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AMI: Chinese masterbatch market continues to grow

Defying the financial crisis, China's masterbatch market continues to expand at an annual growth rate of 8%, down from the double-digit growth recorded in recent years, according to a new report by British market research company Applied Market Information (AMI, Bristol / UK; www.amiplastics.com).

Most of the country's 500 masterbatch producers are small-sized enterprises, AMI's research found, although the 50 leading companies control roughly half of local masterbatch production. The report further found that most of the plants, whether operated by a local or an international company, serve relatively local markets. Due to poor logistics and little long-distance supply, the researchers say it is not possible to speak of a "homogenous Chinese market”.

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