Market Overview and Expansion

China has become the world largest market for modified plastics with a market size reaching 310.7 billion yuan and demand reaching 32.25 million tons in 2024, representing a year-on-year increase of 5.6%. As an important component of the new materials field, modified plastics have become a key direction for the development of national strategic emerging industries. These plastic products, processed and modified through methods such as filling, blending, and reinforcement to improve properties such as flame retardancy, strength, and impact resistance, are increasingly replacing traditional materials in downstream sectors due to their superior cost-effectiveness. With the deepening trend of "replacing steel with plastics" and "replacing wood with plastics," and the booming development of...