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Chinese and foreign plastic raw material manufacturers increase their R & D investment in China

a speaker at the flexpo conference held in Shanghai recently said that both Chinese plastic raw material manufacturers and western suppliers in chemical production are increasing their R & D investment in China, especially in application related development

xudonghuang, the elastomer R & D director of Dow Chemical (China) Co., Ltd., said, for example, Dow Chemical "has established a world-class R & D capability in China in recent years", and the number of R & D teams in Shanghai has increased from 50 five years ago to 500 today

dirkmichaels, Asia Regional Technical Manager of ExxonMobil (Shanghai) Asia Pacific R & D center based in Shanghai, said that similarly, ExxonMobil Chemical Co., Ltd. also built a technology center in Shanghai in March, which is its third largest technology center in the world, focusing on developing higher value products, such as metallocene and special elastomers

he said: "the center is set up to support the development of high-end products. There is little research and development work on commodity products."

as one of the organizers of flexpo conference, Houston based consulting firm chemicalmarketresourcsinc The company (CMR) said that the local R & D capability in Asia is also developing rapidly

cmr said that this is one of the reasons why the company chose Asia to host the recent flexpo conferences

Amy, an analyst and customer service director of CMR, said: "in my opinion, there is no doubt that although Asia still needs to catch up in many places, their development speed is far faster than expected. Innovation must meet market demand, and today's demand is concentrated in Asia."

many established giants in the Western or Japanese plastic market made reports at the flexpo conference. Some have made the latest progress in product development, while others are trying to sell technology licenses to enterprises in some emerging markets in Asia

at the same time, China's state-owned petrochemical giants Sinopec Group and PetroChina group, as well as Foshan Plastic Group Co., Ltd., the leading plastic processor in China, also introduced various new products as their R & D achievements in detail at the meeting

Foshan Plastics Group, headquartered in Foshan, Guangdong, said that the company has been developing flexible pipes based on thermoplastic elastomers, which cross-linked the materials by using the radiation generated by high-energy electron beams, thus overcoming the heat resistance problem of TPE in practical applications

among the overseas enterprises participating in the conference, Korean D. company also announced its latest progress. The company is ready to commercialize its production process using carbon dioxide as plastic raw material. In addition, it is expected to determine the capacity of its first commercial scale production plant early next year

according to swamy of CMR, although Asian enterprises strengthen R & D to meet local demand, it will also have an impact on the global market

he said that as long as it takes time, it will probably promote global enterprises to accelerate the pace of innovation. It will also change high-end products with high profits into more price oriented products in the future, and the profit space will be reduced accordingly

as an example, he mentioned that Sinopec announced at the flexpo meeting that it would begin to commercialize some of its metallocene. Let's pray for Malaysia Airlines

the metallocene market has always been firmly occupied by Dow, ExxonMobil and Mitsui chemical of Japan. However, with the growing demand in emerging markets in Asia, Korean enterprises at first, and then Chinese enterprises began to independently develop metallocene products

in his speech at flexpo, he said: "with the increase of Asian production and the possible participation of more Asian enterprises, the profit margin of metallocene will shrink day by day. The potential for commercialization has been formed. Although it may not happen in the next 10 years, metallocene will still be a high-end market, most of the so-called high-end products in the past five years are likely to become very common commodities in the next 10 years."

cmr's other analysts believe that as more and more Asian enterprises enter this field, products such as EVA copolymer and PE-100 grade polyethylene pipe resin may also face the same profit pressure

although Chinese enterprises are increasing their investment in R & D, a manager of China's chemical industry said frankly at the flexpo conference that the investment in R & D in this industry is still not large enough

upper loading speed setting the loading speed of the electronic universal testing machine is generally adjustable. Xuqiutang, President of the Haishi Chemical Industry Association, said that China has set the overall goal of 3% of the operating income from R & D investment in the chemical industry under the 12th Five Year Plan. Although the proportion is still low compared with international standards, it is still difficult to achieve this goal. If it is really achieved, it will be a "great achievement"

similarly, another Chinese chemical industry analyst who spoke at the flexpo conference also believed that China's Polyolefin enterprises lacked advantages in the world market, because the domestic polyolefin plants were small, and the largest one was only 1/4 of the world's largest plant

Fang Wei, assistant general manager of the Consulting Department of China National Chemical Information Center (CNCIC) in Beijing, said that in addition, the product category of the domestic polyolefin industry is too single. There are only about 100 materials of different levels, while there are thousands in the developed market. CNCIC and CMR jointly hosted the flexpo conference. China's new material industry is large but not strong

in his speech at the flexpo conference, he said that China's polyolefin industry urgently needs to integrate and greatly improve its innovation capacity, and make more efforts to reduce foreign investment restrictions

for some western enterprises in China, the rapid development of the Chinese market means that the market is increasingly accepting innovation

michiels of ExxonMobil said that compared with other regions, many Asian enterprises are easier to accept new ideas, because only in this way can they keep up with the pace of market changes

he said that it is estimated that about 60% of the growth of the petrochemical industry in the next decade will come from Asia, of which China will account for nearly half. Chinese customers will be more willing to accept good ideas that can help them improve their competitiveness

he said: "this is a positive development in the Chinese market. Although it is sometimes difficult to change the deep-rooted ideas of enterprises in Europe and the United States, people here often welcome new things in Asia."

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