The global masterbatch market is projected to witness a considerable growth rate by exhibiting a significant CAGR of 4.1%, during the forecast period. Global Masterbatch Market is majorly driven by technically advanced new development. New development strategy is the core strength of major market players to have a competitive edge over their competitors. Moreover, as R&D for product development requires huge capital expenditure, the key players are rapidly adopting growth strategies such as mergers, collaboration, and partnership in order to strengthen their revenue.
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The demand for masterbatch and plastics in the construction sector, flooring performance safety windows, pipes, doors, cables, and storage tanks is growing rapidly. The demand for masterbatch material type is increasing due to rising consumer awareness about attractive interiors. The increasing usage of masterbatch by polymer manufacture and increasing use of color into engineer polymer market is driving the masterbatch market. Masterbatch is used by different technologies include injection, spinning, and blow. Among all the application, packaging accounts for the largest share and it uses all type of masterbatch.
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• In March 2019, Ampacet Corp. started a new additive production line and the company largest production site in Europe. This production enables the company to improve and enhance the overall customer experience.
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• In May 2019, Clariant International Ltd. has enhanced its masterbatch production facility in Guangzhou, China for manufacturing and supply of black masterbatch which has high demand in a large number of consumer good and it will enable to meet the increasing demand from customers.
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• In October 2018, Cabot Corp. acquired Chinese NSCC carbon and carbon black manufacture from Nippon steel carbon co. this acquisition will enable to enhanced its production facility in China and increased the production of masterbatch.
• In April 2018, Tosaf Group launched its new product anti-fog masterbatch AF7380PE for packaging applications and it enables to reduce the harmful effect of water drops on the packaging and it is a wide range of production processes.
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• In December 2017, A Schulman has made a significant expansion of masterbatch production capacity in France that is the largest masterbatch plant in Europe. The strategy of the company will enable to meet the demand of customers and adopted the strategy of serving the customer with a faster and better through technical expertise and increased volume. In August 2018, LyondellBasell has completed the acquisition of A Schulman Inc.
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• In January 2019, BASF SE had opened a new antioxidants manufacturing plant in Shanghai, China that has a capacity of 42000 tons. This plant was opened for the production of antioxidants forms and blends for the plastic additives.
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Global Masterbatch Market- Segmentation
By type
• White
• Black
• Color
• Additive
• Filler
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By Polymer
• Polypropylene (PP)
• Polyethylene (PE)
• Polyvinyl Chloride (PVC)
• Polyurethane (PU)
• Polyethylene Terephthalate (PET)
• Others (Polycarbonate and Polyamide)
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By Application
• Packaging
• Automotive
• Consumer Goods
• Building & Construction
• Textile
• Others (Agriculture)
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Global Masterbatch Market– Segment by Region
North America
• United States
• Canada
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Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
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Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
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Rest of the World
Company Profiles
• Americhem
• Ampacet Corp.
• BASF SE
• Cabot Corp.
• Clariant International Ltd.
• Coperion GmbH
• Hubron International Ltd
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