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Nowadays, the application of plastics has been developing horizontally. Plastics are playing an increasingly important role in various industrial fields. Before 2015, the global plastics market will continue to grow at an average annual rate of 5%. Because urbanization and globalization have become the trend of the times, energy demand and climate protection measures have also promoted the growing demand for plastic products.
Plastic products replace metal products is the development trend In 2009, global polymer consumption reached 176 million tons, of which polyethylene accounted for 38% of total consumption, close to 67 million tons, and the demand in 2014 will exceed 87 million tons; 2009 Annual high-density polyethylene (HDPE) demand accounts for about 17% of the global polymer, about 30 million tons. In addition, the demand for linear low density polyethylene (LLDPE) and low density polyethylene (LDPE) accounts for about 11% and 10%, respectively. LLDPE and HDPE demand growth is extremely strong due to the increased use of packaging and plastic non-durable goods.
According to Stephen Newlin, president of PolyOne, the polyolefin market grew strongly in the first half of 2010, and the growth rate reached double-digit levels. Looking ahead, the situation is also optimistic. Because the current market is moving towards green and sustainable materials, the replacement of metal products by plastic products is the trend of the times.
A new starting point for the development of automotive manufacturing into the plastics market At present, in Western Europe, the proportion of plastics in automobile manufacturing has increased from 6% in 1970 to about 15% today. It is expected that by 2020, the ratio may rise to over 25%. . In China, the use of plastics in the automotive industry is only about half that in Europe, and the use of engineering plastics is even lower. However, the automobile industry in developing countries, especially China, continues to grow in the good situation of economic recovery. In 2009, China replaced Japan as the world's largest automobile manufacturing country. In 2010, it replaced the United States as the world's largest automobile market.
The current demand for automobiles is recovering, and the outlook is more optimistic in the long run. In 2010, North American car sales are expected to be 11.5 million units, while the United States scraps about 12 million cars a year, so there is still potential in mature markets. The plastics industry will continue to benefit from this market as a result of the car's move towards lighter and more energy efficient. At present, more than 14% of global greenhouse gases come from automobile emissions, and lightweight composite materials can reduce vehicle weight by 30%, thereby significantly reducing fuel consumption and reducing greenhouse gas emissions.
Plasticizing steel in the manufacture of auto parts can reduce the weight of the car and help reduce fossil fuel consumption. At present, the plastic content of Chinese-made cars is only half that of Western Europe, which provides a huge business opportunity for plastics manufacturers. The rise of Asia will be a new impetus for the plastics market. Asia will become a fast growing region for plastics demand in the world. Since 2007, plastic consumption in Asia has exceeded the sum of Europe and North America. “The international plastics industry is growing at a rapid rate, while China, Northeast Asia and the Middle East are experiencing strong growth in global polyolefin demand,†said Sanjay Shama, India’s marketing manager for the Dubai branch of CMAI.
In the foreseeable future, the Asian region will become a fast-growing region for global plastics. The region has consumed more than the combined total of Europe and North America since 2007.
Stimulated by strong demand from emerging economies such as China, India, Latin America and Central Europe, the global polymer market is expected to grow rapidly in the next five years, with plastic resin suppliers, plastic machinery manufacturers and plastics processors all over the world. So I am encouraged.
Global Chemicals BASF will also focus on investing in new plants and R&D facilities in Asia. In order to meet the growing demand for specialty plastics, BASF will also expand the production capacity of biodegradable plastics and build new polyurethane plants in Shanghai.
As a big Asian country, China's plastic products industry has achieved leap-forward development and become a major producer, consumer and exporter of plastic products in the world. The total assets of the industry in the five years reached 840 billion. The number of enterprises above the scale has exceeded 20,000. The growth rate of output value increased by 2.8 times, the output increased by 2.65 times, and the average annual growth rate was 20.54. The accumulated profit of five years ago increased by 25% annually. The cumulative export was 840 million US dollars, with an average annual growth rate of 21.9%.
The global plastics market is growing steadily and promising. The global PE demand will grow at an average annual rate of about 5% during 2010-2015. By 2015, global PE demand will reach about 90 million tons/year; while PP demand will be averaged annually. About 6% of the rapid growth rate, by 2015 global PP demand will reach about 63 million tons / year. From a global perspective, the Asian region will be a region where PE and PP demand growth is fast, as the region continues to advance industrialization. At the same time, polyolefin capacity in the Middle East and Asia will continue to expand. China's PE and PP new capacity is being driven by healthy growth in demand in the automotive market, while new capacity in the Middle East is mainly driven by the advantages of low-cost raw materials. By 2016, the Middle East and China will account for 33%-34% of global PE capacity.
Supported by the recovery in demand for automobiles and electrical and electronic products, the global demand for engineering plastics will reach 20 million tons in 2015.
According to a new research report released by GIA, a global industry analysis organization, Europe and the Asia-Pacific region still have a large share of global engineering plastics demand. At the same time, the global engineering plastics production base has gradually turned to some low-cost Asian regions. The report pointed out that with the prosperity of the automotive industry in these emerging regions of China and India, these regions will become the medium and long-term "customers" of this growth.
The growth of polycarbonate (PC) will stimulate the expansion, in addition to increasing the use of PCs in combination with other plastic alloys, automotive, construction, and medical products. Due to the demand for automotive, medical and construction products, engineering plastics that are expected to grow rapidly are PC resins. Super engineering plastics have high heat resistance and are widely used in electrical components of hybrid and electric vehicles, and demand will grow strongly. Engineering plastics will be used in the automotive industry to really help the automotive industry reduce its carbon footprint. Therefore, lightweight composite nylon resin has become the best choice in automotive production, especially in the hood.
As the demand for environmentally friendly products such as hybrid vehicles, electric vehicles and economy-saving products grows, the demand for reinforced plastics will reach 73 million tons by 2015. Europe, Asia Pacific and the Americas have become the main market sources of reinforced plastics worldwide, with automotive and architects strengthening the main markets for plastics.
Conclusion: In 2011, our view on the industry was peaceful and optimistic. Although there are some factors that are not conducive to the development of the industry and promote the development of the industry, the prospects for the plastics market are still very good. With the wide application of plastics and the horizontal direction of its intervention, the future plastics industry will maintain the stable development trend, and will drive the economic development of industries including workers, farmers and automobile manufacturing, and become a new economic growth hotspot.
The global plastics market is running fast
Plastics are not only used for building insulation, but are also widely used in manufacturing because they are more energy efficient than other materials. For example, in the manufacture of auto parts, plastics can reduce the weight of the car and help reduce the consumption of fossil fuels.