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It is understood that due to the irreplaceability of applications in many fields, the use of engineering plastics in China has grown rapidly. In recent years, the rapid development of electronics, telecommunications, automotive, building materials, office supplies, aerospace and other fields has become a direct driving force for the rapid growth of China's engineering plastics consumption, but China's engineering plastics supply is not satisfactory. According to customs statistics, from 2001 to 2005, the average annual growth rate of China's five general engineering plastics imports reached 22.4%. In 2005, the import volume reached 1.221 million tons.
Insufficient supply of domestic engineering plastics
According to statistics, the consumption of engineering plastics in China is currently in a period of rapid growth, but the domestic self-sufficiency rate is less than 20%, and the annual import volume accounts for more than 30% of the world's total trade volume. It is expected that during the “Eleventh Five-Year Plan†period, the average annual growth rate of China's engineering plastics consumption will maintain 18%, and domestic supply will still be seriously insufficient.