The global masterbatch market exhibited moderate growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 5% during 2021-2026, according to the latest report by IMARC Group.
A masterbatch is a mixture of pigments, additives and carrier resins, which is widely used for coloring and protecting the polymer from harmful ultra-violet (UV) radiations. It is also used for enhancing the antistatic, antifog, antilocking, UV stabilizing and flame retardation properties of polymers. It is employed in the construction, automotive, textile, agriculture and food and beverage (F&B) industries across the globe.
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Market Trends
A masterbatch is used in the production of construction materials on account of its properties, which include electrical conductivity and resistance against high temperatures. In line with this, the increasing construction activities around the world are bolstering the market growth. Furthermore, stringent environmental regulations imposed by governments of several countries are encouraging automotive companies to use lightweight materials for reducing weight and increasing fuel efficiency. Plastics, produced from masterbatches, are utilized in the manufacturing of different automotive components. Apart from this, hectic lifestyles and inflating income levels are escalating the demand the packaged food items, which in turn, is expected to provide lucrative opportunities for the manufacturers operating in the industry in the upcoming years.
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Breakup by Type:
Color
White
Black
Additive
Filler
Breakup by Polymer Type:
PP
LDPE/LLDPE
HDPE
PVC
PUR
PET
PS
Others
Breakup by Application:
Packaging
Building & Construction
Consumer Goods
Automotive
Textile
Agriculture
Others
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being A. Schulman Inc., Americhem, Ampacet Corporation, Cabot Corporation, Clariant AG, Gabriel-Chemie, Hubron International, Penn Color Inc., Plastiblends India, Plastika Kritis S.A., Polyone Corporation, Polyplast Muller, RTP Compan and Tosaf Group, etc.
Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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