JSR to Set-up a Masterbatch Production Facility in Mexico

Mexico: Elastomix Co., subsidiary of Japan based JSR Corp., has planned to invest USD5.1 million for the construction of a new carbon masterbatch (CMB) manufacturing facility at Irapuato, Mexico. The construction of the CMB production plant is expected to start in 2017 and it is scheduled to commence commercial production by 2018. Growing demand for masterbatch in Mexico is attributed to the growing manufacturing base for automobile production in the country. Mexico, being the seventh-largest manufacturer of cars, exports large number of automobiles to other countries in North America. Therefore, the new masterbatch facility is expected to address the growing demand for masterbatch from the automotive industry of Mexico.

TechSci Research depicts that the establishment of carbon masterbatch manufacturing facility in Mexico is anticipated to expand Elastomix’s business in the country. Additionally, the new plant is expected to support the growing production and demand for cars in the region.

According to the recently published report by TechSci Research, “Global Masterbatch Market By Type, By End User, By Region, Competition Forecast and Opportunities, 2011 - 2021”, global masterbatch market size is estimated to cross US$ 16 billion in 2016. Segment-wise, white masterbatch dominated the overall market in 2015, and this trend is anticipated to continue through 2021. During 2016-2021, the demand for masterbatches is anticipated to be largely influenced by packaging and automotive industries, which has started witnessing steady growth on account of rising purchasing power of consumers and expanding middle class population in certain regions.