Current market situation and development of China'

2022-09-22
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Analysis of the current market situation and development prospect of China's synthetic resin industry in 2019, the overall import volume will show a steady downward trend in the future

analysis of the current market situation and development prospect of China's synthetic resin industry in 2019, the overall import volume will show a steady downward trend in the future, paint,

analysis of the market status and development prospects of China's synthetic resin industry in 2019. The overall import volume will show a steady downward trend in the future

January 6, 2020

the sales volume of China's five major synthetic resins accounts for more than 70%

the five major general-purpose synthetic resins, namely polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), polystyrene (PS) and acrylonitrile butadiene styrene terpolymer (ABS), are closely related to people's lives, It is widely used in the fields of packaging, construction, agriculture, household appliances and automobiles, and has passed the final acceptance organized by Henan energy and chemical industry group research institute. In recent years, China's synthetic resin industry has developed rapidly, and the five major synthetic resins have also increased. Their sales accounted for 74.54% in 2018

1. China is moving towards becoming a powerful country in synthetic resin

since the founding of new China 70 years ago, great achievements have been made in economic development. At present, China is the second largest economy in the world after the United States. China's synthetic resin industry ● host machine: the machine adopts a single space portal structure, and the industry has grown from scratch, from small to large, from large to strong. It has become the world's largest producer and consumer of synthetic resin. As an important part of the petrochemical industry, the synthetic resin industry has become the pillar industry of China's economy

looking back on the development history of 70 years, China's synthetic resin industry can be divided into three stages: the first stage is from 1949 to 1978. During this period, despite the blockade of major capitalist countries, China's synthetic resin industry still achieved from scratch

the second stage is from 1978 to 2008. Driven by the reform and opening up, China has fully introduced foreign advanced technology and made use of the market opportunities brought by China's accession to the WTO. In just 30 years, China's synthetic resin industry has rapidly become the world's largest producer and consumer of synthetic resin

the third power cut-off stage is from 2008. China's synthetic resin industry has entered a new stage of development. With the continuous development of new technologies, new varieties and new business forms, it has begun to move towards a powerful synthetic resin country

analysis of the development process of China's synthetic resin industry

source: sorted out by the forward looking Industry Research Institute

2. The overall output of China's synthetic resin has increased steadily, but some segmented resins still need to improve the self-sufficiency rate

at present, China's synthetic resin output still maintains a rapid growth rate. According to the data released by the National Bureau of statistics, the overall output of synthetic resin in China reached 63.035 million tons in 2013. By 2018, the output of synthetic resin rose to 85.58 million tons, with a compound annual growth rate of 6.31%

statistics of China's synthetic resin production in

data source: sorted out by the prospective industry research institute

although China's self-sufficiency in synthetic resin has been rising in recent years, some varieties of synthetic resin still need to be imported in large quantities. In 2017, China's overall self-sufficiency rate of synthetic resin reached 76.5%. Among them, PVC can be completely self-sufficient; Polystyrene can achieve self-sufficiency, and its self-sufficiency rate is 91.8%; The self-sufficiency rate of polyethylene and ABS resin is only 53% and 64.7%

statistics on the self-sufficiency rate of China's synthetic resin industry in 2017

data source: the forward-looking Industry Research Institute sorted out

3. The consumption demand is strong, and the sales volume of the five major synthetic resins accounts for 74.54%

from the sales situation, China's downstream consumption demand is strong, and the consumption of synthetic resins has increased steadily. In 2018, the apparent consumption of synthetic resin in China was about 109.193 million tons, with a year-on-year increase of 5, in line with the specification: the steel tensile testing machine meets the relevant standard requirements of food packaging testing equipment 58%。 Among them, the apparent consumption of the five major synthetic resins was about 89.577 million tons, with a year-on-year increase of 10.1%

statistics and growth of apparent consumption of China's synthetic resin industry in

data source: the forward-looking Industry Research Institute collated

from the perspective of consumption structure, the total sales of the five major synthetic resins in 2018 accounted for 74.54%. Among them, the apparent consumption of polyethylene in 2018 was 30.727 million tons, accounting for 28.14%; The apparent consumption of polypropylene reached 28.388 million tons, accounting for 21.89%; The apparent consumption of PVC reached 18.89 million tons, accounting for 17.30%; The apparent consumption of polystyrene reached 3.834 million tons, accounting for 3.51%; The apparent consumption of acrylonitrile butadiene styrene copolymer (ABS) reached 5.26 million tons, accounting for 4.82%

analysis of consumption structure of China's synthetic resin industry in 2018

data source: sorted out by the forward looking Industry Research Institute

with the continuous strengthening of the supply capacity of China's five general-purpose synthetic resins and the rapid development of the downstream Engineering plastics industry, it is expected that the overall import volume of China's synthetic resins will show a steady downward trend in the next few years

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