Development prospect of rubber products industry in China

1.The State continues to introduce industrial support policies.

At the national level, relevant industrial policies have been introduced in recent years to drive the rapid development of the rubber product industry. For example, the "14th Five-Year Development Plan Guidelines for the Rubber Industry" issued in November 2020. The emphasis is on improving product quality, automation level, information level, production efficiency, energy saving and consumption reduction, environmental protection, industrial concentration, enterprise competitiveness and economic benefits, and strive to enter the intermediate stage of rubber industry power at the end of the "14th Five-Year Plan" (2025); In addition, the Notice of The State Council on the issuance of the Action Plan for Achieving the Carbon Peak by 2030, issued in October 2021, has clarified the development plan for low-carbon transition in energy, industry and transportation, etc. The support of national policies will accelerate the healthy development of the industry.

2. Demand growth is driven by downstream applications

Due to the excellent performance of rubber products, they are widely used in energy, electrical, construction, chemical and other fields. With the continuous development of downstream application fields, such as the popularization of new energy vehicles and the construction of smart power grid, the market demand for rubber products will continue to grow. In the rubber industry guidelines mentioned that it is expected to the end of the "14th Five-Year Plan", the market demand for rubber sealing products will reach more than 40 billion yuan, the market has a large room for growth.

Second, the development trend forecast of China's rubber products industry

1. green environmental protection is the main direction

With the "double carbon" policy proposed by the state, energy conservation and emission reduction has gradually become the basis of modern industrial development. On this basis, to meet the theme of national development, China's rubber products industry will focus on the research and development of various green and environmental protection manufacturing technologies in the future, vigorously drive the rubber products industry to the direction of green and environmental protection, and further achieve energy conservation and consumption reduction.

2.rubber products gradually realize import substitution

From the perspective of our rubber products industry as a whole, domestic enterprises mainly occupy the low-end market, the added value of rubber products is relatively high, and the high-end market products mainly rely on foreign imports. Under the adjustment of industrial structure supported by national policies, the high-end market of our rubber products industry will gradually realize import replacement and occupy more market share.

3. Continuous improvement of technical level and comprehensive performance

In the process of the continuous development of the level of science and technology in our country, the emerging industries have achieved rapid development, and will improve the standards and requirements of the rubber products industry, which will drive enterprises to vigorously develop and innovate existing technologies, and further improve the technical level of rubber products industry and the total performance of products.