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Small as they are, rubber and plastic seals occupy a very important position in the development of the national economy. They are the basic components and accessories in the defense, chemical, petroleum, coal, transportation, and machinery manufacturing industries. In recent years, with the rapid economic growth, the rubber and plastic seal manufacturing industry has maintained double-digit growth.
According to statistics of National Statistics Bureau, in 2010, China's large rubber and plastics seal manufacturers (with sales income of over 5 million yuan) achieved gross industrial output value of nearly 8 billion yuan, a year-on-year growth of more than 25%.
On the basis of Analysis Report of 2012-2016 Production and Sales Demand and Strategic Investment of Rubber and Plastics Seal Manufacturing Industry in China published by the Institute, there are nearly 300 large-scale enterprises in the rubber and plastic seal manufacturing industry where most enterprises are based on a small scale and a low level of technology. Accounting for more than 95%, private and foreign-funded enterprises are the main economic type of the industry. In addition, East China, thanks to numbers of enterprises, sales revenue and asset size, occupies a considerable share with a high market concentration rate.
The growth of fixed asset investment in major downstream industries such as the automobile industry and other machinery- brought by the rapid economic development- has increased domestic market demand for rubber and plastic seals and has provided a huge market space for this industry. Moreover, the entrance of many transnational companies through joint ventures and cooperation has led to intensified competition in the Chinese market.
The good news is that in the future, the industry will still benefit from government attention and support. With the enhanced technology of China's rubber and plastic seal manufacturing industry, the transfer of the world's processing and manufacturing industry to China and the role of price leverage, the rubber and plastic seals exported by China have been improved in recent years, and some high-tech ones have entered the market. This situation has brought great development opportunities to domestic rubber and plastic seal manufacturers.
The research group of the rubber and plastic seal manufacturing industry of the Industrial Research Institute believes that domestic rubber and plastic seal manufacturers should pay attention to brand consciousness, environmental awareness and the development of standardization. The R&D of self-developed products, the promotion of common technology, the implementing of green manufacturing, the extension of service connotation are what make the manufacturing industry move towards enhanced competitiveness.
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