According to a new market report published by Lucintel, the future of the global masterbatch market is attractive with opportunities in various end use industries, including packaging, building and construction, consumer goods, transportation, electrical and electronics, and textiles industries. The global masterbatch market is expected to reach an estimated $10.9 billion by 2022 and it is forecast to grow at a CAGR of 4.2% from 2017 to 2022. The major driver for growth of this market is increasing demand for plastic as substitutes for various materials like metal, concrete, and steel in various end use industries.
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In this market, packaging, building and construction, consumer goods, transportation, electrical and electronics, and fiber and textiles are the major end use industries. On the basis of its comprehensive research, Lucintel forecasts that the packaging is expected to remain the largest segment by value and volume and will experience the highest growth over the forecast period supported by increasing consumption of packaged consumer goods.
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By product type, color, black, white, and additives are the major masterbatch utilized to manufacture plastic products. Color masterbatch is expected to be the largest market by value and volume because it’s used for special effect and colors to distinguish products.
By carrier resin type, polyethylene (PE), polypropylene (PP), and polystyrene (PS) are the major carrier resin utilized to manufacture masterbatch. PP resin is expected to be the largest market by volume due to growth in demand of PP based plastic products.
Asia Pacific (APAC) is expected to remain the largest region by value and volume; APAC is also expected to experience the highest growth over the forecast period due to growth in end use industries. Increasing urbanization, rising construction and infrastructure activities, changing consumer lifestyles, economic development, and demand for plastic products especially in China and India are the major growth drivers.
Emerging trends, which have a direct impact on the dynamics of the industry, include growing demand of anti-shrinkage and flame retardant masterbatches for PP pipes and PC sheets, and increasing demand for biodegradable masterbatch products. Clariant AG, Polyone Corporation, A.Schulman, Ampacet Corporation, and Cabot Corporation are among the major suppliers of the masterbatch market.
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The study includes a forecast for the global masterbatch market by product type, process, carrier resin, end use industry, and region as follows:
By Product Type (Volume (Million Pounds) and $M shipment analysis for 2011- 2022):
By End Use Industry [Volume (Million Pounds) and $M shipment analysis for 2011- 2022):
- Building and Construction
- Consumer Goods
- Electrical and Electronics
- Fiber and Textiles
By Carrier Resin (Volume (Million Pounds) shipment analysis for 2011- 2022):
- Polyethylene (PE)
- Polypropylene (PP)
- Polystyrene (PS)
- EVA(Ethyl vinyl acetate)
- ABS(Acrylonitrile butadiene styrene)
- SAN (Styrene Acrylonitrile)
By Process (Volume (Million Pounds) shipment analysis for 2011- 2022):
- Film Extrusion
- Blow Molding
- Injection Molding
- Pipe, Conducit, and Tubing
- Extrusion Coating
- Sheet and Thermofoming
- Wire and Cable
- Rotational Molding
- Other Extrusion
By Region (Volume (Million Pounds) and $M shipment analysis for 2011- 2022):
- North America
- Asia Pacific
− South Korea
- Rest of the World
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This 186-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email@example.com
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