China's engineering plastics industry is stepping into a high-speed development period. The data show that the consumption of domestic engineering plastics will reach 2.71 million tons last year, an increase of 10.93% over 2010. In addition, with the engineering plastics clearly classified into the new material field, its future development prospects will be more attractive.
In this regard, the industry analysis pointed out that the development prospects of domestic engineering plastics industry are very good. In the next 4-5 years, the demand for engineering plastics may continue to maintain a growth rate of more than 10%.
Indeed, such optimistic expectations are not without a factual basis. On the one hand, from the application field of engineering plastics, it is mainly used in the fields of electronic appliances, machinery, automobile, building materials, light industry and so on. Compared with 42% of engineering plastics used in automobile industry, it is only about 10% in China. With the rapid development of domestic automobile industry, the consumption of engineering plastics will also maintain a rapid growth rate.
On the other hand, despite the influence of domestic and foreign economic situation, the demand of engineering plastics market remains strong in general. In its main downstream industries, the demand for consumer electronics products remains stable, and the growth of automobile industry is also relatively strong, and the market performance of real estate industry is weak. With the expansion of new applications such as solar energy and electric vehicles, the engineering plastics market will continue to grow at a high speed in the future.
Thus, during the 12th Five Year Plan, the engineering plastics industry in China will continue to develop and its strategic position will be constantly improved. In this regard, relevant experts suggest that China should accelerate the establishment of a relatively complete engineering plastics industry dominated by domestic enterprises, promote the reasonable improvement of industrial structure and product structure, so as to fundamentally improve the overall level of domestic engineering plastics industry.
