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%.
According to the calculation of the output of plastic products in major regions, in 2018, the top three provinces of China's modified plastics production were Guangdong Province, Zhejiang Province and Jiangsu Province, with output of 2.96 million tons, 2.37 million tons and 1.38 million tons respectively, accounting for domestic modified plastics. The proportion of production was 16.6%, 13.3% and 7.8%, respectively.
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.
Despite the slowdown in the production and sales of automobiles and home appliances in recent years, the use of lightweight vehicles and the use of home appliance modified plastics has increased, and there is still room for growth in the demand market.
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 early enterprise engaged in R&D, production, sales and service of plastic color masterbatch. After more than ten years of steady development, the company is currently one of the largest polyolefin masterbatch manufacturers in East China, and its business scale ranks among the top in the domestic industry. The company is the governing unit of China Dyestuff Industry Association, the deputy director unit of color masterbatch professional committee, the governing unit of China Spunbond Nonwovens Association, and the member of China Plastics Processing Association Modified Plastics Professional Committee. In 2017, the company was listed on the New Third Board. Securities abbreviation: Hongmei color mother, stock code: 871968.
