Sep. 19, 2018
More and more consumer product manufacturers are looking for packaging materials that both reduce production costs and ensure efficient storage and transportation. The packaging represents the largest terminal application market for masterbatch. In 2019, the market value of masterbatch is expected to rise to $12.1 billion.
At present, the production of masterbatch in China has reached 1 million tons, and its application fields are extensive. According to the Secretary-General of the Masterbatch Committee, plastic fiber products are in close contact with people in the agenda life. Under the circumstances that the whole society pays more attention to environmental protection and health, the masterbatch products need to be upgraded, and the low-end products must be Under the influence of technological innovation, we will move to the high end.
China began to develop masterbatch in the mid-1970s. Beijing University of Chemical Technology pioneered the research and development of masterbatch in China. In the mid-eighties, through the introduction of foreign advanced technology, the Chinese masterbatch industry has made great progress. .
After years of development, China has become the largest producer and consumer of the masterbatch market in Asia. It has thousands of masterbatch production enterprises of various forms such as state-owned, private, foreign-funded and joint ventures, and has a strong regionality. Characteristics, enterprises are mainly distributed in the Pearl River Delta, the Yangtze River Delta and the Bohai Sea, these three regions are also the most developed areas of China's home appliances, automobiles, packaging and other product processing industries. These masterbatch companies vary in size, most of which are small and medium-sized enterprises, which have shaped the pattern of the Chinese masterbatch market.
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