Five major opportunities and three major challenges in the plastic products industry

At present, precision injection molds and precision injection parts have penetrated into many fields such as automobiles, home appliances, and electronics. Especially in the field of automobile parts, as "plastic steel" becomes the development trend of automobile manufacturing, precision injection molds and precision injection parts are developing the fastest. , the most widely used and huge market demand has also driven the development and update of precision injection molds and precision injection parts. In recent years, ultra-precision, miniaturization, new materials and complete sets of components have become the key development directions for precision injection molds and precision injection parts.
01Opportunities facing the industry

(1) my country's industrial policy support

The excellent properties of plastic products are widely used in real estate, automobiles, household appliances, consumption, packaging, consumer electronics, medical equipment and other fields. They are increasingly playing an increasingly important role in promoting the construction of the national economy and improving the material and cultural life of the people. In recent years, the Chinese government has formulated a series of industrial policies to support and promote the development of the plastic products industry in the direction of high performance, high quality, and environmental protection.

In January 2017, the National Development and Reform Commission released the "Guidance Catalog of Key Products and Services for Strategic Emerging Industries (2016 Edition)", emphasizing the development of key basic components of intelligent equipment, including high-speed precision gear transmission devices. In June 2016, my country Mold Industry Association released the "Outline of Development Guidelines for the Mold Industry during the 13th Five-Year Plan". The self-matching rate of domestic molds in the domestic market reached more than 90%, meeting the needs of user industry development for mold products and reaching the mid-to-high level. Molds (60% of the total molds), the development of emerging industries is imminent, and the proportion of mid-to-high-end molds has increased to more than 50%. In April 2016, the China Plastics Processing Industry Association issued the "Guiding Opinions on the "13th Five-Year Plan" Development Plan for the Plastics Processing Industry, allowing the plastics processing industry to seize the development opportunities during the "13th Five-Year Plan" period and focus on "functionalization and lightweighting". , ecological, micro-molding" technical direction to create raw materials, advanced molding technology and technology

From the analysis of relevant policies, my country emphasizes the need to strengthen the development of high-speed precision gear transmission devices, advocates the development of plastic products in the direction of lightweight and miniaturization, and strongly encourages the development of the mold industry.

(2) The downstream market space is vast

In recent years, domestic demand for plastic products has grown steadily, benefiting from the growth of the automotive, household appliances, consumer, packaging, consumer electronics, medical equipment and other industries. With further breakthroughs in materials research, the application fields of plastic parts continue to expand to aerospace, new energy, advanced manufacturing and new processing technology. Integrating with emerging industries such as smart homes and the Internet of Things, the plastic products industry has broad market development space.

(3) Continue to advance with plastic steel

Plastic steel has become a major trend in "lightweight automobiles, thinning and fashionable home appliances". For example, in the automotive field, plastic steel is one of the ways to develop lightweight automobiles. Compared with traditional metal materials such as steel, plastics have the advantages of low price, light weight, easy processing, corrosion resistance, self-lubricating, etc. With the development and use of various new modified plastic materials, plastics are approaching in terms of strength and other related properties. Steel and other traditional metal materials. Modified plastics are increasingly used and accounted for in the household appliances and automobile industries, and have become the second type of material after steel.

(4) Opportunities for upgrading domestic manufacturing industry

The Chinese government has begun to vigorously promote the transformation and upgrading of the economic structure, transforming the Chinese economy into a higher-quality growth path. Our country has achieved an important position in the world industrial chain. The development of domestic manufacturing has driven the development of auxiliary industries, including the plastic products industry. The development of auxiliary industries has also promoted the improvement of the overall level of domestic manufacturing. With the transformation and upgrading of the domestic economic structure , the traditional manufacturing industry needs to develop in the direction of higher quality, which promotes the increasing demand for products with high technical content and high added value, and provides new development opportunities for the domestic plastics industry.

(5) National income continues to grow

Over the past ten years, our country has been one of the fastest growing economic regions in the world and has maintained a high growth rate for a long time. With the growth of my country's economy and the improvement of national income, the consumption power of urban and rural residents has also continued to increase. According to the National Bureau of Statistics, my country's per capita gross national income (GNI) will rise to US$12,400 in 2021. According to the World Bank's 2020 standards, when per capita gross national income (GNI) reaches US$12,696, it will be among the high-income countries Among countries, the median per capita disposable income of rural residents in middle-income countries was 16,902 yuan, an increase of 11.2%. The continued increase in national income levels has provided sufficient growth momentum for the downstream market of the plastic products industry, driving the continued growth of downstream market demand. As an important part of the national economy, the plastic products industry benefits from the sustained and steady growth of national income and has huge development potential.