NEW YORK, Jan. 31, 2017 /PRNewswire/ -- In recent years, China modified plastics industry remains fast in development. In 2015, the output of modified plastics was 12.58 million tonnes, rising by 13.5%. And the need for modified plastics reached 1.14 million tonnes, rising by 13.95%.
Widely used in automobile, domestic appliances, agriculture, building, electrical-electronic industry, light industry and military industry. China becomes the largest potential market and the main impetus for demand rising. It is predicted that, in 2021, pulled by downstream industries including automobile, building, domestic appliance, etc., amount of demand for modifies plastics will increase to 21.1 million tonnes, in China. And the sales scale will exceed RMB three trillion.
Enterprises for producing diethyl oxalate determine their sales by production, in which large-scale enterprises have certain inventory. However, for characteristics of diethyl oxalate, the amount of inventories will not be large. For recent years, diethyl oxalate market in China tends to rise stably. In 2015, diethyl oxalate output was 45.3 thousand tonnes in China. The market scale was RMB630 million.
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