Plastic functional masterbatch products are widely used and the market development space will continue to grow

Plastic functional masterbatch refers to mixing a super-normal amount of additives that can give it special functions into synthetic resin, and then obtaining an additive concentrate with special functions through compounding and plasticization. Plastic functional masterbatch is widely used in the processing of various plastic products. The terminals are involved in packaging, agriculture, automobiles, building materials, home appliances and other industries, and are closely related to people’s lives.

There are different types of plastic functional masterbatch products, including opening masterbatch, brightening masterbatch, anti-reflection masterbatch, anti-aging masterbatch and other subdivided products. Based on its diverse functional characteristics, plastic products have unlimited possibilities in functional modification and functional addition, making it a hot spot in the field of plastic functionalization research, and its downstream application fields are also very wide.

According to the “2023-2028 China Plastic Functional Masterbatch Industry Market In-depth Research and Development Prospects Forecast Report released by the Industrial Research Center , with the steady development of the domestic economy, the market demand for plastic functional masterbatch continues to increase, attracting more companies to enter the plastic functional masterbatch industry. At the same time, existing companies are also actively expanding production and improving production capacity, making the domestic plastic functional masterbatch production capacity and its The growth rates showed an increasing trend. In 2022, China’s demand for plastic functional masterbatch has reached 1 million tons.

Because plastic functional masterbatch has relatively high technical and customer barriers, the number of companies in the industry is very small. Most plastic functional masterbatch companies in China mainly produce mid- to low-end products, while high-end products are still concentrated among European and American international giants. Among them, Guangdong Meilian New Materials Co., Ltd., Jiangsu Puleike Hongmei Masterbatch Co., Ltd., Ngai Hing Hong Co., Ltd., Shandong Dawn Polymer Materials Co., Ltd. and other companies are larger in scale and occupy a certain market share.

In recent years, the adjustment of China’s economic structure and the transformation and upgrading of the industry have prompted domestic plastic functional masterbatch manufacturers to continuously increase investment in research and development, improve product structure, produce more high-end products with high performance and excellent quality, promote the smooth operation of the industry, and improve The international competitiveness of China’s plastic functional masterbatch products.

Industry analysts said that with the advancement of science and technology and the continuous improvement and increase in people’s requirements for the performance and functional types of plastic products, single functions Materials with unique characteristics can no longer meet practical applications. The preparation of high-performance, multi-functional and low-cost plastic functional masterbatch is of great significance and research value. Plastic functional masterbatch can be used in degradable materials, geomembranes, conductive materials, water supply, gas supply pipelines, solar photovoltaic films, LED light reflective films, breathable films and other plastic products with high specific functional requirements. As the special functions or performance requirements of plastics increase, the development space of the plastic functional masterbatch market will continue to grow.