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
- 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.
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- 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.
- 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.
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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.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2019–2024 (2019 estimated year, forecasted up to 2024)
Value (USD Million), Volume (Tons)
Type, End-User, and Region
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)
- Ampacet Corporation
- Schulman, Inc.
- Colourtone Masterbatch
- Hubron International
- Cabot Corporation
- Other Key Companies
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Masterbatch Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Masterbatch Market, by Type
Masterbatch Market, by Polymers
- Polypropylene (PP)
- High-density polyethylene (HDPE)
- Polyvinyl chloride (PVC)
- Polyurethane (PUR)
- Polyethylene Terephthalate (PET)
Masterbatch Market, by End User
- Consumer Goods
Masterbatch Market, by Region
- South Korea
- Rest of Asia-Pacific
- North America
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
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Table of Content
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
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