Global Masterbatch Market Size – Industry Trends & Forecast Report 2027
The Global Masterbatch market size is expected to take a surge at a CAGR of xx% till 2027 with an approximate value of USD xx till the forecast year. The various factors which would drive this growth would be the bright colors of the products, the dispersibility in products, the absence of color difference on surfaces of products, low cost, etc.
Global Masterbatch Market Overview
The market for global Masterbatch is anticipated to grow at a significant CAGR, in the projected period. The market growth would be mainly because of the attributes, which masterbatch owns. Like low labor intensity, environmentally safe, the convenience of color replacement. Additionally, the crucial masterbatch compositions are pigment, dispersant which is a resin. This does drive the demand or the applications of resin as well. The pigments are segmented into organic pigments and inorganic pigments, where organic pigments are macromolecular red, phthalocyanine green, phthalocyanine blue,
lightfast red, macromolecular red, macromolecular yellow, permanent yellow, Azo, and Permanent purple; these are majorly used for dyeing of plastic. Inorganic pigments consist of cadmium red, cadmium yellow, titanium dioxide, carbon black, iron oxide yellow, and iron oxide red, these are used for dyeing.
Masterbatch is a solid supplement used majorly for plastic coloring (color masterbatch) or imparting the characteristics of plastic (additive masterbatch). The masterbatch is a concentrated mix of pigments or/and additives encased/encapsulated during a heat process into a carrier resin, which is later cooled and shaped into a granular shape eventually. Usage of masterbatch allows the processor to color raw polymer economically during the manufacturing process of plastics, polymers, etc.
Global Masterbatch Market Forecast and Trends
Increased demands for Plastics from Pharma and related Industry
There are plenty of factors, which are responsible for the Global Masterbatch market growth. The factors are inclusive of construction activities for all industrial, residential, and commercial purposes. With the increase in demand for automobiles, especially lightweight vehicles, and the increasing preference for plastic goods and products worldwide. in hindsight, there are the fluctuating rates of raw materials like polymers, titanium oxide, and others with a high volatile nature may project some challenges to the overall market growth, at some point. However, the increased demand for packaging plastics from market segments such as pharmaceuticals, beverages, and food are likely to emerge as lucrative growth opportunities for the relevant market.
Increased Demands for lightweight Vehicles
As per the modifications in high-end technology is taking place abruptly. Transportation has become a significant part of urban society, and that the number of advancements being made in this vertical is evident for that. With that, there’s an increase in demand for light weighing vehicles, due to properties they possess. Such as being fast, being able to work on solar power or batteries, etc. The escalation of these vehicles has been addressed due European Union’s concern for the reduction of greenhouse gases, that are emitted from conventional or heavy vehicles. Therefore, all this led to more adaption of plastic components in vehicles for the exchange of metal parts. All of this shows the growth opportunities for the forecast period; additionally, the increasing prices of fossil fuels and their subsequent scarcity caused by the overuse would support this growth in the automobile/transformation industry.
Complexity faced when using color masterbatch
The major disadvantage faced by the masterbatch market is that when using color masterbatch instead of pure plastic pigment in plastic manufacturing processes. The color masterbatch’s presence in the mixture requires more space to settle as compared to pure pigments. Color masterbatches are often known for their excellent extended lead period. As contrary to the pure pigment, the color masterbatch is usually associated with an additional exposure of heat for both additive and carrier purposes. Therefore, the application of color masterbatch is usually connected to the coloring of plastic products that have very well thermal stability.
Impact of COVID 19 on Industry
The rise and spread of COVID-19 have led to decreasing rates of utilization rates of refineries across the globe, resulting in supply shortages for various end-use sectors. The health crisis has hit on a different note leading to a sudden spike in demand for olefins which find usage in the formulation of sanitizers and other cleaning products. Additionally, the global industries are more focused on providing the world population with necessities, vaccines, and related medication. The markets such as Masterbatch could face impact either positive or negative. Based on the requirements of global industries, it is yet to determine. But the report will account for Covid19 as a contributor, which will be well analyzed.
