The Global Masterbatch Market is subject to witness a substantial growth due to the rise in the demand for plastics to substitute metal in end-user industries such as automobile, construction, consumer’s goods, and packaging. Additionally, the rise in demand from various regions across the globe are key factors responsible for the growth of the market in recent years.
Color masterbatch is one of the fastest growing segment with substantial revenue generation in recent years. Globally, the market is predicted to grow at CAGR of 5.9% in forecast period, providing numerous opportunity for market players to invest for research and development in the masterbatch market.
Rising demand associated with enhancement in the surface appearance of plastic components in various industries is anticipated to boost demand of the masterbatch market over the forecast period. Additive masterbatch is considered as one of the fastest growing segment of the masterbatch market due to vital properties associated with its adoption that include antistatic, anti-foaming, anti-oxidant, antimicrobial, thermal stabilizer and barrier properties.
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Other important properties such as metal deactivators, anti-blocking agent, flame deterrence, ultra-violet stabilizer, oxygen scavenger, and erosion resistance are also contributing to rising demand of additive masterbatch. With recent advancements in the plastic packaging sector are expected to propel growth of market over the forecast period.
Masterbatch is an important variant in end-user industries including packaging sector, construction sector, consumer goods market, automobile, and crop harvesting. Rising adoption of the masterbatch is directly related to its functional properties like smoother surface finish and desired hardness. Rising preference towards packaged goods by consumers is predicted to affect the need for different plastic products. In such cases, adoption of masterbatches to enhance overall surface appearance of the plastic component has become vital. Such factors are tremendously contributing to the growth of masterbatch market demand in recent years.
There has been a substantial growth in packaging sector across the globe on the account of increase in e-commerce business. Numerous organizations are now focusing on product appeal and packaging to draw potential customers and to gain maximum profit for their products. Adoption of masterbatches alongside makes an attractive packaging is considered as one of the key factors for the expansion of the market.
Rise in the popularity of different variants of polyethylene including high density polyethylene, low-density polyethylene, and linear polyethylene, has accounted for increase in the adoption of polyethylene as a carrier polymer in various end-user industry segments. Polyethylene products allows of different shades formation during packaging that leads to easy product differentiation, thus driving growth the color masterbatch market segment over the forecast period. Adoption of polyethylene during automobile manufacturing is vital to make the surface of a vehicle glossy.
Masterbatch (MB) is commonly termed as a solid or liquid additive that is utilized for coloring plastics and improving properties of plastics. Masterbatch is majorly differentiated between two categories such as addictive masterbatch and color masterbatch. Procedure involving production of masterbatch include formation of concentrated mixture consisting of pigments and additives that are compressed together at high temperature. This leads to formation of a carrier resin, later cooled and sliced into a granular shape. Masterbatch offers coloring of raw polymer economically during manufacturing processes.
The market is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. Europe has shown major growth in recent years owing to the rise adoption of latest methodologies and existence prominent industry players in the region. Asia-Pacific region is predicted to hold major market share in the masterbatch market with massive growth in forecast period.
Countries such as India, China and Singapore are leading the Asia-Pacific market with increasing growth of packaging industry, consumer good market, and automobile sectors along with rise in building and construction activities. The key players in the masterbatch market are A. Schulman Incorporations, Ampacet Co., Cabot Co., Clariant AG, Plastiblends India Limited, and Global Colors Group.
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• Consumer Goods
• North America
• Asia Pacific
• Middle East and Africa
• South America
• PolyOne Corporation
• Cabot Corporation
• A. Schulman
• Ampacet Corporation
• Penn Color
• Plastiblends India
• Tosaf Group
• Plastika Kritis
• Ningbo Color Master
• Shandong Dawn
• Shandong Chunchao
• Ngai Hing Hong
• Alok Masterbatches
• Global Colors Group
• Lehmann & Voss
• Prayag Polytech
• RTP Company
• request free sample to get a complete list of companies
Key Questions Answered in this Report
• What will the market size be in 2022?
• What are the key factors driving the global masterbatch market?
• What are the challenges to market growth?
• Who are the key players in the masterbatch market?
• What are the market opportunities and threats faced by the key players?
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/chemicals-and-materials
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