China Masterbatch Market By Type (White, Black, Additive, Color), By Polymer (PP, LDPE/LLDPE, HDPE, PVC, PET, Others), By Application (Film Extrusion, Injection Molding, Blow Molding, Others, By End User Industry (Packaging, Building & Construction, Consumer Goods, Automotive, Textile, Others), By Region, Competition, Forecast & Opportunities, 2018-2028F
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationChina Masterbatch Market By Type (White, Black, Additive, Color), By Polymer (PP, LDPE/LLDPE, HDPE, PVC, PET, Others), By Application (Film Extrusion, Injection Molding, Blow Molding, Others, By End User Industry (Packaging, Building & Construction, Consumer Goods, Automotive, Textile, Others), By Region, Competition, Forecast & Opportunities, 2018-2028F
In 2021, China produced over 21.41 million units of passenger cars.
China Masterbatch Market is expected to expand during the projected period due to increasing demand from automotive industry as color and additive masterbatch are commonly used for vehicle interiors, and outdoors for heavy and light vehicles, passenger cars, two and three-wheelers
China Masterbatch Market is a dynamic and competitive sector that offers opportunities for growth and innovation. The market players are focusing on expanding their product portfolio, enhancing their quality standards, improving their distribution network, and increasing their market share. Along with this, merger, and acquisition activity in the market enhances companies' presence in the region as these acquisitions help companies to better serve their customers and meet the growing demand for masterbatch in China in the projected year.
Rising Demand from Packaging Industry
These additives enhance the shelf life and quality of the packaged goods. From food packaging to pharmaceutical containers, masterbatch with UV stabilization and barrier properties is crucial in ensuring product integrity and meeting stringent industry standards. In addition, masterbatch is not just about coloration; it also offers functional benefits and performance enhancements in packaging materials. Various additives can be incorporated into masterbatch formulations to provide properties such as anti-static, anti-fog, anti-slip, and anti-block. For example, masterbatch with anti-static properties can be used in electronics packaging to prevent static charges that could damage sensitive components. By incorporating functional additives through masterbatch, manufacturers can tailor packaging materials to meet specific requirements and ensure optimal performance. Moreover, the packaging industry is increasingly focusing on sustainability and reducing its environmental footprint. Masterbatch manufacturers are responding to this trend by developing eco-friendly solutions. Bio-based and biodegradable masterbatch formulations are gaining popularity as they help reduce the environmental impact of plastic packaging materials. Additionally, masterbatch additives that facilitate recycling and improve the compatibility of different polymers are being adopted to promote a circular economy. With China's commitment to sustainable development and the growing demand for eco-friendly packaging solutions, the demand for sustainable masterbatch is expected to increase.
For instance, Colloids launched T-TEC high-performance engineering polymer masterbatch and modified masterbatch that are used in automotive, electrical and electronic and ESD packaging, storage and distribution application. .
Furthermore, the packaging industry is subject to strict regulations and standards regarding food contact, safety, and recyclability. Masterbatch plays a crucial role in helping packaging manufacturers comply with these regulations. For instance, masterbatch can be formulated with additives that meet food contact safety requirements, ensuring that packaged food products are safe for consumption. Additionally, masterbatch additives that facilitate recycling and promote the use of recyclable materials contribute to meeting sustainability goals and regulatory compliance.
Therefore, increasing demand of masterbatch in the packaging industry led to the growth of China Masterbatch Market in the upcoming years.
For instance, according to the China Association of Automobile Manufacturers (CAAM), Chinese carmakers produced 27.02 million units in 2022.
For instance, according to Global EV Outlook 2023, BEV sales in China increased by 60% in 2022 as compared to 2021 and reach 4.4 million, and PHEV sales nearly tripled to 1.5 million.
Additionally, masterbatch with flame retardant additives can be used in the production of components that meet fire safety requirements. Masterbatch also aids in achieving color fastness, ensuring that automotive components maintain their appearance over an extended period.
Hence, the increased demand of masterbatch from automotive industry fueling the China Masterbatch Market growth in the projected period.
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Increasing Demand from Building & Construction Industry
However, the prices of key raw materials such as pigments, additives, and resins are subject to market fluctuations, which can significantly impact the profitability of masterbatch manufacturers and restraining the growth of the market. Furthermore, stringent environmental regulations and the need for sustainable alternatives poses challenges to market growth.
Recent Development
- In 2019, Clariant launched
a new facility in Guangzhou, China, dedicated to the manufacturing and supply
of specialty black masterbatches that are used in packaging, consumer goods,
fiber, automotive and E&E industries. .
- In 2018, Colloids developed
a new range of masterbatches for plastic part producers looking to use a
permanent laser marking system to record key product information and branding,
rather than printing or engraving with ink..
Market Segmentation
Company Profiles
|
Attribute |
Details |
|
Base
Year |
2022 |
|
Historic Data |
2018 – 2021 |
|
Estimated
Year |
2023 |
|
Forecast Period |
2024 – 2028 |
|
Quantitative
Units |
Revenue in USD Million, Volume in Tonnes and CAGR for 2018-2022 and
2023-2028 |
|
Report coverage |
Revenue forecast, volume
forecast, Company shares, competitive landscape, growth factors, and trends |
|
Segments
covered |
Type Polymer Application End
User Industry |
|
Region scope |
South-Central, East, Southwest,
North & North-East, Northwest |
|
Key companies profiled |
Ngai Hing Hong Company
Limited, Malion New Materials Co., Ltd, Ampacet Masterbatch (Shanghai) Manufacturing
Co., Ltd., Avient Corporation, Cabot (China) Limited, LyondellBasell
Polyolefin (Shanghai) Co. Ltd., Jiangsu Pulaike Hongmei Masterbatch Co., Ltd. |
|
Customization
scope |
10% free report customization with purchase. Addition or alteration
to country, regional & segment scope. |
|
Pricing and purchase options |
Avail customized purchase
options to meet your exact research needs. |
|
Delivery
Format |
PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special request) |
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