China plays an important role in the growth of glo

2022-08-23
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China plays an important role in the growth of global plastic market demand

recently, Luo Baihui, Secretary General of the International Association of mold, hardware and plastic industry suppliers, said that plastics are playing an increasing role in various industrial fields, and Asia will become the fastest growing region of plastic demand in the world. Since 2007, plastic consumption in Asia has exceeded the sum of Europe and North America. GIA predicts that due to the increasing demand for environment-friendly products such as hybrid electric vehicles, electric vehicles and energy-saving products, the demand for reinforced plastics will reach 73 million tons by 2015

the average growth rate of the global plastic market is 5%

a few days ago, Luo Baihui, Secretary General of the International Association of mold, hardware and plastic industry suppliers, said that plastics are playing an increasingly important role in various industrial fields, and Asia will become the fastest growing region of plastic demand in the world. Xinda group was founded in 1985, and since 2007, plastic consumption in Asia has exceeded the sum of Europe and North America. The global plastic market will continue to grow at an average annual rate of 5% before 2015, because urbanization and globalization have become the general trend. At the same time, energy demand and climate protection measures also promote the continuous growth of the demand for plastic products

BASF gb/t19472.2 (2) 004 "polyethylene (PE) structural wall piping systems for underground use Part 2: Polyethylene double wall corrugated pipe" is planning to further expand its investment in the plastic industry. It is reported that BASF will focus on investing in the establishment of new plants and R & D facilities in Asia in the future. In order to meet the growing demand for special plastics, BASF will also expand the production capacity of biodegradable plastics and build a new polyurethane plant in Shanghai. Plastic can not only be used for building insulation, but also widely used in manufacturing, because it is more energy-saving than other materials. For example, replacing steel with plastic in the manufacture of auto parts can reduce the self weight of the car, thus helping to reduce fossil fuel consumption. In Western Europe, the proportion of plastics in automobile manufacturing has increased from 6% in 1970 to about 15% now. It is expected that this proportion may rise to more than 25% by 2020. At present, the consumption of plastics in the automotive industry in China is only about half of that in Europe, and the consumption of high-end engineering plastics is lower

the global plastic bottle cap Market has an annual growth rate of 4.6%

recently, according to a report released by the fridonia group, the global demand for bottle caps and sealing products is expected to increase by 4.6% annually to $40billion by 2014

it is understood that the growth rate of plastic cover and sealing products, as the largest product category, will continue to be higher than the average level

the favorable factors that promote the continuous development of this market include globalization, urbanization and the trend of changing the product portfolio to higher value sealed products, such as child safety covers, anti theft lifting covers and dispensing covers

it is reported that the United States is still the market with the largest demand, and the markets with the fastest growth in demand are Asia and Africa, the Middle East, central and South America, and Eastern Europe

the global engineering plastics market has increased steadily

supported by the recovery in demand for automobiles and electronic and electrical products, the global engineering plastics demand will reach 20million tons in 2015

according to Luo Baihui, Secretary General of the International Association of mold, hardware and plastic industry suppliers, Europe and the Asia Pacific region are still the global engineering plastics demand, which still accounts for a large share of the market. At the same time, the global engineering plastics production base has gradually shifted to some low-cost Asian regions. Luo Zaihui believes that with the prosperity and development of the automotive industry in emerging regions such as China and India, these regions will become medium - and long-term customers for this growth

the growth of polycarbonate (PC) will stimulate the expansion, in addition to increasing the combination of PC and other plastic alloys, and the application of automotive, construction and medical products

driven by the demand for automotive, medical and construction products, it is expected that the fastest growing demand for engineering plastics is PC resin. Another thing worth mentioning is that super engineering plastics have high heat resistance and are widely used in electrical components of hybrid electric vehicles and electric vehicles, and the demand will grow strongly

lightweight composite nylon resin has become the best choice in automobile production, especially in the application of engine cover. Nylon 6 and nylon 66 materials really reduce the cost for manufacturers, realize the purpose of automobile lightweight, and are also very flexible in design. According to the prediction of the American Chemical Market Association (CMAI), it is estimated that by 2015, the annual average growth rate of global nylon 6 demand will be close to 5%

gia predicts that due to the increasing demand for environment-friendly products such as hybrid electric vehicles, electric vehicles and energy-saving products, the demand for reinforced plastics will reach 73 million tons by 2015

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