How is the modified plastics industry now?

The main listed companies in the modified plastics industry: Jinfa Technology (600 143), Guo En (002768), Pulitzer (002324), Dawes (002838), Huitong (6882 19), Yi Tong (300538), etc.

The core data of this paper: production and sales data, regional distribution and operating income of modified plastics.

General situation of industry

1, definition

Modified plastic refers to a new type of polymer resin material obtained by introducing specific additives into general polymer resin, or changing the molecular chain structure of the resin, or forming an interpenetrating network structure, or forming an island structure by physical, chemical or both methods.

Compared with the original resin material, the modified plastic has superior properties in electricity, magnetism, heat resistance, flame retardancy, aging resistance and mechanical properties. 20 1 1 On June 23rd, 2008, the National Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Commerce and China National Intellectual Property Administration issued the document "Guide to Key Areas of High-tech Industrialization with Current Priority (20 1 1)", which identified the fourth largest industry "new materials" among the top ten industries that should be given priority at present.

According to their functional applications, modified plastics can be mainly divided into flame retardant resins, reinforced and toughened resins, glass fiber reinforced thermoplastics, plastic alloys and PVC alloy products. Their consumer groups and applications are shown in the following figure:

2. Industrial chain analysis: wide scope of application.

Modified plastics belong to the intermediate products in the petrochemical industry chain, and are mainly processed from five general plastics and five engineering plastics. According to different fillers, modified materials can have the characteristics of flame retardancy, impact resistance, high toughness and easy processing. At present, modified plastics have been widely used in household appliances, automobiles, construction, packaging, light industry and other industries.

At present, there are mainly petrochemical, synthetic resin/plastic and modifier enterprises in the upstream of modified plastics, among which the upstream petrochemical enterprises mainly include China Petrochemical, Shanghai Petrochemical and Huajin Co., Ltd.; The upstream synthetic resin/plastic enterprises mainly include Yongyue Technology, Huafeng Microfiber, Hongchang Electronics, Fosu Technology, Shen Jian and so on. The upstream modifier enterprises include Lianlong, Rixing Chemical, Real Madrid Technology, Ruifeng Gaocai and Brilliance. The middle reaches of the modified plastics industry chain mainly include enterprises such as Blonde Technology, Guoen, Pulit, Liming, Huitong, Yi Tong, National Science and Technology, Jushi Chemical, Jubilee Technology, Midland New Materials, Walter, Nanjing Dragon and Jieshijie.

Development course of the industry: the growth rate of the industry slows down

China's plastic industry started after liberation, and the first set of PVC resin synthesis device was completed and put into operation in Jinxi in 1958, which marked that China's plastic processing industry with synthetic resin as the main raw material entered a period of industrial development. After 1972, I

China has successively established a number of raw material production bases based on petrochemical industry, which has promoted the gradual development of plastic industry in China.

After the reform and opening up, the plastic processing industry in China has entered a period of rapid development. The state has continuously introduced policies to encourage the development of light industry, actively attracted foreign capital to set up foreign-funded enterprises by introducing advanced processing technologies and equipment on a large scale, vigorously strengthened the transformation of scientific and technological achievements, and promoted great changes in the entire plastic processing industry. During this period, China's modified plastic technology gradually emerged, but due to the relatively backward modification technology, the performance or quality of modified plastic products can not fully meet the requirements of use. Many high-end products depend on imports, and international multinational companies such as DuPont, BASF and DSM took the opportunity to enter the China market. At the same time, the first generation of modified plastics enterprises in China appeared in Guangdong, Jiangsu, Zhejiang, Shandong and other provinces.

After entering the 2 1 century, China's manufacturing industry has developed rapidly, and automobiles and household appliances have spread rapidly. With the increasing awareness of global energy conservation and environmental protection, automobiles and household appliances are developing in the direction of thinness, and plastic products have obvious substitution effects on metals and other materials. With the continuous development of the domestic capital market, some domestic modified plastics enterprises have developed rapidly, their scale has expanded rapidly, their technology has been continuously improved, and they have strong technical capabilities in formula design. The performance of some modified plastic products has reached the international advanced level, and it has been gradually applied in high-end fields, which has helped China to develop into a world plastic power.

