Views: 490 Author: Site Editor Publish Time: 2022-03-24 Origin: Site
With the increasing demand for plastic products such as plastic film rolls for food packaging, the plastic industry and masterbatch industry have developed to a certain extent. As is known to all, a masterbatch is a kind of coloring product widely used in the field of plastics, and chemical fiber fields. It has played an important role in reducing the raw material cost and process cost for the injection molding industry, which is very suitable for the current market demand.
After knowing the basic information about the masterbatch just like plastic white color masterbatch, you may be eager to know which industry has contributed to promoting the development of the masterbatch industry. So, let's talk about the three main forces promoting the development of the masterbatch industry.
The first force is the home appliance industry. There is no doubt that plastic materials are applied to varying degrees in the family's TV, washing machine, microwave oven, fan, audio, etc., and the masterbatch such as color masterbatch for plastic material naturally plays an important role in our daily life. For example, the masterbatch can make sure the uniform and stable color of the home appliance shell and greatly improve performance.
The second force is the automobile industry. When it comes to the automotive industry, at present, the automotive industry is an important supporter in the field of masterbatch such as black color functional masterbatch. In order to reduce the weight of the car itself, plastic has become one of the lightweight materials of the car. Some people might know that masterbatch and plastic are directly linked and inseparable. Therefore, with the development of plastic products for example Plastic Filler Masterbatch For Blown Film and Color Masterbatch for Plastic Films, masterbatch will also be developed accordingly.
The third force is the plastic packaging industry. Needless to say, the development prospects brought by the color, performance, and adaptability of plastic packaging have greatly promoted the demand development of masterbatch such as masterbatch for PP injection molding.
All in all, I am sure that you have known more about masterbatch and its supportive industries including the home appliance, automobile, and plastic packing industry. As far as I am concerned, masterbatch such as functional masterbatch for injection molding can be applied to more fields in the future to promote industries to develop. Therefore, you may also want to know the prospect of masterbatch. Then, the estimation of masterbatch market size has been given.
The masterbatch industry is projected to reach USD 14.3 billion by 2025, at a CAGR of 5.1% between 2020 and 2025. As is shown above, the increasing automobile production greatly enhances the masterbatch industry. To be frank, the shift of European automobile suppliers to low-cost markets of Asia are expected to support the growth of the masterbatches market in automotive application such as optical brightener masterbatch.
With the help of high technology, I am confident that the masterbatch industry will have a promising future. There is no doubt that customers may have higher requirements as time passes by. As a result, plastic masterbatch manufacturers should pay more attention to their products so that they can maintain their market share and successfully survive.