth rate of about 4 to 5% in the coming years.

The demand for modified plastics will maintain a relatively stable growth rate, which has development prospects.

The raw materials of modified plastics are mainly general-purpose plastics and engineering plastics, and the price trend of these plastics is basically the same as that of crude oil prices, which indicates that upstream companies have a strong ability to pass on costs.

Therefore, in addition to increasing research and development efforts and investment to produce high-end sophisticated products, integrated enterprises with upstream resources will have great advantages.

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