30th August 2019 – The global masterbatch
market size is expected to value at USD 15.81 billion by 2025, during
the forecast period. The 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, rise in the 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
6.6% 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 due to vital properties associated with its adoption that
include antistatic, anti-foaming, anti-oxidant, antimicrobial, thermal
stabilizer, and barrier properties. 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 masterbatch market over the forecast
period.
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Masterbatch is important variant in
different 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 impact 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 industry 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 are focusing on appealing product packaging to draw
potential customers, to gain maximum profit for their products. Adoption of
masterbatches alongside various makes an attractive packaging is considered as
one of the key factors for the expansion of this 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 industry are A. Schulman Incorporations, Ampacet Co., Cabot Co.,
Clariant AG, Plastiblends India Limited, and Global Colors Group.
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