my country’s high-impact polystyrene (HIPS) is developing well and is expected to attract more companies to expand into the market

Polystyrene is produced by the polymerization of styrene monomer. It is an amorphous thermoplastic resin and is an essential basic chemical raw material for modern industry. It can be divided into high impact polystyrene (HIPS) and general-grade polystyrene. (GPPS) and expanded polystyrene (EPS).

Among them, high-impact polystyrene is a modified material of polystyrene, which is made of styrene and rubber. It has the characteristics of environmental protection, easy processing, strong toughness, excellent dimensional stability, high impact strength, and high rigidity. , is a key environmentally friendly new material in the national strategic emerging industries and is widely used in packaging, household appliances, computers, medicine, automobiles, electronic appliances and other fields.

According to the “2023-2027 High Impact Polystyrene Industry In-depth Market Research and Investment Strategy Suggestions Report” released by the Industrial Research Center It shows that from the supply side, my country’s high-impact polystyrene production capacity and output have continued to increase in recent years, and have achieved positive growth for five consecutive years. my country’s high-impact polystyrene production capacity is relatively concentrated, mainly in East China and South China. Among them, East China has the highest production capacity of high-impact polystyrene, accounting for about 68% of my country’s total high-impact polystyrene production capacity.

From the demand side, my country’s high-impact polystyrene market demand was 1.336 million tons in 2018 and 1.843 million tons in 2022, with a compound annual growth rate of 8%. my country’s demand for high-impact polystyrene is relatively large, and the market is in short supply, leaving a certain gap between supply and demand. Therefore, my country’s high-impact polystyrene import dependence is high. Judging from my country’s high-impact polystyrene imports in 2022, Malaysia, Hong Kong, China, Taiwan, and South Korea are my country’s main import sources, accounting for 32%, 25%, and 15% of my country’s high-impact polystyrene imports respectively. ,10%.

In recent years, my country’s high-impact polystyrene has been developing well due to favorable factors. On the one hand, styrene is one of the main raw materials for the production of high-impact polystyrene. my country is a major producer and consumer of styrene. Styrene production capacity continues to expand. Domestic styrene supply is sufficient, providing a good supply of high-impact polystyrene. production environment. On the other hand, in order to promote the healthy and sustainable development of my country’s polystyrene industry and improve related industrial chains, the government has successively promulgated policies such as the “Classification of Strategic Emerging Industries” and the “Catalogue of Industrial Structural Adjustment (2019 Edition)”.

IndustryAnalysts said that compared with general-grade polystyrene, the production of high-impact polystyrene has technical barriers and profit margins Higher, it can better meet the needs of downstream factories for high-end polystyrene products. At present, there are only a few companies in my country that can produce high-impact polystyrene products. Companies such as Shanghai Secco Petrochemical, Zhenjiang Chimei Chemical, and Xinghui Environmental Protection Materials Co., Ltd. are the main manufacturers of high-impact polystyrene in my country. High-impact polystyrene is my country’s key environmentally friendly new material. In the future, with the continuous support of policies, consumption upgrades, and the deepening of green and environmental protection concepts, my country’s high-impact polystyrene has broad development prospects and is expected to attract more companies. market.