2021 年上半年海外轮胎巨头迎来业绩爆发，一扫之前的颓势，同比2020 年大幅增长，同比2019 年仍有不俗的增长。国内轮胎龙头企业在2020 年疫情中逆势增长的情况下，受2021 年原材料价格上涨、海运费高位以及东南亚双反关税三重不利因素的叠加影响，2021 年增速放缓甚至有所下滑。国际轮胎巨头半年报普遍对全年轮胎市场表示乐观，海外龙头纷纷上调全年盈利预测：米其林将其2021 年营业利润的预测上调了12%，普利司通将其归母净利润的预测上调了25%。目前，在原材料价格回落的预期下，预计国内胎企业绩也有望实现修复。

软体家居持续推荐顾家家居。定制家居板块建议关注龙头欧派家居、尚品宅配、志邦家居。我们持续看好有品牌力、渠道和管理优势的家居龙头的持续成长。建议关注拥有海外产线布局和国废渠道建设的箱板纸龙头山鹰国际。生活用纸建议关注中顺洁柔。持续推荐晨光文具，公司中报符合预期，新五年战略顺利起步。重点推荐万顺新材，锂电铝箔投产先锋，迈入高质量增长新纪元。当前市场存在预期差，最底部坚定推荐。

Plastic furniture is designed using various types of plastics, including polymers, polyvinyl chloride, and polypropylene. Their prolonged durability and economic nature have made them ideal materials to be used in outdoor settings and for indoor purposes. For the purpose of analysis, the report segments the global plastic market based on type, end user, distribution channel, and region. The report covers the details about various types of plastic furniture preferred by consumers such as kitchen furniture, living & dining room furniture, bathroom furniture, and outdoor furniture. In addition, residential and commercial are the major consumers of plastic furniture. Furthermore, the study outlines the details about the sale of plastic furniture through diversified distribution channels, including modern trade, specialty stores, e-commerce, and direct-to-customers. Moreover, the analysis presented in this section elaborates the attractiveness of each region, including North America, Europe, Asia-Pacific, and LAMEA to identify the lucrative market areas for investment.

This study presents an assessment of the global 3D printing materials market in 2020 and evaluates its future prospects. Volume is assessed in metric tons (t) and revenue in million US dollars ($). This study analyzes the demand for 3D printable materials by end-use sector, chemistry, and product type.

Diagnostic and therapeutic medical devices, capital equipment, surgical instruments, and other medical supplies. Orthopedic, dental, cardiovascular, neurological, cosmetic and ophthalmic implants and prosthetics. Packaging Rigid and flexible packaging products for packing medical devices, equipment, instruments, and pharmaceuticals.

事件：7 月 31 日，国家统计局发布：6 月中国制造业 PMI 为 50.9%，前值 51.0%；非制造业商务活动指数 53.5%，前值 55.2%。

Plastic furniture is designed using various types of plastics, including polymers, polyvinyl chloride, and polypropylene. Their prolonged durability and economic nature have made them ideal materials to be used in outdoor settings and for indoor purposes. For the purpose of analysis, the report segments the global plastic market based on type, end user, distribution channel, and region. The report covers the details about various types of plastic furniture preferred by consumers such as kitchen furniture, living & dining room furniture, bathroom furniture, and outdoor furniture. In addition, residential and commercial are the major consumers of plastic furniture. Furthermore, the study outlines the details about the sale of plastic furniture through diversified distribution channels, including modern trade, specialty stores, e-commerce, and direct-to-customers. Moreover, the analysis presented in this section elaborates the attractiveness of each region, including North America, Europe, Asia-Pacific, and LAMEA to identify the lucrative market areas for investment.

2021 年轮胎原材料价格大幅上涨，而轮胎价格传导相对滞后，因此轮胎企业业绩压力较大。同时，美国需求复苏，国内及东南亚出口增加，但全球集装箱船运力缓慢增长，集装箱“一箱难求”，轮胎出口运输困难且海运成本上升，因此短期内轮胎企业出口压力较大。随着原材料价格回调，我们观测到，轮胎与原材料价差已经触底反弹，轮胎企业的业绩压力开始缓和。且2021 年国内外汽车市场尤其是乘用车对于半钢胎需求尚可，能够支撑轮胎需求，供需情况较为健康。后续海运运力有望好转，这个短期因素也将逐渐解决。我们认为，目前高价原材料、集装箱短缺都是短期影响，后续需求向好，国内轮胎龙头中长期成长逻辑没有变化。

日本与韩国在垃圾分类与治理方面的工作已开展了几十年，从相关法律法规的制定到政策落实，再到全民普及，目前已形成了较为成熟的体系。我国的垃圾分类处理问题是近些年才得到广泛重视的，政府制定了一系列治理方案并待逐步落实，全国46个试点城市已陆续开展垃圾分类工作。通过研究日韩两国的垃圾分类体系及主要特点，发现我国目前在垃圾治理上存在的问题，找到适合我国国民生活习惯与消费习惯的垃圾分类和处理方法，是当前尤为重要的课题。

禁塑限塑政策趋严，可降解塑料将成为一次性塑料的有效替代材料：2020年国家《关于进一步加强塑料污染治理的意见》《关于扎实推进塑料污染治理工作的通知》提出，2021 年1 月1 日起全国范围内不可使用不可降解塑料购物袋，全国范围餐饮行业禁止使用不可降解一次性塑料吸管，地级以上城市建成区餐饮堂食服务禁止使用不可降解一次性塑料餐具。可降解塑料因环和使用体验度高成为替代一次性塑料的首选，“碳达峰、碳中和”要求下，可实现碳循环平衡的生物基可降解塑料如聚乳酸PLA 等有望得到大力发展。