The scale of the plastic additives market is further expanding and competition among enterprises is fierce

Plastic additives, also known as plastic additives, are some compounds that must be added to improve the performance of synthetic resins. They play a particularly important role in plastic molding. There are many types of plastic additives, including plasticizers, heat stabilizers, processing aids, light stabilizers, fillers, coupling agents, release agents, etc. Among them, plasticizers can increase the plasticity and flexibility of plastics; heat stabilizers can delay or stop the cracking and chain scission of plastics due to oxidation, and improve the performance of plastics; processing aids can increase the plasticity of plastics and improve plasticization. process, improve product quality, etc.

At present, my country has formed a complete plastic additives industry chain. The upstream of the industrial chain is mainly petrochemical companies, which provide raw materials for the production of plastic additives; the midstream is plastic additives companies, mainly responsible for the research and development and production of plastic additives; the downstream is plastic product companies, whose products are mainly used in medical packaging, food packaging, Children’s tableware, toys and other fields.

As the application range of plastic products becomes more and more extensive, my country has gradually become one of the world’s largest producers and consumers of plastic additives. At present, my country’s plastic additive production is showing a steady growth trend. From 2018 to 2022, my country’s plastic additive production increased from 6.4039 million tons to 7.7425 million tons. At the same time, my country’s plastic additives consumption has also been increasing year by year. From 2018 to 2022, my country’s plastic additives consumption increased from 5.8572 million tons to 7.2861 million tons.

According to the “Plastic Additives Industry In-depth Market Research and Investment Strategy Suggestions Report 2023-2027” released by the Industrial Research Center, As the demand for plastic additives in my country continues to grow, the market size has increased from 46.741 billion yuan in 2018 to 55.678 billion yuan in 2022, showing a trend of year-by-year growth. At this stage, the structure of my country’s plastic additives industry is constantly being optimized and upgraded, and it is expected that the scale of my country’s plastic additives market will further expand.

At present, there are many companies in my country’s plastic additives market. Foreign plastic additives companies mainly include BASF, ExxonMobil, Rohm and Haas, Dow Chemical, etc.; domestic plastic additives companies mainly include Riko Chemical, Asia Xing Chemical, Baolilai, Jiujiang Tiansheng, Shandong Xieheng, etc. Competition among plastic additive companies in my country is fierce. Since foreign companies started earlier and have a leading advantage, domestic companies’ production technology still lags far behind foreign countries, and their products lack competitiveness. As my country’s plastic additives companies continue to increase investment in research and development, their technical level continues to improve, and the gap with foreign technical levels is gradually narrowing.

Industry analysts said that fierce market competition has promoted the continuous upgrading of my country’s plastic additive product structure and pushed the industry towards high quality and sustainable development. direction development. As the country’s environmental protection requirements become more and more stringent, my country’s plastic additives industry is facing the most stringent environmental restrictions, pushing the industry to gradually upgrade in a green and environmentally friendly direction. To sum up, my country’s plastic additives industry still has a lot of room for development in the future.