Toluene diisocyanate manufacturer News my country’s demand for synthetic resins continues to grow and the self-sufficiency rate for high-end products is insufficient

my country’s demand for synthetic resins continues to grow and the self-sufficiency rate for high-end products is insufficient

my country's demand for synthetic resins continues to grow and the self-sufficiency rate for high-end products is insufficient

Synthetic resin is a kind of artificially synthesized high molecular weight polymer, which is a kind of resin that combines or exceeds the inherent characteristics of natural resin. Synthetic resins can be divided into general-purpose resins and special-purpose resins according to different application fields; they can be divided into thermosetting resins and thermoplastic resins according to different engineering properties.
The upstream of the synthetic resin industry chain is the supply of raw materials such as oil, natural gas, phenol, formaldehyde, furfural, and methanol; the midstream is the production of various synthetic resins, including polyethylene, polystyrene, polyformaldehyde, polycarbonate, etc.; the downstream is extensive Used in automobiles, construction, rail transit, engineering machinery and other fields.
According to the “In-depth Market Research and Investment Strategy Suggestions Report on the Synthetic Resin Industry 2023-2027” released by the Industrial Research Center, with the With the continuous development of the national economy, the continuous improvement of social infrastructure construction, the continuous improvement of national living standards, the continuous expansion of the scale of automobile and other industries, the continuous growth of the demand for synthetic resins, and the continuous advancement of superimposed production technology, my country’s synthetic resin output is increasing year by year. In 2017, my country’s synthetic resin output was approximately 63 million tons, and in 2022, the output will exceed 113 million tons, with a compound annual growth rate of more than 12% from 2017 to 2022.
From the perspective of import and export scale, my country’s high-end synthetic resin self-sufficiency rate is insufficient and it is highly dependent on imported products. The import volume of synthetic resin is far greater than the export volume. However, as my country’s production technology continues to improve, national policies promote the industry to develop in a high-quality direction. In recent years, my country’s import volume of synthetic resin has gradually declined, while export volume has gradually increased. In 2022, my country’s synthetic resin import volume will be approximately 30 million tons, a year-on-year decrease of approximately 11%, and export volume will be approximately 12.4 million tons, a year-on-year increase of approximately 12%.
There are a large number of synthetic resin manufacturers in my country, and competition in the industry is fierce. Domestic synthetic resin manufacturers include China Petroleum & Chemical Corporation, China National Petroleum Corporation, Xinjiang Zhongtai Chemical Co., Ltd., Ningxia Baofeng Energy Group Co., Ltd., Jinan Shengquan Group Co., Ltd., etc.
From the perspective of enterprise distribution, most synthetic resin production enterprises are concentrated in southeastern coastal areas such as Shandong, Jiangsu, Shanghai, Zhejiang, and Guangdong. Among them, Guangdong Province has the largest number of enterprises, and Jiangsu Province ranks second. Judging from the output of synthetic resin products, the output of synthetic resin products of China Petroleum & Chemical Corporation will exceed 18 million tons in 2022, with a market share of more than 16%, ranking first. The output of synthetic resin products of China National Petroleum Corporation will exceed 1,160 tons. million tons, with a market share of over 10%, ranking second.
Industry analysts said that my country’s synthetic resin industry still suffers from insufficient supply of high-end products, strong dependence on imported products, and insufficient core technologies. Due to maturity and other issues, the industry still has a lot of room for development. Domestic synthetic resin manufacturers need to accelerate the pace of transformation and upgrading, improve their independent innovation capabilities, actively develop new products and new processes, and promote the development of the industry in the mid-to-high-end direction.
This article is from the Internet, does not represent the position of Toluene diisocyanate reproduced please specify the source.https://www.allhdi.com/archives/25080

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