Prospects for the development of synthetic resins in China

During the "Eleventh Five-Year Plan" period, China's electronic information, automotive, and real estate sectors experienced rapid growth, while household consumption levels continued to rise. These developments created significant opportunities for the synthetic resin industry. It is projected that the demand for synthetic resins will maintain a steady growth rate of approximately 10%, similar to the previous five-year plan. By 2010, the apparent consumption in the domestic market is expected to reach 64 million tons, a substantial increase from the 26 million tons recorded at the end of the "Tenth Five-Year Plan." Additionally, the production of synthetic resins is anticipated to grow at an average annual rate of 12% during this period. By 2010, the output is expected to reach 37 million tons, marking an increase of about 16 million tons compared to the end of the previous plan. This growth reflects not only the rising industrial demand but also the increasing use of synthetic resins in everyday products, signaling a promising future for the sector.

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