The problem of excess capacity of plastic fertilizer in China needs to be solved urgently
The problem of excess capacity of plastic fertilizer in China needs to be solved urgently
Plastic additives industry have higher customer viscosity, have longer certification process, industry barriers are relatively high, the future once the cost problem solving or environmental pressures, alternative acceleration will cause outbreaks of demand. Our country is the world's largest plastic additives production and consumer, but the product structure differences between China and the European and American countries is large, product is relatively backward, the future development direction of mainly concentrated in the product structure adjustment and upgrading of products.
PVC plastic auxiliaries are the largest and most used plastic additives. Due to the PVC resin compared with other resin need more and more easily with the help of additives to improve or increase performance, at the same time, the PVC plastic is cheap, practical, the most widely used in all sorts of plastic and dosage the biggest, so the plastic additives mainly PVC plastic additives, consumption accounts for about 90% to the plastic additives. The growth rate of PVC plastic products in China is expected to maintain the overall growth rate of plastic additives at 8-10%.
Cost-effective ACM replaces low-quality CPE, MBS realizes import substitution. In 2013, the global production and consumption of anti-impact modifiers and processing AIDS were nearly 900,000 tons, of which China's consumption accounted for more than 30%. According to the modification effect of plastic products, ACM is the optimal low-temperature toughness and the most cost-effective product. ACR is the best comprehensive performance of the anti-impact modifier, while MBS is the anti-impact modifier that the transparent products must be added. 1 domestic ACR products accounted for only 10%, low end of the CPE (60%), and impact modifier ACR in the product structure abroad accounted for 60%, and the future with the increase of demand for high performance PVC additives in our country, the proportion of the consumption in China will gradually to the trend of consumption rate in the developed countries; 2. The technology of some domestic corporate MBS products has been improved, the product quality has been improved, and the import substitution market has been opened.
The environmental protection requirements are stricter, and the development opportunities of the flame retardants of organophosphorus are welcomed. The global market for flame retardants is expected to be 262 million tons by 2018, with annual growth of around 5%. Flame retardant at home and abroad, a total capacity of up to 500000 tons, we according to the production of plastic products 10% growth rates, in 2016 China plastics flame retardants consumption will reach 360000 tons, and flame retardants in China, for example, more than 500000 tons of capacity, basically meet the demand of flame retardants for future growth. In recent years, organophosphorus flame retardant has been used to replace the organic halogen flame retardant with the advantage of its environmental safety. At present, the main problem of organic phosphorus replacement of organic bromine flame retardants is that the cost of flame retardant is higher than that of bromine flame retardant.
The development direction of plasticizer is environmental protection: safe, green and special. Plasticizer is the largest plastic processing additives production and consumption in the varieties, its production accounted for about 60% of the total output of 2.9 million tons of plastic auxiliary agent, the current domestic production capacity of 4 million tons, the relative surplus, traditional DOP plasticizer market difficult over the next two years. Due to the lack of the other raw materials such as isonanol and decanol, the production and marketing structure of the plasticizer of phthalic acid in China and the United States is very different. Compared with foreign, domestic plastic additives in the field of food, medical and other serious lag testing standards, and liquor "plasticizer" tainted by everyone still fresh, under the standard reversed transmission at home and abroad, the future plasticizer to security, green, and the direction of professional development, environmental protection products include high carbon alcohol ester, citric acid ester, epoxy, polyester, biodegradation.
In plastic additives, plasticizer and impact modifier for all reflect the phenomenon of that overcapacity, but mainly domestic product structure is unreasonable, the low quality products surplus seriously, high-end products include environmental protection plasticizer, flame retardant and ACM, MBS, etc, and the market demand is still not matching. Therefore, for the industry and enterprises, we believe that the development trend of future auxiliaries is a new, efficient and environmental plastic auxiliary substitute for the traditional high pollution and low quality AIDS. 2. The technology of ACM and MBS anti-impact modifier has been improved, and the quality of products has been improved to replace low-quality CPE and imported products. 3. The company has been transformed from a single type of auxiliary agent to the auxiliary agent, providing integrated services for the downstream plastic production enterprises.
Investment advice: in 2014, China has reached 4.5 million tons of plastic additives consumption, although there are affected by the economic slowdown, but plastic products widely used, especially by adding additives improve product performance, can achieve "plastic steel", "to the plastic and wood", we expect the future demand for plastic additives can still maintain the rate of 8-10% growth.
