Color masterbatch is the preferred material for coloring plastics. my country is the world’s fastest-growing market for color masterbatch and functional masterbatch, and the largest producer and consumer of these products in Asia. The Color Masterbatch Professional Committee of the China Dyestuff Industry Association predicts that the global color masterbatch market will reach RMB 124.112 billion by 2028, with a CAGR of approximately 5.21%, while China’s market size is expected to grow from RMB 36.013 billion to RMB 48.4 billion. Several influential companies exist in the domestic plastic master batch manufacturers.
1. Malion New Materials
Guangdong Malion New Materials Co., Ltd., a leader in the domestic color masterbatch industry, successfully listed on the Shenzhen Stock Exchange’s ChiNext board in 2017, becoming the first listed domestic company primarily engaged in color masterbatch products. According to its 2024 annual report released on April 22, 2025, Meilian New Materials’ total operating revenue was RMB 1.729 billion, a year-on-year decrease of 7.55%, and its net profit attributable to the parent company was RMB 35.8112 million.
Suitable Customer Types
Malion New Materials is better suited for large and medium-sized plastic processing enterprises that require multi-category masterbatches, long-term bulk purchases, and comprehensive plastic coloring solutions.
2. Poly
Suzhou Poly Materials Technology Co., Ltd. was listed on the Shenzhen Stock Exchange’s ChiNext board in 2020. It has five production bases in Suzhou (Jiangsu), Xiamen (Fujian), Suqian (Jiangsu), Turkey (overseas), and Jiujiang (Jiangxi). The company focuses on the R&D and production of fiber masterbatches, including black, colored, white, and functional masterbatches, mainly used for solution coloring and functional modification of chemical fibers. According to its 2024 annual report released on April 15, 2025, Poly’s total operating revenue was RMB 1.36 billion, a year-on-year increase of 13.86%, and its net profit attributable to the parent company was RMB 114 million.
Suitable Customer Types
Poly is better suited for manufacturers of chemical fibers, spinning, nonwoven fabrics, textile materials, and functional fibers. Suzhou Poly Materials Technology Co., Ltd. was listed on the Shenzhen Stock Exchange’s ChiNext board in 2020. It has five production bases in Suzhou (Jiangsu), Xiamen (Fujian), Suqian (Jiangsu), Turkey (Overseas), and Jiujiang (Jiangxi).
3. Ningbo Color Masterbatch
Ningbo Color Masterbatch, listed on the Shenzhen Stock Exchange’s ChiNext board in 2021, is a leading domestic manufacturer of plastic color masterbatches, holding the number one market share in colored masterbatches for many consecutive years. Main business: R&D, production, and technical services of color masterbatches; products cover colored masterbatches, black masterbatches, and white masterbatches; downstream applications include plastic packaging, home appliances, and automotive parts. According to its 2024 annual report released on April 15, 2025, Ningbo Color Masterbatch’s total revenue was RMB 493 million, a year-on-year increase of 9.28%, and its net profit attributable to the parent company was RMB 101 million.
Suitable Customer Types
Ningbo Color Masterbatch is more suitable for home appliance, daily necessities, packaging, and plastic parts manufacturers with high requirements for color accuracy, color consistency, and customized formulations.
4. Ngai Hing Hong
Ngai Hing Hong is a Hong Kong-listed company primarily engaged in plastic raw materials and related products, operating through four business segments: plastic raw materials, colorants, engineering plastics, and logistics services. Its subsidiary, Xiamen Yixingxing, has a monthly production capacity of 4,200 metric tons of color masterbatch and color powder, equipped with a computerized color matching system, giving it a significant technological advantage. According to its interim report for 2024/2025, the company’s revenue was HK$705,051,000.
Suitable Customer Types
Ngai Hing Hong is more suitable for consumer electronics, home appliances, toys, plastic parts, and engineering plastics processing companies.
5. Nuoxin New Materials
Founded in 2014, Nuoxin plastic master batch manufacturers’ main business is the research, development, production, and sales of thermoplastic finished products and functional polymer composite materials such as color masterbatches. Nuoxin’s color masterbatch business is mainly conducted in Jinan, Shandong Province, focusing on the research, development, production, and sales of color masterbatches. Its stable monthly supply capacity exceeds 3,000 tons. According to its annual report, Nuoxin’s color masterbatch business segment achieved operating revenue of RMB 247 million, a year-on-year increase of 18.94%.
Suitable Customer Types
Nuoxin is more suitable for blown film manufacturers, injection molding plants, blow molding plants, pipe manufacturers, plastic packaging companies, recycled plastic processing companies, and overseas distributors requiring OEM, customized formulations, and bulk purchases.
6. Comparison of Five Plastic Masterbatch Manufacturers
| Manufacturer | Main Product Focus | Core Advantages | Best Suited For |
|---|---|---|---|
| Malion New Materials | Black, white, color and functional masterbatches | Comprehensive product portfolio, integrated coloring solutions and standardized management as a listed company | Medium and large plastic processing companies requiring multiple masterbatch categories |
| Poly Plastic Masterbatch | Fiber masterbatches and functional fiber masterbatches | Strong expertise in dope-dyed fibers, functional modification and domestic and overseas production | Chemical fiber, spinning, textile material and nonwoven manufacturers |
| Ningbo Color Masterbatch | Color, black, white and functional plastic masterbatches | Customized color matching, consistent color quality and extensive plastic coloring experience | Home appliance, packaging, household product and plastic component manufacturers |
| Ngai Hing Hong | Color masterbatches, pigment powders and engineering plastics | Computerized color matching, integrated plastic material services and an established regional service network | Consumer electronics, appliances, toys and engineering plastic processors |
| Nuoxin New Materials | Black, white, color, filler and desiccant masterbatches | Flexible customization, stable bulk supply and strong compatibility with PE and PP applications | Film blowing, injection molding, extrusion, recycled plastic processing and overseas distributors |
Summary
For chemical fiber and spinning companies, the filtration performance and temperature resistance of fiber masterbatches are more important; for home appliance and plastic parts companies, color accuracy and customized development capabilities are the main considerations; for blown film, injection molding, extrusion, and recycled plastic processing companies, the focus should be on product compatibility, batch stability, supply capacity, and overall cost of use.
The truly suitable plastic master batch manufacturers are not necessarily the largest company, but rather a long-term partner that can provide stable products, reasonable formulations, and timely technical support based on the customer’s base resin, processing equipment, end products, and cost targets.