The sustained development of China's national economy has brought good opportunities to the development of tape industry. The development of belt industry mainly depends on the development of coal, steel, cement, port, mine, petroleum, automobile, textile, light industry, machinery and other industries.
Since the "Eleventh Five-Year Plan", China's national economy has developed continuously and rapidly, which has led to the sustained and rapid growth of coal, steel, cement, automobiles and agricultural machinery. The output of coal, steel and cement in China ranks first in the world. At the same time, the measures taken by the state to expand domestic demand are expected to continue to be implemented for a long time, which will undoubtedly drive the development of building materials, automobiles, agricultural machinery, light industry and other industries. In addition, pay attention to "agriculture, rural areas and farmers" work will also be carried out in a long time, which has opened up a broad long-term potential market for tape work in China.
Automobile adhesive tape is the fastest growing variety, which is closely related to the rapid development of China's automobile industry. Automobile industry is the pillar industry of China's national economy. In 2009, China's automobile production and sales reached more than 13 million vehicles respectively, ranking first in the world. In the first eight months of 2010, China's automobile production and sales exceeded 11 million vehicles, reaching a new record high, ranking first in the world in automobile consumption.
According to the forecast of China Machinery Industry Federation and China Automobile Industry Association, the automobile production and sales volume in China will exceed 16 million in 2010, and the growth rate of automobile production and sales volume will slow down in the next few years, but it will remain above 10%. After more than 50 years of development, China's automobile industry has basically established a relatively complete production system of automobile industry. Under the impetus of the reform and opening-up policy and the strong encouragement of the domestic market, it has achieved rapid development. China's automobile and parts exports have also shown a rapid development trend, with an average annual growth rate of nearly 50% from 2001 to 2009. In 2009, the export of automobile products has reached more than 30 billion US dollars.
The international comparative advantage of China's automobile products still exists, and the international market demand potential is huge. The output value of flame retardant conveyor belts and V belts consumed by coal industry is predicted to increase by double digits every year. The petroleum industry is one of the important industries of the national economy, which develops steadily, and the annual growth rate of oil is about 7%. Especially, the demand for adhesive tape will be increasing when the offshore oil wells are exploited.
With the acceleration of capital construction in China, construction machinery is increasing. Every year, the output of China's construction machinery, including loaders, road rollers, graders, excavators, etc., increases by about 10%, and the demand for various major construction machinery is over 100,000 sets. It is expected that a large number of construction machinery will be needed in recent years, which will bring great opportunities for the matching tape of construction machinery. With the improvement of agricultural mechanization in China, the output of agricultural machinery has increased year by year, and the tape for agricultural machinery is a big market.