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The masterbatch market is projected to grow at a CAGR 4.87% rate during the forecast period. Masterbatch is a blend of pigments, additives, and polymer materials (carrier resin). It is widely used in applications such packaging, building & construction, consumer goods, automotive, textile, and agriculture to strengthen the properties of plastic and to impart color. Color, white, black, additive, and filler are the different types of masterbatches based on the properties and functionality. The polymer-based masterbatch is used because of its easy processing with different plastics.
By type, the market has been segmented into color, white, black, additive, and filler. The color segment is expected to register highest market share during the forecast period, in terms of value. This is attributed to increasing use of color masterbatch in various applications such as packaging, building & construction, automotive, consumer goods, agriculture, and textile among, others.
On the basis of application, packaging segment is accounted for the largest market share, in terms of value, followed by the building & construction segment, in 2017. Growing demand for packaging in food & beverage, personal care, medical, household, electrical & electronics, building & construction, automotive, and other industries is expected to fuel the growth of the market. The emerging countries are developing the infrastructure by using masterbatch in the building & construction application.
APAC is estimated to be at the leading position in market in 2018 and is expected to continue to lead the market till 2023. Countries such as India, China, and Taiwan, are witnessing strong demand for packaging, which is a key application of masterbatch and hence boost the growth of the market. Increased purchasing power of consumers and rise in the middle-class population in this region is also increasing the demand for plastic products in APAC.
Key players in the Masterbatch Market are Clariant AG (Switzerland), Ampacet Corporation (US), A.Schulman, Inc. (US), Polyone Corporation (US), Cabot Corporation (US), Plastika Kritis S.A. (Greece), Plastiblends India Ltd (India), Hubron International (UK), Tosaf Group (Israel), and Penn Color, Inc. (US).
Key Questions Addressed by the Report
- What are the major developments impacting the market?
- Where will all these developments take the industry in the mid- to long-term?
- What are the upcoming types of masterbatch?
- What are the emerging applications of masterbatch?
- What are the major factors that will impact market growth during the forecast period?
2. Research Methodology
Limitation and Assumptions
3. Executive Overview
4. Market Overview
5. Masterbatch Market, By Application
Building & Construction
6. Masterbatch Market, By Type
7. Masterbatch Market, By Polymer
Low-Density Polyethylene & Linear Low-Density Polyethylene
8. Masterbatch Market, By Region
Rest of Europe
Rest of APAC
Rest of Middle East
Rest of the World
9. Company Profiles
Plastika Kritis S.A.
Penn Color, Inc.
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