The Consumption Structure Of Polypropylene Is Extending To High-End Individuation

In 2020, due to the impact of the epidemic situation, the demand for the raw material polypropylene fiber material will rise sharply. At the same time, the opening of the import window in the second quarter makes the import volume reach a record high. In the second half of the year, the import orders of BOPP packaging, household appliances and other industries have increased significantly year-on-year, which will bring effective growth to the demand side of polypropylene. Therefore, the apparent consumption of polypropylene in China will be increased in 2020 The volume increased rapidly to 31.4727 million tons, a year-on-year increase of 15.63%, and the growth rate of demand exceeded the previous high.

The consumption structure of polypropylene is extending to high-end individuation

In the downstream demand field of domestic polypropylene, in addition to the traditional plastic knitting and BOPP film field gradually extended to the high-end field, the emerging fiber and transparent fields are also developing at a high speed, and the process of demand diversification is accelerating. The overall demand for polypropylene shows a good momentum of steady growth and differentiated development.

In recent years, the adjustment of domestic downstream consumption structure has accelerated, and the proportion of domestic polypropylene consumption structure has gradually changed. In 2020, injection molding (homopolymer injection molding and copolymerization injection molding), drawing and fiber ranked in the top three consumption structures of China's polypropylene. In recent years, the domestic injection plastic consumption has increased rapidly, and the consumption proportion has ranked the first, close to the international level. Specifically, the downstream industries are subdivided. The injection molding field is mainly home appliances, automobile special materials, household appliances, toys, stationery, medical equipment, etc.; the drawing field is mainly the industrial and agricultural woven packaging bags; the fiber field is mainly the non-woven fabric, fishery and rope industry. According to the data of 2020, the consumption of injection plastics (homopolymer injection molding and copolymerization injection molding) ranked first, about 40.22%, increased by 0.04 percentage points compared with last year; drawing consumption ranked second, about 27.74%, decreased by 2.64 percentage points compared with last year; fiber consumption ranked third, about 15.43%, significantly increased, increased by 5.79 percentage points compared with 2019.

Source: Longzhong information

The proportion of traditional PP consumption areas, such as wire drawing and BOPP, showed an obvious downward trend. In 2020, the proportion of consumption decreased by 2.64% and 1.82% respectively compared with last year. The consumption proportion of wire drawing shows a small reduction trend, mainly due to the fact that most of the wire drawing products are labor-intensive products, and the added value is limited, which limits its development prospects. In addition, due to the decline of cement bagging rate, the replacement of synthetic resin repackaging, environmental protection supervision and other factors, the growth rate of plastic woven bag demand slows down or even shrinks; while the growth rate of clothing, electronic appliances and other fields related to BOPP is growing It also slowed down. The consumption of polypropylene products in these two areas is slowing down, with few bright spots, and the proportion of polypropylene products in the structure is declining continuously.

In terms of fiber, due to the impact of special public health events in 2020, the demand for fiber products, especially high melting fiber, which is a raw material involved in medical protection materials and other fields, will show a blowout growth. The proportion of fiber consumption will increase from 9.64% in 2019 to 15.43% in 2020. With the cooling of health events, the growth rate of fiber consumption slows down, but in the future, the two child policy, population aging and other fields are still optimistic about fiber consumption.

In 2020, the consumption of homopolymer injection molding, copolymerization injection molding and pipe materials will grow well with a steady increase in the proportion of structure in 2019 with the continuous expansion of terminal application field and the upgrading demand of consumption quality and consumption concept. For example, there are many fields of CO injection molding, such as home appliances, automobiles, aerospace, medical transparent products, modified plastics and other fields. Under the stimulation of technological innovation and policy guidance, such as automobile lightweight and replacing steel with plastic, there is room for further growth in future development; in addition, there is room for further growth in small household appliances and electronic and electrical equipment, kitchen appliances, children's indoor and outdoor toy equipment, medical equipment and innovative use Product demand continues to improve, the future will continue to lead and further expand the demand for polypropylene injection molding.

In general, the consumption structure of polypropylene is extending from the traditional plastic knitting and BOPP film field to a more extensive, high-end and personalized terminal field. In the past two years, injection molding consumption has become the main field of polypropylene consumption, and the domestic consumption structure is also gradually optimized to keep up with the international level.