Modified plastics refer to plastic products that are processed through methods such as filling, blending, and reinforcement on the basis of general-purpose and engineering plastics, enhancing properties like flame retardancy, strength, impact resistance, and toughness. Modified plastics are now widely used in household appliances, automotive, communications, healthcare, electronics, electrical engineering, rail transportation, precision instruments, building materials, security, aerospace, defense, and other fields.

Current Status of the Modified Plastics Industry

From 2010 to 2021, China's modified plastics industry experienced rapid growth, increasing from 7.8 million tons in 2010 to 22.5 million tons in 2021, with a compound annual growth rate (CAGR) of 12.5%. As the application fields of modified plastics continue to expand, there remains significant potential for future development in China.

Currently, the main demand markets for modified plastics are distributed in the United States, Germany, Japan, and South Korea. Developed countries such as the U.S., Germany, and Japan possess relatively advanced modified plastics technology and adopted these materials earlier, leading to substantially higher demand in these regions. In recent years, with advancements in technology and broader application in China, the market size for modified plastics in China has also been continuously increasing.

In 2021, the global demand for the modified plastics industry changed significantly, reaching approximately 110 million tons. After the end of the COVID-19 pandemic, with the recovery of production and consumption, the market demand for modified plastics is expected to increase substantially. The future global demand growth rate for the modified plastics industry is projected to be around 3%, and it is anticipated that by 2026, the global demand will reach 130 million tons.

After China's reform and opening-up, the application of plastic modification technology gradually emerged. However, due to a later start, the domestic plastic modification and processing industry faced issues such as weak technology and small scale, with high-end product varieties primarily relying on imports. Data shows that in 2019, the output of modified plastics by China's industrial enterprises above the designated size reached 19.55 million tons. It is projected that by 2022, this output will exceed 22.81 million tons.

Application of Jingti New Materials' Flame Retardants in the Modified Plastics Industry

Specific industries involved include: various thermoplastic and thermoset plastics (PBT+GF, PA, PP, PC/ABS, PE/EVA, PS/ABS, PVC, etc.), epoxy resins, polyurethanes, elastomers (TPU, TPE), wires and cables, artificial leather (PU, PVC), adhesives, fiberglass materials, polyester fiber, textiles, coatings (inks, paints), paper, wood, and various decorative materials requiring fireproofing treatment. Leveraging strong R&D capabilities, the company has developed a variety of unique environmentally friendly flame retardants, effectively addressing key issues encountered during the flame retardant modification of most materials, such as dispersibility, thermal stability, light resistance, migration resistance, water solubility, physical mechanical properties, and surface smoothness.

The company is a long-term supplier to Fortune Global 500 petrochemical enterprises and is also an important supplier of flame retardant raw materials for modified plastics to well-known domestic home appliance manufacturers such as Midea and Gree.