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Development Trend Of The Mold & Plastic Industry
- Jun 26, 2018 -

Along with the gradual industrial transformation and upgrade, as well as the increasing proportion of high-end products and continuous improvement of basic supporting services, there’s still much value in plastic production. Though it is witnessing a slower increase rate of production, the output value is still increasing at a relatively fast pace.

We can tell that the plastic processing industry still shows a sign of rising. As one of the indicators to measure the development level of a country’s plastic industry, the ratio between plastic and metal is only 30:70 in China, falling far behind the world average (50:50) and the developed countries like Germany (63:37) and America (70:30). Hence, with technological advancement and consumption upgrade, the plastic industry of China will maintain a steady development pace.

 

The mold industry which forms a basic industry in the national economy, is specifically involved in machinery, automobile, optical industry, electronics, chemistry, metallurgy, building materials and more industries, representing a very wide and comprehensive scope of application. China’s industry is developing rapidly, among which, the development of automotive manufacturing, IT and the medical device offers a great development opportunity for the entire mold industry.

 

Currently, China is experiencing an industrial restructuring, with national objectives for emerging industries planned as: by the year of 2020, the increased value of strategic emerging industries is aimed to account for about 15% of GDP. To achieve this 15% target, among all the seven strategic emerging industries, as the pillar of national economy, the high-end equipment manufacturing industry will be vigorously developed, so the mold industry which is dubbed “the mother of modern industry”, will definitely benefit from the development of high-end equipment manufacturing.