The overall demand for modified plastics raw materials market is very large. In 2017, the overall market has reached 13.61 million tons, and the consumption is also growing rapidly. From 2004 to the present, the CAGR is 14.3%, which is higher than the overall 9.6% of plastics. Modified plastics are widely used in many industries such as automobiles (23.5%) and home appliances (37.0%). Because it has the advantage of products that ordinary plastics do not have, it can be said that the application is broad.

At present, the proportion of domestic modified plastics (10%) is far lower than the international level (20%). The main cause is that domestic enterprises start late and have a low market share. However, with the light weight of automobiles and the upgrading of household appliances consumption, it can be said that The favorable factors will be concentrated in the next few years, so the high growth of demand for modified plastics can be sustained from the current situation, and the development prospects are very broad.