COVID19:Global Masterbatch Market is estimated to reach USD 12.9 Billion by 2024
Masterbatch Market: Summary
The Global Masterbatch Market is estimated to reach USD 12.9 Billion by 2024 at a CAGR of 5.2%.
Masterbatch is a solid product in which additives or pigments are optimally dispersed at a high concentration in carrier materials. Masterbatch are a type of additives which are produced in black, white, and various other colors. These variations in color additives are used to combine and form the desired color in target applications. Plastic is devoid of color and masterbatch is used to impart color and strengthen the properties of plastics in various applications. Masterbatch has become an integral part of polymer and aplastic manufacturing. Cost-effective, easy to use, less amount of waste, and similar other properties are some of the benefits offered by the masterbatch.
Masterbatch Market: Drivers & Restraints
Market Drivers:
- Rising Demand of Plastics from the Automotive Industry
Plastic is being used in the design and manufacturing of automotive vehicles. It has become more essential with growing stringent regulation and changing consumer demand for lighter, more affordable, and fuel-efficient vehicles. Fuel efficiency has become a vital characteristic in the automotive industry owing to rising fuel prices and stringent government regulations for lower gas emissions. However, a masterbatch is used for the manufacturing of plastic products which are been used in the manufacturing of automotive vehicles.
Thus, the rising consumption of plastics in the automotive industry is expected to surge the demand for masterbatch market growth during the forecast period.
Get Sample Copy of This Report @
https://www.forencisresearch.com/masterbatch-market-sample-pdf/
- Growing Packaging Demand from Food & Beverage Industry
Color and white masterbatch are commonly used in the packaging industry. Masterbatch is used in packaging plastics to enhance demand through attractive product packaging. This is achieved by using various types of custom colored masterbatch. Owing to the stringent regulations associated with health and safety, a masterbatch is used for both rigid as well as flexible packaging of food and beverage considering the food packaging grades. Additionally, bright colors of packaging materials help to achieve increased consumer attention in the department store shelves, thus promoting the product usage in the respective industry. Furthermore, increasing dependency on packaged food products and increasing disposable incomes are other factors boosting the market growth.
Hence, the consumption of plastics in the packaging industry is one of the factors expected to surge product demand during the forecast period.
Market Restraints:
- Availability of Low Quality and Cheaper Substitutes
Masterbatch is been used in various end-use industries such as automotive, construction, packaging, agriculture, and amongst others. Market players with enhanced coloring are making an impression on the end-use industries. With the growth, a strong challenge of local players coming with the availability of lower quality and cheaper products is expected to hinder the growth of the product market during the forecast period.
Masterbatch Market: Key Segments
- Based on Type: Color, White, Black, Additives, and Others
- On the basis of Polymer: Polypropylene (PP), High-density polyethylene (HDPE), Polyvinyl chloride (PVC), Polyurethane (PUR), Polyethylene Terephthalate (PET), and Others
- On the basis of End-user: Automotive, Construction, Textile, Agriculture, Consumer Goods, and Others
- Key Regions Covered: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.
Request for Methodology of Global Aerodynamic Market @
https://www.forencisresearch.com/masterbatch-market-request-methodology/
Masterbatch Market: Report Scope
The report on the Masterbatch Market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features
Specifics
Historical/Estimated/Forecasted Market Size Years
2017–2024
Base Year for Market Calculation
2018
Forecasted Period
2019–2024 (2019 estimated year, forecasted up to 2024)
Measured Units
Value (USD Million), Volume (Tons)
Segments Included
Type, End-User, and Region
Regional Coverage
Asia-Pacific, North America, Europe, Middle East & Africa, and South America
Key Companies Covered
- BASF SE (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- KKPC
- Clariant
- Plastiblends
- Ampacet Corporation
- Schulman, Inc.
- Tosaf
- PolyOne
- Colourtone Masterbatch
- Hubron International
- Cabot Corporation
- Other Key Companies
Consult with Analyst @
https://www.forencisresearch.com/masterbatch-market-request-methodology/
Masterbatch Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Masterbatch Market, by Type
- Color
- White
- Black
- Additives
- Others
Masterbatch Market, by Polymers
- Polypropylene (PP)
- High-density polyethylene (HDPE)
- Polyvinyl chloride (PVC)
- Polyurethane (PUR)
- Polyethylene Terephthalate (PET)
- Others
Masterbatch Market, by End User
- Automotive
- Consumer Goods
- Textiles
- Agriculture
- Construction
- Others
Masterbatch Market, by Region
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
- South America
- Brazil
- Argentina
- Rest of South America
Purchase this Premium Industry Research Report with Analysis @
https://www.forencisresearch.com/masterbatch-market-purchase-now/
Table of Content
1 Introduction
2 Research Design & Scope
3 Executive Summary
4 Market Dynamics
5 Industry Trends — Porters Five Forces Analysis
6 Masterbatch Market By Type, Market Size In Usd Million & Volume (2017–2024)
7 Masterbatch Market By Polymer, Market Size In Usd Million & Volume (2017–2024)
8 Masterbatch Market By Application, Market Size In Usd Million & Volume (2017–2024)
9 Masterbatch Market By Region, Market Size In Usd Million & Volume (2017–2024)
10 Competitive Landscape
11 Company Profiles
12 Appendix
About Forencis Research
Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.
Contact Us
FORENCIS RESEARCH
Phone: +1 (720) 306 9020
Email: info@forencisresearch.com
For more market research insights, please visit https://www.forencisresearch.com
