China Masterbatch Market
is anticipated to grow significantly rate in the projected period of 2028 which
is driven by the increasing demand from automotive industry.
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
The packaging industry
in China has been witnessing rapid growth, driven by factors such as
e-commerce, urbanization, changing consumer preferences, and increased demand
for convenience products. Packaging plays a crucial role in attracting
consumers and creating brand recognition. Masterbatch enables manufacturers to
incorporate vibrant and consistent colors into plastic packaging materials,
enhancing their visual appeal on store shelves. Whether it's food packaging,
cosmetic containers, or industrial packaging, masterbatch offers a wide range
of color options to cater to diverse packaging needs. With the increasing
emphasis on branding and product differentiation, the demand for masterbatch
for coloration purposes is on the rise in the packaging industry in China. Plastic
packaging materials are exposed to various external factors, including UV
radiation and moisture. Masterbatch formulations with UV stabilizers and
barrier additives help protect packaged products from UV degradation, moisture,
and oxygen.
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 introduced
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. .
Additionally, the
packaging industry demands materials with flexibility and versatility to
accommodate different product types, shapes, and sizes. Masterbatch offers
manufacturers the flexibility to create packaging materials with customized
colors, special effects, and branding elements. It allows for the production of
packaging materials that align with the specific needs of different industries,
such as food and beverages, cosmetics, pharmaceuticals, and consumer goods. The
ability to customize and differentiate packaging solutions has contributed to
the increasing demand for masterbatch in the packaging industry. For instance,
in 2021, Swire Coca-Cola Ltd, a bottler of Coca-Cola beverages, invest more than
USD 854 million in factory infrastructure in China in the next five years, and
plans to expand nearly 20 production lines. As Coca-Cola uses PET bottle
for the packaging of their beverages, the demand of PET bottles increases
result in increasing demand of masterbatches for PET bottle production.
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.
Growing Demand from
Automotive Industry
Masterbatch, a
concentrated mixture of pigments or additives dispersed in a carrier resin,
plays a crucial role in the production of high-quality plastic components used
in vehicles. The automotive industry in China is highly competitive, and
automakers strive to differentiate their products in terms of aesthetics and
visual appeal. Masterbatch allows for precise color matching, enabling
automakers to create a wide range of vibrant and attractive colors for various
interior and exterior components. For instance, according to the China
Association of Automobile Manufacturers (CAAM), Chinese carmakers produced
27.02 million units in 2022. Additionally, masterbatch offers the ability
to incorporate special effects, such as metallic finishes, pearlescent effects,
and textures, giving vehicles a unique and premium look. As Chinese consumers
increasingly seek personalized and visually appealing vehicles, the demand for
masterbatch for customization purposes continues to rise. Moreover, masterbatch
is not only used for coloration but also to enhance the functional properties
of plastic components in vehicles. Specialized masterbatch formulations are
available to improve properties such as UV resistance, flame retardancy, thermal
stability, anti-static properties, and scratch resistance. These enhanced
functionalities ensure that automotive components meet stringent performance
requirements and regulations. For instance, masterbatch is used in the
production of interior parts, wiring systems, and exterior components to
achieve desired properties and ensure long-term durability in challenging
operating conditions. With increasing emphasis on environmental sustainability
and fuel efficiency, automotive manufacturers are increasingly adopting
lightweight materials in vehicle production. Plastics, including reinforced and
engineered plastics, offer significant weight reduction compared to traditional
metal components. Masterbatch is used to color and enhance the properties of
these plastic materials, enabling manufacturers to achieve weight reduction
targets while maintaining design flexibility and overall performance. The
demand for masterbatch in lightweight plastic applications, such as interior
trims, bumpers, and under-the-hood components, is witnessing substantial growth
in China. Along with this, China has been actively promoting electric vehicle
adoption, aiming to become a global leader in the EV market. As the country
transitions towards electric mobility, the demand for masterbatch in the
production of EV components has witnessed significant growth. Masterbatch is
utilized in the manufacturing of interior trims, battery casings, charging
connectors, and other electric vehicle parts. With the surge in electric
vehicle production and investments in the EV infrastructure, the demand for
masterbatch in this segment is expected to continue to grow in China.
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
Plastics & polymeric
compounds play an important role in building & construction sector as they are
attractively tough, more robust, high strength, long-lasting as well as provide
UV or weather resistance, have flammable and antimicrobial properties and replacing
traditional materials. These plastic and polymeric materials are used in the
production of PVC profiles, PVC pipes, PPR pipes, water storage tanks
insulation foam, fire extinguishers, etc. All these factors are anticipated to boost market
growth.
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
China Masterbatch Market is segmented based on type, polymer,
application, end user industry, and region. Based
on the type, the market is divided into white, black, additive, and color.
Based on polymer, the market is fragmented into PP, LDPE/LLDPE, HDPE, PVC, PET,
and others. Based on the application, the market is categorized into film
extrusion, injection molding, blow molding, and others. Based on the end user industry, the market is divided into packaging,
building & construction, consumer goods, automotive, textile, and others. Based
on region, the market is segregated into South-Central, East, Southwest, North
& North-East, By Company.
Company Profiles
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. are some of the key players in China Masterbatch
Market.
|
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
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Revenue forecast, volume
forecast, Company shares, competitive landscape, growth factors, and trends
|
|
Segments
covered
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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)
|
Report Scope:
In this report, China Masterbatch
Market has been segmented into the following categories, in addition to the
industry trends, which have also been detailed below:
- China Masterbatch Market,
By Type:
- White
- Black
- Additive
- Color
- China Masterbatch Market,
By Polymer:
- PP
- LDPE/LLDPE
- HDPE
- PVC
- PET
- Others
- China Masterbatch Market,
By Application:
- Film Extrusion
- Injection Molding
- Blow Molding
- Others
- China Masterbatch Market,
By End User Industry:
- Packaging
- Building & Construction
- Consumer Goods
- Automotive
- Textile
- Others
- China Masterbatch Market,
By Region:
- South-Central
- East
- Southwest
- North & North-East
Competitive landscape
Company Profiles: Detailed analysis of the major companies in China Masterbatch
Market.
Available Customizations:
With the given market data,
TechSci Research offers customizations according to a company’s specific needs.
The following customization options are available for the report:
Company Information
- Detailed analysis
and profiling of additional market players (up to five).
China Masterbatch Market
is an upcoming report to be released soon. If you wish early delivery of this report
or want to confirm the date of release, please contact us at [email protected]