Industry News

Integral Technologies Forms Strategic Alliance with Nova Polymers

United States: Electriplast, a wholly owned subsidiary of United States based Integral Technologies, that is engaged in development, commercialization and licensing of electrically conductive hybrid plastics for various applications, have contracted a long term strategic alliance with the US based Nova Polymers for expansion of manufacturing operations at the Indiana campus of Nova Polymers. According to this deal, Nova Polymers would provide production and laboratory examining services to the anti-static and static dissipative product line of Electriplast. Additionally, Nova Polymers would supply resin, colour and blending services for the new ElectriPlast formulations.

TechSci Research depicts that the strategic alliance would help Electriplast in improving the quality of its products. This strategic alliance would also expand the production capacity of Electriplast, which in turn would help the company in catering to the demand generated by its customer in timely and efficient manner. 

According to the recently published report by TechSci Research, “Global Masterbatch Market By Type, By End User, By Region, Competition Forecast and Opportunities, 2011 - 2021”, the global masterbatch market size is estimated to cross US$ 16 billion in 2016. Segment-wise, white masterbatch dominated the overall market in 2015, and this trend is anticipated to continue through 2021. White masterbatch demand is growing due to their ability to provide opacity as well as base color to plastics used extensively in milk pouches, milk bottles, plastic bags, food material packaging and pharmaceutical packaging. In 2015, Asia-Pacific region dominated the global masterbatch market on account of growing demand for innovative and attractively packaged food items, increasing investments in the region and easy availability of low-cost labor.

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