my country’s modified polypropylene (MPP) output continues to grow and the market size continues to expand

Modified polypropylene (MPP), also known as modified epoxy resin and modified PP, refers to a material refined from polypropylene and a variety of organic and inorganic materials through modification technology. Modified polypropylene has the advantages of low production cost, acid and alkali resistance, environmental protection, high elasticity, and impact resistance. It is widely used in medical and health, new energy, household appliances and other fields. According to different properties, modified polypropylene can be divided into flame-retardant polypropylene, high-gloss polypropylene, heat-resistant polypropylene, antistatic polypropylene, etc.

Flame-retardant polypropylene, also known as flame-retardant PP, is a representative product of modified polypropylene. It refers to modified polypropylene made by adding flame retardants and lubricants to polypropylene. Flame-retardant polypropylene has the advantages of good flame retardancy and good molding processability, and is widely used in wires and cables, household appliances and other fields. Benefiting from the strong market demand for segmented products, the flame-retardant polypropylene industry has further improved its prosperity.

Modified polypropylene can be used in medical and health, new energy, household appliances and other fields. In the field of medical and health care, modified polypropylene fiber can be used to make medical sutures, blood filters, surgical patches, etc.; in the field of new energy, modified polypropylene has the advantages of impact resistance and corrosion resistance, and can be used in new energy vehicles. Charging pile shell material. Driven by downstream demand, the modified polypropylene market continues to expand. According to the “2023-2028 China Modified Polypropylene (MPP) Industry Market In-depth Research and Development Prospects Forecast Report》shows that my country’s modified polypropylene market will reach US$14.32 billion in 2022, a year-on-year increase of 12.6%.

​ ​ Benefiting from the growth of market demand and the mature technology development of local enterprises, my country’s modified polypropylene production continues to increase. In 2022, my country’s modified polypropylene output will reach 6.124 million tons, a year-on-year increase of 7.1%. At present, Chinese companies mainly produce mid- to low-end modified polypropylene, and high-end products still rely on imports. This is the main challenge facing the development of the industry.

Major players in the global modified polypropylene market include South Korea’s LG Chem, Germany’s BASF, South Korea’s Kumho P&B Chemical, and the United States’ Polyone, DuPont of the United States, DSM of the Netherlands, etc. The main manufacturers of modified polypropylene in my country include Chide New Materials, Shanghai Plite Composite Materials Co., Ltd., Kingfa Technology Co., Ltd., Pucheng Clean Energy Chemical Co., Ltd., etc.

Industry analysts said that modified polypropylene has rich types and excellent properties, and has good application prospects. my country is a major producer of modified polypropylene, and its output is increasing year by year. In the early stages of industry development, overseas companies dominated the global modified polypropylene market. In the future, as R&D investment continues to increase, my country’s localization process of high-end modified polypropylene will further accelerate, and local companies will gain a competitive advantage in the global market.