Market analysis of China's injection molded products industry in 2023: Application fields continue to expand

I. Overview

Injection molded products refer to the general name for various products that are heated and plasticized by an injection molding machine, and then injected into the cavity of the mold for molding. After cooling, the melt is solidified and then demoulded. The injection molding machine injection molds the various products. Injection molded products have the characteristics of high precision, lightweight, miniaturization and miniaturization, meet the requirements of industrial equipment parts, and have good mechanical properties, mechanical properties and dimensional stability. They are widely used in logistics, packaging, communications, aerospace, and military industries. , machinery, automobiles, consumer electronics and medical equipment and other fields, it has been widely used to replace some high-precision metal parts.

my country's "Dimensional Tolerances for Plastic Molded Parts" (GB/T14486-2008) indicates that the tolerance levels of injection molded parts can be divided into seven levels from MT1 to MT7, among which MT1 is the level with the lowest error and the highest accuracy, and MT7 is the lowest accuracy level. The highest level. For example, my country's injection molding market practice defines injection molding products or molds with MT3 or above standards as precision injection molding levels.

2. Industry policies

The plastics industry is one of the pillar industries of my country's light industry and is closely related to my country's national economy. In recent years, the country has successively issued a number of policies to support the development of the domestic injection molding products industry, improve the quality and efficiency of the development of the raw material industry, promote the green, sustainable and high-quality development of the plastic processing industry, realize collaborative innovation in the industrial chain, and participate in domestic and international products at a higher level. Double circulation accelerates the pace of the industry from large to strong. For example, the "Guiding Opinions on Promoting the High-Quality Development of Light Industry" promulgated in 2022 points out that innovative product manufacturing projects must be upgraded. Among them, the upgrading and innovation content of plastic products is: new antibacterial plastics, high-end plastics for 5G communications, special engineering plastics, and blood purification plastics. , high-end optical film, etc. Promote the upgrading of the industrial base and vigorously develop high-end special equipment for the plastic products industry. Compile a map of the plastic products industry chain to promote chain reinforcement, solidification and strengthening.

3. Industrial chain

The upstream of the industrial chain of the injection molding products industry is the supply of raw materials and injection molding equipment. The raw materials mainly include plastic materials such as polystyrene, polyethylene, polypropylene and ABS resin, of which the application volume of polystyrene, polyethylene and polypropylene resin accounts for The ratio is the highest, accounting for about 70% of the total amount of raw materials used; the midstream is the production and supply link of injection molded products; the downstream is widely used in transportation, packaging, communications and postal services, construction and building materials, home appliances, aerospace and other fields.

With the rapid development of my country's economy in recent years, automobiles, home appliances, medical health, consumer electronics, daily necessities, packaging and other fields have also developed rapidly, driving the growth of my country's plastic production and demand. According to data, my country's primary form plastic production has grown steadily in recent years. By 2022, the production will be 113.669 million tons, a year-on-year increase of 3%.

4. Development status

With the rapid development of my country's economy in recent years, the demand for injection molded products in downstream areas such as automobiles, home appliances, medical health, consumer electronics, daily necessities, and packaging has continued to increase. At the same time, with the development of polymer material technology and the emergence of high-strength new materials Development, the application fields of injection molded products have also been continuously expanded, further driving the development of my country's injection molded products industry. According to data, my country's injection molding product production capacity will be 43.75 million tons in 2022, a year-on-year increase of 0.8; output will be 31.35 million tons, a year-on-year increase of 2.7%; demand will be 26.3 million tons, a year-on-year increase of 2.4%.

As the most important part of the plastics processing industry, the injection molding industry not only provides products for automobiles, construction, household appliances, food, medicine, etc., but is also the most basic production method of the entire plastics processing industry. On the one hand, automobiles, home appliances and electronic and electrical appliances are the largest traditional application fields of injection molding. As the world's largest automobile and home appliance market, my country's market demand is very strong, providing strong impetus for the development of the injection molded products industry. On the other hand, new market space in the injection molding industry is constantly opening up, such as the application of new special composite polymer materials in aerospace, new energy vehicles, high-speed trains, marine engineering, information networks and high-end manufacturing industries, providing new opportunities for the industry. growth potential. According to data, the market size of my country's injection molding products industry in 2022 will be about 614.4 billion yuan, a year-on-year increase of 8.3%. From a price perspective, in recent years, the average price of my country's injection molding products industry has shown an overall trend of first falling and then rising. In 2019, it fell to the lowest value in recent years. Subsequently, with the development of the industry and the increase in upstream raw material prices, the average price of injection molding products began to rise. , the average price will increase to about 23,400 yuan/ton by 2022.