Industrial policy background: Modified plastics is a new material industry that the country focuses on developing.

After the "Thirteenth Five-Year Plan", we will accelerate the transformation and upgrading of the plastic processing industry and improve the independent innovation capability of the plastic processing industry. New materials, new technologies, new equipment and new products have all become the top priorities of the "Thirteenth Five-Year Plan", and relevant policies for the plastic industry have also followed.

Looking forward to the tenth five-year plan, China will carry out pollution prevention and control actions in depth, strengthen the whole chain prevention and control of plastic pollution, and vigorously develop strategic emerging industries. As the cornerstone of the development of strategic emerging industries, new materials have been highly valued in the strategies and tasks of the development of chemical new materials industry during the tenth five-year plan period. During the tenth five-year plan period, resin materials (LCP, PI, epoxy resin, etc. The core copper clad laminate for 5G communication base stations will be developed; High-performance engineering plastics such as polysulfone, polyphenylene sulfone, polyether ether ketone and liquid crystal polymer.

Current situation of industry development

1, the output of modified plastics continues to increase.

From 20 10 to 20 19, the output of modified plastics in China increased year by year. In 2020, the domestic plastic output was103.55 million tons, up by 7% year-on-year, and the modification rate was 2 1.7%. In 2020, the output of modified plastics will be 22.5 million tons.

2. Jiangsu, Zhejiang and Shandong are the main provinces producing modified plastics.

According to the regional data of primary plastics output published by the National Bureau of Statistics, in 2020, the top three provinces in China were Jiangsu, Zhejiang and Shandong, with output of 2,328,600 tons, 2,266,600 tons and1938,600 tons respectively, accounting for/kloc-0.92% and 10 respectively.

3. Home appliances and automobiles are the main downstream fields of modified plastics.

From the downstream demand, home appliances, automobiles, office equipment, electronics and power tools are the main application fields of modified plastics. Among them, household appliances, as the largest consumption field of modified plastics, will account for about 34% in 2020, followed by the automobile field, accounting for 19%. With the continuous promotion of the policy of "replacing steel with plastic" and "replacing wood with plastic", we believe that the downstream demand field of modified plastics will be more extensive in the future. While the demand for traditional applications is gradually slowing down, new market applications will gradually open.

Industry competition pattern

1. Regional competition: The production capacity of modified plastics industry in China is mainly distributed in East China.

Judging from the distribution of production capacity, the production capacity of China's modified plastics industry is mainly distributed in East China. Among the top 15 provinces and cities in China in 2020, East China accounts for 5, with the largest proportion of modified plastics, of which Jiangsu Province accounts for 1 1.74%, and Zhejiang Province accounts for 1 1.74%.

2. Enterprise competition: At present, the overall concentration of the industry is low, and the production and sales of blonde technology are leading.

According to the data of the 2020 annual report published by listed companies in the modified plastics industry, in 2020, the sales volume of blonde technology modified plastics was1546,600 tons, up by 22.36% year-on-year; The sales volume of Guoen modified plastics was 3,065,438+0.2 million tons, up by 65,438+00.00% year-on-year; The sales volume of Huitong modified plastics is 345,200 tons. At present, the leading listed companies in the modified plastics industry in China are Blonde Technology, Guoen and Huitong. The operating income and production and sales of modified plastics of these three listed companies are relatively large. Judging from the production and sales rate, in 2020, only Jushi Chemical, Jubili Technology and Walter Co., Ltd. have a production and sales rate greater than 100%, and other enterprises are in a state of overcapacity.

In 2020, the market share of Blonde Technology will reach 7. 1%, and Huitong will reach 1.6%. The market share of Guoen shares reached 1.4%.

