Development of modified plastics industry in China started in the 1990s. Before 1990s, China’s modified plastics were almost imported. During 2000-2009, China’s output of modified plastics showed an AAGR of 33%, but in 2010-2012 it was down to 16.7%. China’s output of modified plastics was estimated at 7.3 million tons or so in 2013, up only 10.6% YoY.
Home appliance and automobile are the major consumers of modified plastics in China. In 2013, the modified plastics used for home appliance and for automobile accounted for 38.2% and 30.9% respectively of total consumption in China. the slowdown in the growth rate of China’s modified plastics output over recent three years is mainly as a result of the shrunk demand from Chinese home appliance industry.