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What is the "money" outlook of China's modified plastics? 13 listed companies decrypt for you!

2018-02-26 16:07

Modified plastic refers to plastic products with improved properties such as flame retardancy, strength, impact resistance, and toughness, which are processed on the basis of general plastics and engineering plastics through filling, blending, and strengthening.
The modified plastic parts can not only achieve the strength properties of some steels, but also have a series of advantages such as light weight, rich colors, and easy forming. With the rapid development of the global economy, “plastic instead of steel” and “plastic instead of wood” have become new trends in the development of the global new materials industry. At this stage, it is almost impossible to find a large-scale alternative to plastic products. possible.
At present, there are more than 3,000 companies engaged in the production of modified plastics in China, but most of them are small in scale. Only 70 companies have a capacity of more than 3,000 tons, and even less than 10,000 tons. From the perspective of production capacity, domestic enterprises account for about 73%, and foreign or joint ventures account for about 27%. However, from the perspective of market share, domestic enterprises have a market share of only 30%, while foreign companies have a market share of up to 70%. %.
Among these many modified plastic companies, those who can achieve listed companies are all "strengthists." So, in China's Shanghai and Shenzhen cities, what are the leading sectors of modified plastics? Search material Jun is organized as follows:
China's plastic industry is increasingly entering the capital market to promote the rapid development of enterprises. The data in the above table also reflects the profitability, asset operation ability, and growth ability of domestic modified plastic companies to a certain extent. Along with domestic capital investment and technological progress in recent years, the gap between domestic and foreign modified plastics companies has gradually narrowed, and certain breakthroughs have been made in application areas such as lightweight vehicles, high-end appliances, and low-cost products.
However, there is still a gap between China's modified plastics production enterprises and foreign countries, and there is great potential for improvement. The automotive industry is the fastest growing area of demand for modified plastics. However, compared to the global 40% of modified plastics used in the automotive industry, China is only about 10%. China's plastic-steel ratio, an important indicator for measuring the development level of a country's plastic industry, is only 30:70, less than the world average of 50:50, and far less than developed countries such as the United States at 70:30 and Germany at 63:37.
There is much room for development of China's modified plastics industry. Data show that China's total plastic output rose from nearly 18 million tons in 2004 to nearly 80 million tons in 2016, and the modification rate also increased from 8% to 19%. Driven by the dual support of national policy support and the rapid growth of market demand, it is estimated that in the future, China's modified plastics will have a trillion-capacity market.
Sou Liujun believes that only through breakthroughs in technology, process, quality and industrial chain synergy can China's modified plastics companies go further in the plasticization industry and gain more dividends.

Next: A picture to understand the basics of plastic

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