Generally speaking, the market concentration of modified plastics industry in China is not high. According to the output of various enterprises, the market share of CR5 in the modified plastics operation market will be 12.62% in 2020, mainly because the technological process of modified plastics is short and simple. At present, the original formula market of some general large-scale modified plastics is open, so it has entered more manufacturers. The core of the competitiveness of modified plastic products lies in the formula. In the formulation design, a slight change in the ratio of raw materials and modified additives will cause large fluctuations in product performance indicators. Therefore, the technical and financial barriers of modified plastics in automobile, precision instruments and other fields are higher, while the technical barriers in packaging, office supplies, tableware and other fields are lower.

Industry development prospect and trend forecast

1. It is estimated that the domestic output of modified plastics will reach about 28.58 million tons in 2026.

As a new material product, modified plastics belong to the category of national strategic emerging industries, so it is encouraged and supported by national policies, and the central and local governments provide a good policy environment for the healthy and stable operation of the industry. Among them, "Made in China 2025", "Outline of the 14th Five-Year Plan for National Economic and Social Development" and "Thirteenth Five-Year Plan for the Development of National Strategic Emerging Industries" have pointed out the direction for the development of modified plastics technology.

In the future, modified plastics will develop in the direction of high performance, environmental protection and multi-function, and gradually penetrate into more application fields. However, the current production environment of modified plastics industry is not optimistic. The domestic modified plastics industry has experienced rapid development in the early stage, and now there is overcapacity. At the same time, domestic economic growth has slowed down, international trade friction has intensified, and many countries have introduced plastic restrictions. In 20021year, China's economy began to recover from the impact of the new epidemic, which had a great impact on automobiles and household appliances in the downstream industries of modified plastics. The demand for modified plastics in these two industries has also picked up. The demand for modified plastics in the medical device industry increased sharply due to the COVID-19 epidemic. On the whole, in the next five years, the domestic modified plastics industry will enter a recovery period, and the output will start to increase, with a compound annual growth rate of about 5%.

2. The application fields of modified plastics are constantly broadened, and the performance is constantly improved, which is environmentally friendly.

The application fields of modified plastics are gradually widened. With the application of new technology, the flame retardancy and alloying level of modified plastics have been continuously improved, and its application field has gradually expanded from a single industrial field to building materials and electrical fields. For example, modified PP plastic can effectively replace the application of marble, which has the characteristics of light weight, low cost and good processability.

High performance of engineering plastics. Engineering plastics can improve various mechanical and physical properties through modification to meet the high performance requirements of downstream industries for engineering plastics, such as high temperature resistance, high flame retardancy, high heat resistance, high fluidity, wear resistance and high rigidity. High-performance engineering plastics are mainly treated by "alloying". By blending, grafting and blocking engineering plastics with other plastics, the properties of various plastics are organically combined to construct a new type of high-performance plastic material, which has been widely used in engineering applications.

In the production of nano-modified plastics, the amount of inorganic nanoparticles is relatively small, which is only about110 of the usual inorganic fillers, and the density of the composite material has little deviation from the original resin. Therefore, the modified plastics obtained by nanotechnology will not increase the factory production cost of the modified plastics due to the increase of the density of the modified plastics, and also avoid the degradation of the properties of the modified plastics due to excessive fillers. The performance of modified plastics improved by nanocrystallization is greatly enhanced, and the nano-modified plastics will not be broken during processing or recycling, and the modified plastics have a strong recyclability.

With the increasing awareness of global environmental protection, consumers have higher and higher requirements for the flame retardancy of plastic products. Halogen-free, low-smoke, low-toxic and environment-friendly flame retardants have been more and more widely used. Some multinational companies such as Sony, Apple and Hewlett-Packard have also put forward their own environmental standards. In addition to limiting halogen compounds, they also impose limited control on heavy metals such as lead, cadmium, mercury and hexavalent chromium.

The above data comes from the Forecast and Analysis Report on Production and Marketing Demand and Investment of Modified Plastics Industry in China by Prospective Industry Research Institute.