The global masterbatch market is projected to witness a considerable growth rate by exhibiting a significant CAGR of 4.1%, during the forecast period. Masterbatch is a mixture of solid or liquid pigments that are used for coloring and increasing properties of polymers, which include flame retardation, antilocking, stabilizing, and antistatic. It can be used in various technological methods such as spinning, injection, and blow. Rising applications of masterbatch across several industries, such as packaging, agriculture, consumer goods, and automobile, is propelling the growth of global masterbatch market. Increasing demand for plastic in packaging and construction industry is further fueling the growth of the global masterbatch market. The masterbatch offers protection of products from UV rays; owing to which, various key players offer such products that are innovative and advanced with specific concentration of pigments. Masterbatch has lower cost as compared to other conventional methods, as it consumes comparatively lesser time in production.
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The demand for masterbatches and plastics is increasing in the construction sector in several applications, including flooring, storage tanks, doors, cables, pipes, performance safety windows, and insulation materials. Rising residential and commercial projects in emerging countries are boosting infrastructural development, which in turn, is expected to significantly propel the market growth. The increasing use and consumption of chlorinated polyvinyl chloride (CPVC) and polyvinyl chloride (PVC) in different products, including cables, wood PVC, composites, food, medicinal packaging, wires, pipes, cables, and waterproofing membrane, is augmenting the market growth. The demand for color segment is propelling due to its increasing utilization in creating effects for different products. Furthermore, European Union has shown concern regarding the contraction in greenhouse gases, owing to which, the demand for lightweight vehicles is continuously increasing across the globe. The increase in plastic content in vehicles reduces their weight and increases fuel efficiency. It indicates the growing opportunities for the color masterbatch market across the globe.
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Market Segmentation
Global Masterbatch Market by Type
• White
• Black
• Color
• Additive
• Filler
Global Masterbatch Market by Polymer
• Polypropylene (PP)
• Polyethylene (PE)
• Polyvinyl Chloride (PVC)
• Polyurethane (PU)
• Polyethylene Terephthalate (PET)
• Others (Polystyrene, Polycarbonate, and Polyamide)
Global Masterbatch Market by Application
• Packaging
• Building & construction
• Automotive
• Consumer Goods
• Textile
• Others (Agriculture and Household)
Regional Analysis
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• Americhem
• Ampacet Corp.
• BASF SE
• Cabot Corp.
• Clariant International Ltd.
• Coperion GmbH
• Hubron International Ltd.
• Ingenia Polymer Corp.
• Jiangsu Pulaike Hongmei Masterbatch Co., Ltd.
• LyondellBasell Industries N.V.
• Optima Colour
• Penn Color, Inc.
• Plastiblends India Ltd.
• PLASTIKA KRITIS S.A.
• PMC Group, Inc.
• PolyOne Corp.
• Polyplast Müller GmbH
• Prayag Polytech Pvt. Ltd.
• RTP Co.
• Soltex Petroproducts Ltd.
• Teknor Apex Co., Inc.
• The Dow Chemical Co.
• Tosaf Group
• Uniform Color Co.
• Universal Masterbatch LLP
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