Modified polyethylene raw materials are in sufficient supply and the market size is growing rapidly

Modified polyethylene is based on the performance and other improvements of polyethylene raw materials, such as enhancing the impact, tensile strength, elasticity, etc. of polyethylene materials. Modified polyethylene can be divided into physical modification and chemical cross-linking modification according to different modification methods. The former includes filling modification, flow modifier modification, etc., and the latter includes radiation cross-linking modification and coupling agent cross-linking. Modification etc.

The upstream of the modified polyethylene industry chain is the supply of polyethylene, calcium carbonate, talc, glass fiber and other materials; the midstream is the production of various subdivided products; the downstream is widely used in construction, packaging, automotive industry, electric power and other fields .

From the perspective of upstream raw materials, polyethylene is one of the plastics that attracts the most attention in industrial production and is widely used in packaging, building materials and other fields. In recent years, driven by market demand, the number of polyethylene manufacturers in my country has continued to increase, new production capacity has gradually been put into production, and output has continued to grow. China’s polyethylene production will be approximately 25 million tons in 2022, a year-on-year increase of approximately 9%. Modified polyethylene raw materials are in sufficient supply.

According to the “China Modified Polyethylene Industry Market In-depth Research and Development Prospects Forecast Report 2023-2028” released by the Industrial Research Center , single polyethylene has shortcomings such as low hardness, insufficient heat aging resistance, and poor impact resistance. Modified polyethylene can improve certain properties of polyethylene or give it new properties, thus broadening product application fields. With the continuous development of my country’s economy, the scale of automobile, packaging and other industries continues to expand. In recent years, the scale of the domestic modified polyethylene market has shown rapid growth, and the industry has made good progress. In 2017, my country’s modified polyethylene market size was approximately 40 billion yuan. In 2022, the market size will exceed 130 billion yuan, with a compound annual growth rate of approximately 27% from 2017 to 2022.

After a period of development in my country’s modified polyethylene industry, the number of production companies has continued to increase, the production scale has continued to expand, and the output has maintained a year-by-year growth trend, increasing from about 2 million tons in 2017 to about 4.9 million tons in 2022. Affected by rising fuel prices and other factors, the production cost of modified polyethylene has increased, and the average market price has increased, from about 23 yuan/kg in 2020 to about 30 yuan/kg.

Industry analysts said that currently the main domestic modified polyethylene manufacturers include Kingfa Technology Co., Ltd. and Shanghai Wanma Polymer Materials Research Ltd. et al. As my country’s economic development level continues to improve, the transformation and upgrading of traditional industries accelerates, the scale of high-end manufacturing continues to expand, the application scope of modified polyethylene will continue to expand, and the market’s requirements for its quality, performance, etc. will continue to increase. Domestic production enterprises need Continuously improve production technology to meet the increasing diversified and personalized needs of the market. In the context of the continuous advancement of environmental protection policies and the continuous improvement of social environmental awareness, the modified polyethylene industry needs to actively develop new technologies and new products to reduce environmental pollution and develop in a green and sustainable direction.