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 significant growth, while rising household consumption levels created substantial opportunities for the synthetic resin industry. This period is expected to see continued strong demand for synthetic resins, with an annual growth rate of approximately 10%, similar to the previous five-year plan. By 2010, the country's apparent consumption of synthetic resins is projected to reach 64 million tons, up from about 26 million tons at the end of the "Tenth Five-Year Plan." In addition, domestic production of synthetic resins is anticipated to grow at an average annual rate of 12% during this period. By 2010, output is expected to reach 37 million tons, representing an increase of around 16 million tons compared to the end of the previous plan. These developments reflect a strong industrial push and increasing reliance on synthetic materials across various sectors, highlighting the importance of this industry in China's economic growth strategy.

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