Because of the excellent performance of engineering plastics, also more in line with the energy-saving environmental protection trend, engineering plastics has been widely used in recent years in electronic and electrical, automotive, construction, office equipment, machinery, aerospace and other industries, to plastic the generation of steel, to plastic wood has become a popular international trend. Engineering Plastics has become the fastest growing field in the world plastics industry, and its development is not only supporting the national pillar industry and the modern hi-tech industry, but also pushing the traditional industrial transformation and product structure adjustment.
In the past 10 years, China's engineering plastics industry has achieved impressive results, the industry annual growth rate of more than 20%%, the scale of enterprises continue to develop and grow, the level of science and technology has been improved, some of our products technology, quality indicators are also close to the advanced foreign level. Some special Engineering plastics products technology has entered the ranks of the international advanced. 2008, China's engineering plastics consumption of about 2.06 million tons, 2010, China's engineering plastics consumption has reached about 2.44 million tons.
According to the China Industry Research network published 2016-2020 China Engineering Plastics Market Research and analysis and Development trend forecast report, China's engineering plastics industry, with the rapid development of national economy, has achieved a leap-forward progress, has gradually formed a resin synthesis, plastic modification and alloy, auxiliary production, molding machine mold manufacturing, processing applications and other related supporting capacity of the complete industrial chain. As of 2011, China's Engineering Plastics market annual demand has been over 2 million tons, turnover of 100 billion yuan, and is expected to double over five years. It can be said that China's engineering plastics industry has entered a high-speed development period.