The development of China's high-performance modified plastics industry in the subdivision of application fields and the development of the industry
As a synthetic polymer material, plastic products have the characteristics of light weight, high strength, insulation, light transmission, wear resistance, etc., and are widely used in various production activities of human society. However, the plastic itself has problems such as poor heat resistance, large coefficient of thermal expansion, flammability, brittleness at low temperature, easy aging, etc., for automobiles, rail transit, electronic appliances, medical health and other industries with high requirements for material performance, the vast majority of plastic products are difficult to be directly used in the processing and manufacturing of downstream products, and must be modified by plastics to meet the requirements of different parameters. With the continuous expansion of application fields, modified plastics technology has developed rapidly.
Although China's plastic modification rate has achieved a substantial increase, there is still a lot of room for improvement compared with developed countries, and the global plastic modification rate has approached 50%. According to the China Synthetic Resin Association**, the domestic plastic modification rate is expected to reach 30% in 2024, and the modified plastics market space is huge.
, analysis of the demand for high-performance modified plastics for head safety protection in the field of sports and transportation
In recent years, under the background of the promotion of the "one helmet and one belt" action and the rapid increase in the participation of national outdoor sports, the scale of China's helmet market has grown rapidly. In the future, under the background of the implementation of the new national standard for helmets, the market scale is expected to continue to increase. It is estimated that the market size of China's helmet industry will reach 64 in 2024About 300 million yuan.
The market size and growth rate of China's helmet industry
1) The participation rate of outdoor sports continues to increase, and the market for high-performance head safety protection materials is broad.
In recent years, with the improvement of people's health awareness, the participation rate of outdoor sports has been increasing, which has promoted the rapid expansion of the outdoor sports goods market. The global outdoor sports goods market revenue continues to grow and is expected to grow further by 2025. Although China's outdoor sports market started late, it is growing rapidly and still has great potential in the future. With the increase of middle-income groups, the improvement of quality of life requirements and the cultivation of outdoor sports culture, the domestic outdoor sports goods market is expected to maintain a good development trend. This development will also have a significant effect on the head safety protection materials market.
2) The "one helmet and one belt" safety action continues to advance, and the demand for head safety protection in the transportation field such as motorcycles and two-wheeled electric vehicles is increasing.
The "One Helmet One Belt" safety guardian action has played a positive role in promoting the release of the market demand for safety helmets. By making it mandatory for motorcycle and e-bike riders to wear safety helmets, this safety initiative has helped to develop safety habits and increased the market demand for helmets. The notice of the Traffic Management Bureau of the Ministry of Public Security and the relevant policies issued by various places are promoting the sustainable development of the helmet market, making helmets a must-have safety equipment. With the implementation of the "One Helmet One Belt" safety initiative, it is expected that the demand for the helmet market will continue to grow and bring more business opportunities and development space to the head safety protection materials market.
According to the statistics of the Ministry of Public Security, as of the end of 2023, the number of motorcycles in China will be about 90 million, an increase of about 11 from 80.72 million at the end of 20225%, it is expected that the scale of China's motorcycle market will maintain steady growth in the future, and the demand for safety helmets will remain stable at the same time. In recent years, two-wheeled electric vehicles have become the preferred way for more and more people to travel short and medium-distance, according to the data of the China Bicycle Association, the electric vehicle industry as a whole has shown a strong momentum, with a total sales of 75 million units, including about 56 million electric two-wheelers, and the number of social ownership has exceeded 400 million. With the rapid development of emerging application scenarios such as shared bicycles and takeaways, the demand for two-wheeled electric vehicles in China has shown a rapid growth momentum, driving the steady growth of demand for helmet products.
At the end of 2022, the Ministry of Public Security and the Ministry of Industry and Information Technology jointly organized and issued the mandatory national standard "Motorcycle and Electric Bicycle Occupant Helmet" (GB811-2022), which will be implemented on July 1, 2023. This new national standard includes the helmet of electric bicycle occupants into the scope of the standard, and clearly stipulates the structure, stability of the fixture, the strength of the wearing device, the performance of absorbing collision energy, and the penetration resistance of the product, so as to improve the safety factor of the helmet.
In addition, the 2023 CCTV 3.15 party conducted a risk test on electric bicycle helmets, and a number of inferior helmet products whose quality did not meet the new national standard standards were selected. This has attracted great attention from the industry and consumers, and will also promote the gradual strengthening of industry supervision to ensure that the helmet products sold on the market meet the relevant safety standards and protect the safety needs of consumers. These initiatives help to improve the quality of helmet products and ensure the safety of riders on motorcycles and e-bikes.
Professional helmets for motorcycles and two-wheeled electric vehicles are generally composed of shells, buffers, linings, jaw guards, straps, goggles, etc. The factors affecting the safety protection ability of head safety protective equipment mainly include the protection area of head safety protective equipment, the stability of head safety protective equipment, the bearing capacity of the strap system, and the protection ability against impact and puncture. The shell, as the outermost layer of the helmet, bears and disperses the impact on impact; The cushioning layer acts as a cushion in the event of a strong impact. Expandable polystyrene has high impact performance, and is non-toxic, harmless, sweat-absorbent and breathable, which is the main choice for the cushioning layer of professional safety helmets in the transportation field. With the improvement of national safety awareness, it is expected that the market for expandable polystyrene materials for professional safety helmets in the transportation field will usher in rapid development and the market space is broad.
, electrical appliances and lithium batteries and other wearing parts protection on the demand for high-performance modified plastics analysis and
Plastic packaging materials play an important protective role in electronic appliances, food and beverage, building materials and furniture, medicine, new energy and other fields. In recent years, the development trend of global plastic packaging materials is to develop in the direction of high mechanical properties, multi-functionality, easy utilization, easy degradation, etc., and recyclable and green packaging has become one of the key development directions of the packaging industry. The increasing application of modification technologies is also driving the growth of the recyclable packaging materials market.