Global Masterbatch Market Segmentation: By Type
Based on type, the masterbatch is divided into Additive, Black, Color, White, and Fillers. Depending on the color or certain functional properties, they impart to the base polymer, such as Color masterbatches are often used in the manufacturing of automotive, food & beverages packaging applications, appliances and pharmaceuticals, and related packaging. Then we have Black masterbatches, which are used in building & construction, automobiles, appliance industry, and consumer products.
The color masterbatches are produced in many forms, depending on the aesthetic, functionality requirement of the final product. Then filler masterbatches bring the cost reduction and chosen as per the demand of the design for the product. Additionally, filler masterbatches offer better properties such as anti-fibration, stiffness, etc.
Global Masterbatch Market Segmentation: By Application
In terms of application. The market is segmented into Packaging, Building & Construction, Automotive, Consumer Goods, Textile, Agriculture. Where the packaging segment is anticipated to have growth in the projected period. Moreover, the building & construction segment is also expected to swell at a fast pace, in the forecast timeframe, due to the rising demands of urbanization, remodeling, and re-settling projects taking place globally. Plastics are not only used in building & construction but during the storage of many products as well, as they protect well from exposure to extreme temperatures, moisture, oxidation, UV light, etc. It will surely escalate the growth of the relevant market.
Global Masterbatch Market Segmentation: Regional Analysis
The market size of Asia for Masterbatch was at a value of 3,998.14 Million in the year 2018, and as a reflection to which it is again expected to reassert its dominance once again in the projected period. The presence of countries such as China, India, and Taiwan would be responsible for this growth. Additionally, the increase in expenditure money and purchasing power among the populations will eventually pump the demand, and hence the market would witness the expected rates of growth. However, along with the Asia Pacific, the European market will also witness a significant amount of growth by the year 2026, cause of the increase in demand in with region concerning various end-user industries present there which are flourishing year by year.
● Due to the COVID, 19 outbreak many front-line workers such as doctors, nurses, medical & healthcare staff, cleaning people were at risk of getting the virus but still risked their lives and continued to do their jobs. So, Primex-leading brand for color, compounds & additives developed, designed, and scheduled mass production of face shields to be used with special protective helmets at Reid. And word spread, the company is also preparing for the production to help other healthcare providers, workers, etc.
● In December of last year, PolyOne Corp. a leading global polymer production, services, and solutions provider company announced that it has acquired Clariant color a Masterbatch additives company. To offer better solutions and tech-related services globally and expand its market reach in apparels, healthcare, and packaging.
The leading market players for the global Masterbatch market are Ampacet Corporation, A. Schulman, Inc., Clariant, PolyOne Corporation, Cabot Corporation, Creta Plastics, Tosaf Compounds Ltd., Dainichiseika Color & Chemicals Mfg. Co., Ltd. Penn Color Inc., Plastiblends, RTP Company, Primex Color, Compounding & Additives, K.D. FEDDERSEN, Hubron International, High Technology Masterbatches S.L., AMERICHEM, Astra Polymers, Jiangsu Pulaike Hongmei Masterbatch Co., Ltd., CONSTAB, Alok Masterbatches Pvt.Ltd, Vanetti S.p.a., Rajiv Plastic Industries among many others.
Scope of the Report
Historical data – 2016-2019
Base Year – 2020
Forecast – 2020 – 2027
Revenue in USD Billion
U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, Argentina, UAE, South Africa, Saudi Arabia.
By Type, By Application, By Region
The leading market players for the global Masterbatch market are Ampacet Corporation, A. Schulman, Inc., Clariant, PolyOne Corporation, Cabot Corporation, Creta Plastics, Tosaf Compounds Ltd., Dainichiseika Color & Chemicals Mfg. Co., Ltd. Penn Color Inc., Plastiblends, RTP Company, Primex Color, Compounding & Additives, K.D. FEDDERSEN, Hubron International, High Technology Masterbatches S.L., AMERICHEM, Astra Polymers, Jiangsu Pulaike Hongmei Masterbatch Co., Ltd., CONSTAB, Alok Masterbatches Pvt. Ltd, Vanetti S.p.a., Rajiv Plastic Industries among many others.
Scope of the Report
● Building & Construction
● Consumer Goods
● Asia Pacific
● North America
● Middle East & Africa
● Latin America