The automotive industry drives demand for black masterbatch and the market size will exceed 20 billion yuan

Masterbatch is a polymer composite coloring material that uses resin as a carrier, adds a high proportion of pigments, dispersants and functional additives, and is made through high-speed mixing, melting, extrusion, cooling and granulation. It has a coloring effect. It is widely used in the field of coloring plastic products due to its advantages of good performance, energy saving, environmental protection, and easy storage and transportation.

Black masterbatch is a type of color masterbatch. Black masterbatch is produced by injection molding of carbon black, carrier and additives. Black masterbatch is widely used in the plastic processing industry, such as injection molding, extrusion Molding and blow molding, etc., are widely used in injection molding of automobile plastic parts, extrusion molding of plastic pipes, production of agricultural mulch films and geotechnical materials.

Automobiles are the largest application area of ​​black masterbatch. On the one hand, plastics have superior mechanical, physical, thermal and electrical properties than metals. On the other hand, plastics have better design, safety and environmental sustainability than metals. As the demand for lightweight automobiles continues to grow, the use and application scope of plastics in the automotive field is increasing. Black masterbatch is one of the important raw materials for automobile plastic production and is widely used in steering wheels, airbags, seat belts, Black masterbatch is used in parts such as bumpers and instrument panels. In the future, the automotive field will remain the world’s largest application area for black masterbatch, driving the continued growth of the global black masterbatch market.

China is the world’s largest producer and consumer of black masterbatch. Since the 21st century, China’s chemical industry has developed rapidly. Currently, there are more than 1,000 color masterbatch manufacturers and more than 100 black masterbatch manufacturers. Production capacity and output rank first in the world. However, China’s black masterbatch market has not yet formed an absolute dominance. . In terms of demand, China is the world’s largest automobile manufacturing country, and the scale of black masterbatch used in automobiles is huge every year. Secondly, China is a global manufacturing country. The demand for black masterbatch in industry, agriculture, electronics, packaging and other industries is also relatively large, resulting in China It has become the world’s largest consumer of black masterbatch, and its market size leads other countries in the world. In the future, with the continuous development of China’s economy, China’s black masterbatch production scale and demand scale will continue to grow at a rapid rate, and maintain the world’s number one market position with stable development, which is the main driving force for the stable growth of the global black masterbatch market. .

Europe is the world’s second largest black masterbatch market, with major countries in the region including Germany, France, the United Kingdom and Spain. Due to the relatively developed automobile industry in Europe and the emphasis on environmental protection in Europe, Europe has always been the main demand market for black masterbatch. In recent years, major European automobile manufacturers have begun to vigorously develop electric vehicles. Electric vehicles have higher demand for lightweight and higher plastic usage. In the future, as the European market continues to increase the production of electric vehicles, Europe’s demand for black masterbatch There will be a significant increase in demand.

Industrial Research Center released the “Black Mother Nature 2021-2025” The “In-depth Market Research and Investment Strategy Suggestions Report on the Grain Industry” shows that black masterbatch is an environmentally friendly, economical and practical polymer composite coloring material. In recent years, it has been used in automobiles, packaging, agriculture, With the continuous development of electronics and other industries, the global black masterbatch market continues to grow. In 2020, the global black masterbatch market has exceeded 15 billion yuan. In the future, with the continuous development of downstream industries and the growth of demand in major black masterbatch markets such as China and Europe, the global black masterbatch market will be driven to further growth. It is expected that the global black masterbatch market will exceed 200 million in 2025. billion.