The market size of China's recyclable packaging industry continues to expand, from 34.3 billion yuan in 2019 to 48.6 billion yuan in 2023. Recyclable packaging materials mainly include metal materials, wood materials and plastic materials, among which recyclable plastic packaging materials have a certain share in the market because of their strong plasticity and durability.
It is estimated that by 2024, the scale of China's plastic recyclable packaging market will further grow, exceeding 9.5 billion yuan. With the rapid development and application of advanced polymer material modification technology, the advantages of high-performance modified plastic protective materials in terms of recyclability will gradually become prominent, providing more possibilities for the sustainable development of the packaging industry.
, analysis of the demand for high-performance modified plastics in the field of building energy-saving materials
As an important part of China's energy consumption, the building operation stage has an urgent need for energy conservation and emission reduction. Since the 80s of the last century, China's building energy efficiency standards have continued to improve, and with the implementation of the "dual carbon" national policy, the gradual introduction of "passive buildings" (including "near-zero energy buildings" and "zero energy buildings") has become a long-term development trend.
1) Under the "double carbon" situation, the building energy-saving standards have been improved, and the scale of the building energy-saving materials industry has continued to expand.
According to the China Association of Building Energy Efficiency, the energy consumption and carbon emissions from the building operation stage account for the proportion of China's energy consumption.
22%, the need for carbon reduction and energy saving is urgent. According to "Energy Efficiency in Buildings", the proportion of energy loss through the façade during building operation is 23%-
34%, the application of energy-saving and environmentally friendly materials for thermal insulation is an important way to save energy and improve the living environment, and product technology upgrading plays an important role in achieving the "double carbon" goal.
In 2021, the Ministry of Housing and Urban-Rural Development issued the General Code for Building Energy Conservation and Renewable Energy Utilization, which has stricter requirements for various energy-saving coefficients, and the average energy-saving rate of residential buildings in severe cold and cold areas is 75%; The average energy efficiency of residential buildings in other climate zones is 65%; The average energy efficiency rate of public buildings is 72%, and stricter building energy efficiency standards will be fully implemented during the 14th Five-Year Plan period. In this context, China's building exterior wall energy-saving materials industry has shown rapid growth. It is estimated that the market size of China's building exterior wall energy-saving materials industry will reach 2529 in 2024600 million yuan.
Analysis of the market size and growth rate of China's building exterior wall energy-saving materials industry
At present, the exterior wall insulation materials used in China's construction market are mainly divided into organic insulation materials, inorganic insulation materials and composite insulation materials on the basis of both. Expandable polystyrene (EPS) and rock wool are the most widely used external wall insulation in China.
materials, which account for 53% in external thermal insulation systems and 32% in rock wool. Compared with rock wool, EPS has obvious advantages in thermal insulation function, structural safety and durability, but the flame retardant grade is usually B1 and B2, which is lower than the A grade of inorganic materials represented by rock wool.
With the official implementation of the General Code for Building Energy Conservation and Renewable Energy Utilization in 2022, the heat transfer limit of the building envelope has been further reduced, and the thickness and heat resistance index requirements of energy-saving insulation materials for exterior walls have been increased, promoting the quality of the industrial chain. For stone wool materials with higher fire ratings, the increase in thickness and weight leads to a decrease in structural safety, and the risk of falling off increases greatly after long-term use of water absorption. Although the structural safety of traditional expandable polystyrene (EPS) materials is guaranteed with increased thickness, the increased thickness comes with higher costs.
With the inclusion of "promoting low-carbon transformation in the construction sector" in the "14th Five-Year Plan" and the outline of the long-term goals for 2035, the construction industry has entered the era of "carbon neutrality", and the gradual introduction of "ultra-low energy consumption", "near-zero energy consumption" and "zero-energy buildings" has become a long-term development trend. In March 2022, the Ministry of Housing and Urban-Rural Development issued the "14th Five-Year Plan for Building Energy Conservation and Green Building Development", which requires the construction of "ultra-low energy consumption" and "near-zero energy buildings" by 2025More than 500 million square meters.
With the promotion of "ultra-low energy buildings", "near-zero energy buildings" and "zero energy buildings", "passive buildings" have become the key development direction of China's buildings. This type of building refers to the building that achieves efficient thermal insulation performance through energy-saving insulation materials and construction methods, uses solar energy and household appliances to provide heat sources for the interior of the building, and reduces or does not use active energy sources, and its indoor environmental parameters are the same as those of near-zero energy buildings, and the energy efficiency indicators are slightly lower than those of near-zero energy buildings, and the energy consumption level of buildings should meet the "Technical Standards for Near-zero Energy Buildings".
Passive building is currently internationally recognized as an energy-efficient building form. The five key elements of a passive building include thermal insulation of the envelope, high-quality windows and doors, excellent air tightness, no thermal bridge design, and a fresh air system with thermal energy** function. High thermal resistance modified polystyrene belongs to the five key elements of passive building in the outer insulation of the material required for thermal insulation, with high thermal resistance, high flame retardant grade, excellent mechanical properties and other characteristics, for the rapid popularization of passive buildings in China, the realization of the "double carbon" goal is of great significance.
For more industry information, please refer to PwC ConsultingAnnual high-performance modified plastics industry chain subdivision product research and prospect research reportAt the same time, PwC Consulting also provides services such as industrial research reports, industrial chain consulting, project feasibility reports, specialized and special new small giant certifications, market share reports, 14th Five-Year Plan, post-project evaluation reports, BP business plans, industrial maps, industrial planning, blue and national manufacturing single champion enterprise certification, IPO fundraising feasibility study, IPO working paper consulting and other services.