As an important additive in plastic processing, masterbatch plays an important role in improving the color richness, physical properties and processing efficiency of plastic products. At the National Plastic Coloring and Masterbatch Academic Technology and Trade Information Exchange Conference held last week, the Masterbatch Special Committee comprehensively analyzed the production and sales status of the global and Chinese masterbatch markets based on 2023 data, and made a Future development trends are predicted to provide decision-making reference for industry participants.

In 2023, global masterbatch production will be close to 6.8 million tons, showing strong market demand. From the perspective of geographical distribution, foreign production accounts for as high as 64%, showing the highly internationalized characteristics of global masterbatch production. As a major global manufacturing country, China's masterbatch production is approximately 2.4 million tons, accounting for 18% of the global total. Among them, the output of member companies of the Masterbatch Special Committee is approximately 1.2 million tons, accounting for 18%, reflecting It has established the important position of China's masterbatch industry at home and abroad.

Global masterbatch market sales will reach 96.9 billion yuan in 2023, of which foreign markets account for 60.9%, slightly higher than the output share, reflecting the higher added value of foreign markets in masterbatch products. Sales in the Chinese market (excluding members of the special committee) were 37.9 billion yuan, accounting for 24.7%, showing the huge consumption power and growth potential of the Chinese market. The sales volume of the member companies of the Masterbatch Special Committee is 14 billion yuan, which not only occupies a large share of the domestic market, but also accounts for 14.4% of the global market, demonstrating the competitiveness of the member companies of the Special Committee.

It is predicted that the global masterbatch market size will grow at an average annual compound growth rate of 5.21%, reaching 124.112 billion yuan by 2028. The growth of the Chinese market is particularly significant, with sales expected to increase from 36.013 billion yuan to 48.4 billion yuan, reflecting the continued expansion of China's plastics industry and the increasing demand for high-quality masterbatch. The sales of the 100 companies counted by the Masterbatch Special Committee have accounted for 37% of the domestic market and 14.4% of the global market, indicating the positive role of the Special Committee platform in promoting industrial upgrading and enhancing international competitiveness.

In 2023, global masterbatch production will be close to 6.8 million tons, showing strong market demand. From the perspective of geographical distribution, foreign production accounts for as high as 64%, showing the highly internationalized characteristics of global masterbatch production. As a major global manufacturing country, China's masterbatch production is approximately 2.4 million tons, accounting for 18% of the global total. Among them, the output of member companies of the Masterbatch Special Committee is approximately 1.2 million tons, accounting for 18%, reflecting It has established the important position of China's masterbatch industry at home and abroad.

In summary, the global masterbatch market has shown steady growth, and China, as an important participant and contributor, has become increasingly prominent in the market. As a gathering place for industry elites, the Masterbatch Special Committee not only plays a leading role in the domestic market, but also shows strong influence on the international stage. In the future, with the continued development of the global plastics industry and the increasing demand for environmentally friendly and high-performance materials, the masterbatch industry will face more opportunities and challenges.