Recent developments and prospects of China's plastics industry

Looking at the past half of 2017, the data platform of the plastics industry has released a number of data, and the small series has recently released data on the three sub-areas of titanium dioxide, plastics and their products, plastic machinery and instrument parts. Finishing, take a look at the development status and prospects of this recent plastics industry in China.
Titanium dioxide
Recently, major media platforms have been hit by the information screen of “Europe wants to include titanium dioxide in carcinogens”, causing panic among the public. The relevant industry amnesty has come out "dispelling", which proves that this information is purely nonsense.
It is reported that the global demand for titanium dioxide in 2016 was 6.1 million tons, while the demand for titanium dioxide in China was 2.48 million tons, accounting for more than 40%. From 2005 to 2016, the apparent consumption of titanium dioxide in China increased by 1.71 million tons, corresponding to a GAGR of 11.2%; the output during the same period increased from 700,000 tons to 2.6 million tons, corresponding to a GAGR of about 12.7%. However, since 2016, China's titanium dioxide prices have skyrocketed, and overseas prices are also outrageous. Many companies have begun or have begun to hope for alternative products such as calcium white powder, and more companies are aiming at this "cake" and eager to try.
However, the global market price of titanium dioxide is soaring in the face of tight supply. In the face of global market gaps, the output of emerging industries can meet the needs of a country's industry, but it cannot fill the world's "hunger." In this regard, the titanium dioxide industry should make timely adjustments in the industry, refine the industry, differentiate development, and reduce price deviations and fluctuations.
Plastic and its products
Since the opening of the “Belt and Road” economic activities, the import and export of plastic products and related products have become more vibrant!
On May 24, 2017, He Wei, vice president of China National Light Industry Association, said at the “2017 China Plastics Industry Conference” that in 2016, China’s plastic products exported US$17.46 billion to the “Belt and Road”.
According to the latest statistics, from January to May 2017, China's plastic products exported 4.54 million tons, up 13.3% year-on-year; the export value was 106.92 billion yuan, up 22.1% year-on-year. In addition, from January to May 2017, China imported 11.64 million tons of primary-shape plastics, up 13.2% year-on-year; the import value was 134 billion yuan, up 27.5% year-on-year, etc. This kind of data is really gratifying. It can be seen that China's plastics and their products have considerable demand in overseas markets.
As a pillar industry of light industry, plastics has penetrated into various fields of industry and agriculture. Its market scale is huge and its benefits are gratifying. In 2016, the scale of China's plastic products marketing reached 3.24 trillion yuan, accounting for 4.35% of the national GDP. Based on the above data, plastic products and related industries occupy a pivotal position in China's economy. In order to better develop the market, China should gradually improve plastic products and related industries, improve product precision, and develop new products.
Plastic machine and instrument parts
In 2014, the market capacity of imported plastic machinery and equipment was 12.096 billion yuan, accounting for only 20.89% of the domestic plastic machinery market capacity, far lower than the 51.48% import share in 2008.
According to the data, the import volume of plastic machinery and instrument parts in China from January to March 2017 reached 0.39 million tons, an increase of 18.18% compared with the same period of last year; the import value was 168.79 million US dollars, compared with the same period of last year. It has increased by 18.30%. In the same period, the export volume of plastic machinery and instrument parts in China reached 0.69 million tons, an increase of 21.05% compared with the same period of last year; the export value was 117.64 million US dollars, an increase of 24.17% compared with the same period of last year.
It can be seen that although the import volume of plastic machine and instrument parts in China is in the growth stage, the market capacity has been greatly reduced, which is attributed to the efforts of China's plastic machinery manufacturers. In the long-term efforts, they insisted on continuously developing themselves, improving technology, greatly enhancing the performance of China's plastic machinery, developing China's low-end plastic machinery, and basically achieving self-sufficiency in low-end products in China's plastic machinery market. However, what we need to pay attention to is that in the future, the development focus of China's plastic machinery industry should focus on high-end products. From the data point of view, the import of high-end equipment only accounts for a quarter of the market share has created a market capacity of tens of billions, the value of its products can be imagined.
Xiaobian summary:
In summary, enterprises in the plastics industry need to adjust the industrial structure in a timely manner, refine the industry, and differentiate their development; they must focus on refining product quality, maintaining and improving their own vitality; persisting in research and development, innovation and technology, and expanding the product line of high-end fields for development. In the future, creating an effective and reliable economy will help.

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