2025 china modified plastics industry market outlook forecast research report

Modified plastics refer to plastic products that are based on general-purpose plastics and engineering plastics and have been processed and modified through methods such as filling, blending, and reinforcement to improve properties such as flame resistance, strength, impact resistance, and toughness. Due to their superior cost-effectiveness, modified plastics are being used in an increasing number of downstream fields. It can be said that modified plastics have become a consumer trend, and this trend is driven by the following five factors:

Source: Compiled by China Business Industry Research Institute

Modified plastics, as a new material product, fall within the category of national strategic emerging industries. In recent years, both national and local governments have introduced a series of encouraging policies to vigorously promote the accelerated development of industries such as modified plastics and other polymer materials. The modified plastics industry is encouraged and supported by national policies, and the high level of attention from relevant national departments to the development of the modified plastics industry will continue to drive the industry's positive growth.

Source: Compiled by China Business Industry Research Institute

1. Output

The demand growth in emerging fields such as high-end home appliances, new energy vehicles, and aerospace is driving the continuous increase in the production of modified plastics. According to the "2025-2030 Market Status and Investment Advisory Report on China's Modified Plastics Industry" released by the China Business Industry Research Institute, as of 2024, China's modified plastics production will reach 33.2 million tons, an increase of 11.6% year-on-year. Analysts from the China Business Industry Research Institute predict that in 2025, China's modified plastics production will reach 35.46 million tons.

Data Source: Compiled by China Business Industry Research Institute

2. Production Structure

In the modified plastics market, modified polypropylene has the highest production, accounting for 26.82%. It is followed by modified polyethylene and modified ABS products, accounting for 19.92% and 10.06%, respectively.

Data Source: Compiled by China Business Industry Research Institute

3. Market Structure

Currently, modified plastics in China are mainly low to medium-end products, accounting for 75%. High-end modified plastics only account for 25%.

Data Source: Compiled by China Business Industry Research Institute

4. Downstream Application Situation

Compared to regular plastics, modified plastics have a wider range of downstream applications, including home appliances, electrical, automotive, photovoltaic, consumer electronics, medical, and other industries. Among these, home appliances have the highest demand, accounting for about 37%. This is followed by automotive, electronics and electrical appliances, office equipment, and power tools, with demand shares of 15%, 8%, 7%, and 3% respectively.

Data Source: Compiled by China Business Industry Research Institute

5. Enterprise Core Competitiveness Ranking

The modified plastics industry in China has developed a three-dimensional pattern of "breakthroughs in high-end technology - full industry chain integration - global layout." Leading companies have significantly increased the domestic production rate and gross profit margin through specialty engineering plastics (such as LCP, PEEK), bio-based materials, and integrated processes. The technology end focuses on low-carbon and environmentally friendly features, lightweight, and weather resistance, breaking overseas monopolies and adapting to emerging scenarios such as new energy, AI servers, and humanoid robots. The industry chain is vertically deepening cost reduction synergy from monomer synthesis to modification processing, and horizontally accelerating global penetration through the construction of overseas bases (Southeast Asia, Europe), driving the industry's transformation from "scale competition" to "technology + solution" output.

Source: Compiled by China Business Industry Research Institute

1. Kingfa Sci & Tech

The main business of Kingfa Sci. & Tech. Co., Ltd. is the research and development, production, and sales of new chemical materials. Kingfa Sci. & Tech.'s main products include modified plastics, environmentally friendly high-performance recycled plastics, biodegradable plastics, special engineering plastics, carbon fibers and composite materials, light hydrocarbons and hydrogen energy, polypropylene resin, styrene resins, and medical and health polymer materials.

In the first half of 2025, revenue reached 31.636 billion yuan, an increase of 35.5% year-on-year; net profit attributable to the parent company was 585 million yuan, an increase of 53.95% year-on-year. The main products in the first half of 2025 included modified plastics, traded goods, and green petrochemical products, accounting for 52.07%, 20.65%, and 18.85% of the total revenue, respectively.

Data Source: Compiled by China Business Industry Research Institute

Data Source: Compiled by China Business Industry Research Institute

2. Guo En Co., Ltd.

Qingdao Gon Technology Co., Ltd.'s main businesses are the large chemical industry and the large health industry. Gon Technology's main products include organic polymer modified materials, organic polymer composite materials, green petrochemical materials and new materials, gelatin, collagen and its derivatives, biological medicine, and health products.

In the first half of 2025, the company achieved a revenue of 9.754 billion yuan, representing a year-on-year increase of 4.58%. The net profit attributable to shareholders was 346 million yuan, marking a year-on-year growth of 25.82%. During this period, the company's main products included organic polymer modified materials, green petrochemical materials and new materials, and organic polymer composite materials, which accounted for 50.38%, 20.11%, and 17.71% of the total revenue, respectively.

Data Source: Compiled by China Business Industry Research Institute

Data Source: Compiled by China Business Industry Research Institute

3. Pulit

Shanghai Pret Composites Co., Ltd.'s main business involves high polymer new material products and their composites, as well as the research, development, production, sales, and service of ternary lithium-ion batteries, lithium iron phosphate lithium-ion batteries, sodium-ion batteries, and their systems. Pret's main products include general modified materials, engineering modified materials, ternary cylindrical lithium-ion batteries, lithium iron phosphate lithium-ion batteries, polymer soft-pack lithium-ion batteries, nickel-based batteries, and others.

In the first half of 2025, the company achieved a revenue of 4.09 billion yuan, an increase of 9.07% year-on-year; the net profit attributable to shareholders was 207 million yuan, an increase of 43.75% year-on-year. The main businesses in 2025 include the modified plastics industry and the new energy battery industry, accounting for 74.33% and 25.67% of the total revenue, respectively.

Data Source: Compiled by China Business Industry Research Institute

Data Source: Compiled by China Business Industry Research Institute

4. Dawn Holdings

Shandong Dawn Polymer Co., Ltd.'s main business involves the research and development, production, and sales of functional polymer composite materials, including thermoplastic elastomers, modified plastics, color masterbatches, biodegradable materials, and copolyester materials. Dawn Polymer's main products are thermoplastic elastomers, modified plastics, color masterbatches, biodegradable materials, and copolyester materials.

In the first half of 2025, the company achieved a revenue of 2.881 billion yuan, representing a year-on-year increase of 24.07%. The net profit attributable to shareholders was 84 million yuan, marking a year-on-year growth of 25.37%. The main products in the first half of 2025 included modified plastics and thermoplastic elastomers, accounting for 73.88% and 13.08% of the total revenue, respectively.

Data Source: Compiled by China Business Industry Research Institute

Data Source: Compiled by China Business Industry Research Institute

5. Nanjing Julong

Nanjing Julong Technology Co., Ltd.'s main business is the research and development, production, and sales of high-performance polymer new materials and advanced composite material applications. Nanjing Julong's main products are high-performance modified plastics, thermoplastic elastomer materials, carbon fiber composite structural parts and components manufacturing and assembly, and bio-based resource recycling wood-plastic profiles.

In the first half of 2025, the company achieved a revenue of 1.257 billion yuan, representing a year-on-year growth of 25.7%. The net profit attributable to shareholders was 57 million yuan, showing a year-on-year increase of 39.02%. The main products in the first half of 2025 included modified engineering plastics, modified general-purpose plastics, and long glass fiber reinforced materials, accounting for 45.34%, 35.59%, and 8.40% of the total revenue, respectively.

Data Source: Compiled by China Business Industry Research Institute

Data Source: Compiled by China Business Industry Research Institute