Related reports: "2023-2029 China Injection Molding Products Industry Development Model Analysis and Future Prospects Planning Report" released by Zhiyan Consulting

5. Competitive Landscape

Ningbo Henghe Precision Industry Co., Ltd. was established in 2001. The company has always adhered to the R&D and manufacturing of precision molds and precision components as the core of business development, and continues to expand its business downstream. The existing products mainly cover precision injection molding parts, gears / Gearboxes/reducers and other transmission components, all-plastic tailgates, all-plastic hoods, refueling door actuators, etc. are widely used in smart home appliances, automotive smart cockpits, automotive engineering plastics lightweight applications and other fields. At present, the company has three major production bases in Zhejiang Cixi Emerging Industry Cluster Area, Zhejiang Jiaxing Economic and Technological Development Zone, and Shenzhen Yanchuan Community, and two R&D centers in Zhejiang Cixi Headquarters and Zhejiang Jiaxing. It can provide customers with solution design of precision components, One-stop service from product development to mass production manufacturing. According to data, the company's injection molding product business revenue in 2022 will be 596 million yuan, a year-on-year decrease of 2.2%, and the gross profit margin will be 19.19%.

6. Development Trend

With the improvement of the level of national economic development and the continuous upgrading of social consumption, the rapid development of express delivery, takeaway, real estate, automobiles, household appliances, packaging, consumer electronics, medical equipment and other industries has promoted the continuous growth of plastic consumption and the environmental pollution caused by plastics. The problem is getting worse day by day. To this end, the country has issued multiple policies to accelerate the transformation of injection molded products into green products. Among them, the "Biodegradable Drinking Straws" and "Biodegradable Plastics and Products Degradation Performance and Labeling Requirements" formulated and issued by the State Administration for Market Regulation and the National Standardization Administration Committee, two national standards in the field of degradable plastics will be effective from June 2022 Officially implemented on the 1st. On June 17, the Ministry of Industry and Information Technology, the Ministry of Human Resources and Social Security, the Ministry of Ecology and Environment, the Ministry of Commerce, and the State Administration for Market Regulation jointly issued the "Guiding Opinions on Promoting the High-Quality Development of Light Industry" which clearly stated that the development of new biomass materials and comprehensive Low-carbon technology development projects for materials such as biodegradable mulch films and green product consumption of degradable material products. In the future, as the "plastic ban and restriction" and "double carbon action" policies continue to advance and social awareness of environmental protection increases, the green and environmentally friendly attributes of injection molded products will become more prominent.

The plastic processing industry is an emerging manufacturing industry with plastic processing and molding as its core and integrating synthetic resins, additives, modified plastics, recycled plastics, plastic machinery and molds, intelligent systems and other industries. It is the mainstay of the high-end polymer new materials industry. It is not only an advanced manufacturing industry in my country's modern industrial system, but also a people's livelihood industry. As the industrial level continues to improve, downstream customers' requirements for injection molded products will tend to be more sophisticated and functionally diversified; at the same time, in order to expand the application scope and market penetration of my country's injection molded products in advanced manufacturing and emerging fields, injection molding products companies are required to Strengthen R&D capabilities, achieve innovative breakthroughs in production technology and product technology, and improve product quality, functionality, and precision based on market demand. Under this situation, the supply and demand of precision injection molded products in my country will grow simultaneously and rapidly in the future.

The "2023-2029 China Injection Molding Products Industry Development Model Analysis and Future Prospects Planning Report" (hereinafter referred to as the "Report") carefully prepared by the Zhiyan Consulting expert team was released. The "Report" aims to analyze the national economic and industrial development from Starting from the strategy, analyze the future market trend of the injection molding products industry, tap the development potential of the injection molding products industry, predict the development prospects of the injection molding products industry, and help the high-quality development of the injection molding products industry.

This "Report" starts from the perspective of the development environment, overall operation situation, current operation status, import and export, and competition pattern of the national injection molding products industry in 2022, systematically and objectively conducts an in-depth analysis of the development and operation of my country's injection molding products industry, and looks forward to 2023. Development trends of China's injection molding products industry. The "Report" is a work that systematically analyzes the development status of China's injection molding products industry in 2022. It has important reference value for comprehensively understanding the development status of China's injection molding products industry and carrying out academic research and practice related to the development of the injection molding products industry. It is a reading reference for government departments, scientific research institutions, industrial enterprises and other relevant personnel related to the injection molding products industry.

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