The overall demand for modified plastic raw materials in the market is very high. In 2017, it is estimated that the overall market has reached 13.61 million tons, and the consumption amount is also growing rapidly. Since 2004, the CAGR is 14.3%, which is higher than the overall 9.6% of plastic. Modified plastics are widely used in various industries such as automobiles (23.5%) and home appliances (37.0%), as they have product advantages that ordinary plastics do not have. Therefore, from the perspective of application, it can be said that they have broad prospects.

At present, the proportion of modified plastics in China (10%) is far lower than the international level (20%), mainly due to the late start of domestic enterprises and low market share; However, with the lightweight of automobiles and the upgrading of household appliance consumption, it can be said that positive factors will be concentrated in the coming years. Therefore, the high demand for modified plastics can be sustained from the current situation, and the development prospects are very broad.