Summary of the nine characteristics of the development of the modified plastics industry

First, the proportion of applications in manufacturing is relatively low

Compared with foreign markets, the development of the modified plastics industry is mature. The ratio of plastics and steel in the development of Germany's economy is 63:37, the United States is 70:30, and the world average is 50:50. The Chinese modified plastics industry started. Late, the application of large-scale modified plastics has just begun. Limited by production technology, the proportion of domestically produced modified plastics in precision manufacturing is even lower. China's current plastic-plastic application ratio is only 30:70, which is far lower than the developed countries and the world average. Considering that China is a big manufacturing country, with the continuous development of the economy and the continuous improvement of modified plastics technology, the demand for modified plastics in the future market will be enormous. Especially some special plastics, halogen-free flame retardant plastics, high temperature plastics, thermal plastics, shielding plastics, conductive plastics, etc.; I found that China's semi-aromatic nylon imports more than 30,000 tons per year, polyphenylene sulfide The import volume of plastics has reached more than 10,000 tons; it is almost monopolized by foreign companies!

Second, have certain regional characteristics

The regional concentration of the modified plastics industry is relatively high, but it is gradually dispersed. From the perspective of the regional distribution of total output value and sales revenue of the modified plastics industry, the production and sales of modified plastics in China are mainly concentrated in East China and South China. The total industrial output value and sales revenue of Central and Southwest China are increasing year by year. trend.

The regional distribution of the modified plastics industry is determined by the concentration and geographical distribution characteristics of its downstream industries. The downstream areas of the modified plastics industry are mainly in the automotive, automotive electronics, home appliances, construction, packaging, light industry and Other industries. Among them, automobiles and home appliances are the main application areas of modified plastics, accounting for more than 50% of consumption. Due to the significant regional characteristics of downstream production enterprises such as household appliances and automobiles, the production and sales of domestic modified plastics are mainly distributed in the Yangtze River Delta and Pearl River Delta regions.

China's manufacturing enterprises above the scale of plastics have rapidly expanded their production capacity. In order to obtain a larger market share at a lower production cost, they are gradually expanding in a way that focuses on regional production capacity and forms a multi-point radiation market network, but with The continuous development of the economy in the central and western regions of China, the advancement of industrial transfer, and the pattern of the concentration of the modified plastics industry in East China will be gradually broken.

Third, the domestic modified plastics industry is generally small

The total number of domestic modified plastics production enterprises exceeds 3,000, most of which are less than 3,000 tons per year, and nearly 50 of them are more than 3,000 tons. The main domestic modified plastics production enterprises are as follows:

Compared with international chemical giants, domestic modified plastics production enterprises do not have advantages in technology, scale and industrial chain, resulting in the lack of competitiveness of domestic modified plastics production enterprises in the field of high-end professional modified plastics. Although the modified plastics produced by domestic enterprises and the modified plastics produced by international chemical giants have large gaps in performance, but through the support of national policies and the continuous improvement of R&D capabilities of enterprises, the gap is gradually narrowing, and domestic enterprises also have international chemicals. Some of the advantages that the giant can't match, such as low cost, close proximity to customers, flexible response, customized services, etc., have made the excellent domestic enterprises gradually expand their market share in the market competition.

Fourth, the proportion of market share of multinational companies in China is relatively high

At present, there are thousands of enterprises in China engaged in the production of modified plastics, but there are only more than 70 large-scale enterprises (capacity of more than 3,000 tons), with a total capacity of more than 2 million tons. In terms 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 70%. %.

At present, foreign large enterprises that have established modified plastic production bases in China include SABIC, DuPont, SOLVAY, Dow, BASF, LANXESS, BAYER, Celanese, Asahi Kasei, Polyplastics, Samsung, Korea. Company, LG Company, Kumho Company, Netherlands DSM Company, etc.

5. The technical level is backward, and the cost of raw materials determines the comparative advantage.

Although there are many kinds of modified plastic products, from the perspective of the composition of raw materials, they are mainly concentrated in the five general plastic resins POM, PC, PBT, PA, PPE. The price trend of the five general-purpose plastics is basically consistent with the trend of crude oil prices, indicating that the upstream enterprises have strong cost transfer ability. This industry characteristic determines that an integrated enterprise with upstream resources will gain a certain cost advantage.

The international large-scale chemical enterprises have comparative advantages in the first place: the world's major modified plastics manufacturers have a long history, long-term technology precipitation, and are also large-scale chemical enterprises integrating raw material production, modification processing and product sales. Such as SABIC, DuPont, BASF Polyplastics and other companies. However, domestic modified plastics enterprises have not yet developed into the stage of integration of front and rear ends, and have been restricted in the control of raw material costs. Therefore, our engineering plastics industry entrepreneurs should make full use of the current advantages and opportunities, leverage the power of capital, conduct cross-border mergers and acquisitions, establish large enterprise groups, increase research and development efforts and investment, and produce high-tech products. Go out of the country and compete with foreign chemical companies.

Sixth, the market presents a structural excess situation

Domestic modified plastics enterprises started late, the technology level is backward, and the production capacity is concentrated in the general-purpose large-product field. The high-end field has certain technical barriers and is difficult to enter, resulting in a certain surplus in the low-end industry, while the high-end field Need to import from abroad, there is a so-called structural excess. The author's research found that China's semi-aromatic nylon imports more than 30,000 tons per year, and the import of polyphenylene sulfide modified plastics also reached more than 10,000 tons; almost monopolized by foreign companies!

Seven, the key to competition lies in the formulation of modified technology

At present, the mainstream modified production technology is a physical modification technology based on filling, blending and strengthening. Once the modified formula for filling, blending and strengthening is determined, the specific operation requirements of the downstream production equipment are not high. This technical characteristic determines that the key process of modified plastics production lies in the design of the modified formula. From the current situation, the original formula of the general-purpose large variety of modified plastics is basically in the open state of the market, while the high-performance professional type is changed. Formulations for plastics are in the hands of leading companies in various segments, such as DuPont and SABIC, which have most of the premium formulations in the existing modified formulations on modified PAPBT and modified PCPC/ABSPPE products. Patent; Belgian SOLVAY has a very rich high-quality product line in PPAHPPAPPSLCPPESUPPSUPSUPEEK through 20 years of cross-border mergers and acquisitions. In recent years, through the capital operation, the acquisition of CPCHEM's RYTONPPS, the acquisition of India's PEEK production line, is currently at the top of the plastic product pyramid, profit Very impressive; their corporate strategy and operational model are worthy of our entrepreneurs' reference and learning;

Eight, heavy asset operations

Compared with other industries, the modified plastics industry has the characteristics of large investment in fixed assets. The investment in equipment has the characteristics of large investment and slow effect. Generally, the construction period of a standard modified plastic production line takes about half a year. The investment amount of equipment is huge. If it is necessary to increase production, maintain stable quality and improve product precision, it needs to adopt Foreign imports of large-scale equipment, equipment investment price is high! The return period is long, this requires more support and subsidies from the government.

9. Automobiles and home appliance robots are important engines for the development of the industry.

At present, the application of modified plastics in China's home appliances and automobiles sector accounts for more than 50%. Therefore, the development of home appliances and automotive industry will have a greater impact on the market demand for modified plastics, but with the recent development of new energy automotive industry Development, with the continuous improvement of domestic modified plastics technology and the gradual widening of the scope of application, the impact of the development of home appliances and automotive industry on the modified plastics industry will gradually decrease. The development of new industries is a hot spot for major modified plastics companies. Such as in recent years, drones, VR, robots, high-end consumer goods, sporting goods and other emerging industries.