Global Masterbatch Market Size & Share 2018: Industry Type, Applications, Segments, Demand & Growth Analysis and Forecast to 2025

Global Masterbatch Market Size & Share 2018: Industry Type, Applications, Segments, Demand & Growth Analysis and Forecast to 2025

To colour or enhance other polymer features like UV stability, flame retardancy, antistatic and antilocking, masterbatches are solid or liquid mixtures of additives or pigments. Injection, blow, spinning, and other technological procedures can all be employed with masterbatches. Increasing demand for masterbatch is being driven by expanding end-user markets, such as packaging, automobiles, and health care. Increasing demand for plastics from the construction and luxury goods packaging industries is also propelling the masterbatch market. The global masterbatch market's largest end-user industry is packaging. Color and white masterbatches are the most often utilised masterbatches in the packaging sector. Color masterbatches are being increasingly sought after by food and beverage producers as they seek to improve the appearance of their products' packaging.

Among the masterbatch ingredients are pigments, a carrier, a dispersion, and other additives. Additive, colour, white, and black are the four main categories of masterbatch. Customized plastic products in industries like automotive, electronic appliances, textile, pharmaceutical packaging, and food and beverage packaging can be made using additive masterbatches. There are a wide variety of plastics that use colour masterbatche in their production, from automotive plastics to electronic appliances to food and beverage flexible packaging to pharmaceutical packaging. Construction, automotive, and electronic appliance industries use black masterbatche the most..

The European Union's concern about reducing greenhouse gas emissions is driving up demand for light vehicles around the world. Increasing the amount of plastic in a car's composition helps it to be lighter and emit less greenhouse gases while also improving its performance on the road. As a result, plastic components are increasingly replacing metal ones in automobiles. This indicates that the masterbatch market has potential for expansion throughout the foreseeable future (2014-2020). Rising oil prices and strict environmental rules relating to the non-biodegradability of plastics are creating substantial challenges to the growth of plastic industries, which is harming the masterbatch industry.

Since plastics are used in construction and automobiles, the demand for masterbatch in the Asia-Pacific region grew significantly in 2013. During the projected period, Asia Pacific, Latin America, and the Middle East are expected to experience strong growth rates.

The global masterbatch market is centralised in Europe and North America, whereas the Asia Pacific masterbatch market is fragmented, with China alone home to over 500 masterbatch producers. Rivalry in the masterbatch business is likely to decrease as a result of a large number of mergers and acquisitions taking place. A. Schulman Inc., Ampacet Corporation, Clariant International Ltd., PolyOne Corporation, GABRIEL-CHEMIE GROUP, Ferro Corporation and Americhem, Inc. are some of the prominent players in the worldwide masterbatch market.