1. High performance and low cost

Due to the development of modification technology, some general plastics can improve the original properties through modification technology, heat resistance and mechanical strength and other indicators have been significantly improved, so as to have certain engineering plastic properties, and the application field has been greatly expanded. For engineering plastics, due to the continuous improvement of raw material performance requirements in domestic automobiles, electronic appliances and other industries, the original engineering plastics can not fully adapt to the requirements of the downstream market, engineering plastics have been modified, various physical property indicators are more excellent, with more stringent performance to meet market demand. High-performance special engineering plastics can be used in cutting-edge scientific and technological fields such as electronic appliances, automobiles, and aerospace because they can withstand high temperatures, and have good performance and dimensional stability, but the market capacity of cutting-edge products is small. In order to further expand the application field of modified special engineering plastics, it is necessary to adopt a low-cost route and expand the market with a lower cost.

2. Downstream application fields continue to expand

Modified plastics are currently widely used in automobiles, communications, electronic appliances, new energy batteries, home appliances, medical, rail transit, precision instruments, home building materials, security, aerospace, military and many other national pillar industries and emerging industries, of which home appliances and automobiles are the most important downstream application industries of modified plastics.

In addition, modified plastics have been increasingly used in various fields of society due to their lightweight, corrosion resistance, flame retardancy, heat resistance, insulation and other properties. In the field of health protection, modified plastics can be applied to food packaging, medical protection and other scenarios; In the field of rail transit, modified plastics can be applied to interior and exterior decorations, structural parts and cushioning materials; In the field of home building materials, modified plastics are also an important part of power tools, security equipment and other products; In aerospace, military and other fields, modified plastics also have a wide range of applications.

3. The demand for import substitution has increased

Most of the domestic modified plastic enterprises are from the 90s after the development of domestic home appliances and the automotive industry began to rise, although the development speed in recent years is relatively fast, but the comprehensive competitiveness and international large chemical enterprises still have a certain gap, the current domestic high-end modified plastics market is still import-based, import substitution demand is large. With the continuous increase in R&D investment of large-scale domestic enterprises in the industry in recent years, the technology gap with large international enterprises has gradually narrowed, and some enterprises have gradually penetrated into the high-end market with the research and development of functionalized and high-performance products as the starting point.

On the other hand, in recent years, with the continuous strengthening of independent research and development of products by China's upstream petrochemical enterprises, the overall innovation speed of the domestic modified plastics industry has accelerated. With China's continuous promotion of economic transformation and industrial upgrading in recent years, the demand for import substitution of high-end modified plastics has become more and more urgent, providing good development opportunities for domestic industry leading enterprises with strong technical strength.