Benefiting from the development of the takeout industry, the market demand for thin-walled injection molded polypropylene continues to rise

There is no unified standard for the definition of thin-walled injection molded products in China, but they usually refer to injection molded products with a wall thickness less than 1mm and a surface area greater than 50cm, or injection molded products with an aspect ratio greater than 100 (or 150). Thin-walled injection molded polypropylene has the advantages of short processing cycle, cost saving, light weight, etc., and has high application demand in the domestic disposable tableware field. Especially during the epidemic, industries such as takeout and fresh food developed rapidly, and the market demand for thin-walled injection molded polypropylene continued to rise.

Due to the rapid development of the takeout industry in recent years, the output and demand of thin-walled injection molded polypropylene have continued to rise, reaching 850,000 tons and 960,000 tons respectively in 2019. It is expected that output and consumption will reach 1.25 million tons and 1.3 million tons in 2024 Ton. It can be seen from this that there is a long-term gap in my country’s thin-wall injection molded polypropylene market, and the industry has good development prospects.

According to the “Thin-wall Injection Molding Polypropylene Industry Market In-depth Research and Investment Prospects Forecast Analysis Report 2021-2026” released by the Industrial Research Center It shows that the current domestic thin-wall injection molded polypropylene market is mainly concentrated in South China, accounting for about 42%, followed by East China and North China, accounting for 30% and 25% respectively. There are many brands of thin-wall injection molded polypropylene in China, and the main manufacturers include Langang Petrochemical, Levima New Materials, Maoming Petrochemical, Formosa Plastics Ningbo, Zhenhai Refining and Chemical, Haitian Petrochemical and other enterprises.

In recent years, various domestic manufacturers have developed new thin-walled injection molded polypropylene products using gas phase polymerization and bulk gas phase polymerization. Currently, relatively mature products in the domestic market include Langang Petrochemical’s H9018, Zhenhai Refining and Chemical’s M60T, Maoming Petrochemical’s PPR-M55-S, Levima New Materials’ PPH-M600N, Guangzhou Petrochemical’s S980 and other products. In addition, imported products include Samsung’s HI828, ExxonMobil’s 7555KNE2, South Korea’s Daelim HP740T, etc.

After years of development, Levima Xinco has occupied an important position in the field of thin-wall injection molded polypropylene, ranking first in the market with a market share of 25% in 2019. In 2019, Levima Xinco’s production and sales of thin-walled injection molded polypropylene were 235,000 tons and 240,000 tons respectively, with a high capacity utilization rate. Benefiting from the strong downstream demand, the company’s revenue has shown an overall growth trend, reaching 5.931 billion yuan in 2020, a year-on-year increase of 4.53%.

Industry analysts said that thin-walled injection molded polypropylene has good heat resistance, good warpage resistance, good toughness and transparency It has good performance and can meet the needs of food packaging, especially in disposable fast food boxes. Benefiting from the rapid development of the takeaway industry in recent years, the market demand for thin-walled injection molded polypropylene continues to rise, and the industry has good development prospects. With decades of research, China has now achieved independent process production of thin-walled injection molded polypropylene, completing import substitution. Currently, there are many product brands in the domestic thin-wall injection molded polypropylene market and competition is fierce. Levima Xinke has a competitive advantage and a relatively high market share.