The development of opportunities of Automotive modified plastics is coming

At present, the role and status of modified plastics in the automobile industry is more and more obvious. Everbright Securities believes that the car lightweight plastic car with the demand for modified car usher in the development of modified plastics usher in opportunities for development.

Modified plastics and composites have lower density and higher specific strength than metallic materials. Modified plastics are mainly applied to the interior and exterior decoration of automobiles in the early stage. With the application of fiber-reinforced plastics, they have been applied to automobile structural parts nowadays. In particular, the development of carbon fiber composite materials technology has led to the development of light-weight and light- Quantifying the total solution becomes possible.

In 2016, the demand for modified home appliances in China was 4.4 million tons and the demand for automobile modified plastics was 2.8 million tons. However, the growth rate in home appliance industry has dropped below 5%. As the automobile industry has become a leader in light industry, The fastest growing areas of demand for sexual plastics, it is predicted that the next few years the domestic demand for automotive modified plastics average annual growth rate will be above 15%.

Currently the highest use of modified plastic is the German Department of Bicycle, the use of modified plastics reached 22% of 300-360 kg, the average European and American countries also reached 16% of 210-260 kg, China’s passenger Only 8% of the modified plastic for bicycles is 100-130 kg.

In 2016, the global market for automotive modified plastics will be 221.9 billion yuan. By 2018, it is conservatively estimated that the global market in this area may exceed 300 billion yuan.

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