25 Jun
2019 - The Global Masterbatch
Market is subject to witness a
substantial growth due to the rise in the demand for plastics to substitute
metal in end-user industries such as automobile, construction, consumer’s
goods, and packaging. Additionally, the rise in demand from various regions
across the globe are key factors responsible for the growth of the market in
recent years.
Color
masterbatch is one of the fastest growing segment with substantial revenue
generation in recent years. Globally, the market is predicted to grow at CAGR
of 5.9% in forecast period, providing numerous opportunity for market players
to invest for research and development in the masterbatch market.
Rising
demand associated with enhancement in the surface appearance of plastic
components in various industries is anticipated to boost demand of the
masterbatch market over the forecast period. Additive masterbatch is considered
as one of the fastest growing segment of the masterbatch market due to vital
properties associated with its adoption that include antistatic, anti-foaming,
anti-oxidant, antimicrobial, thermal stabilizer and barrier properties.
Other
important properties such as metal deactivators, anti-blocking agent, flame
deterrence, ultra-violet stabilizer, oxygen scavenger, and erosion resistance
are also contributing to rising demand of additive masterbatch. With recent
advancements in the plastic packaging sector are expected to propel growth of
market over the forecast period.
Masterbatch
is an important variant in end-user industries including packaging sector,
construction sector, consumer goods market, automobile, and crop harvesting.
Rising adoption of the masterbatch is directly related to its functional
properties like smoother surface finish and desired hardness. Rising preference
towards packaged goods by consumers is predicted to affect the need for
different plastic products. In such cases, adoption of masterbatches to enhance
overall surface appearance of the plastic component has become vital. Such
factors are tremendously contributing to the growth of masterbatch market
demand in recent years.
There
has been a substantial growth in packaging sector across the globe on the
account of increase in e-commerce business. Numerous organizations are now
focusing on product appeal and packaging to draw potential customers and to
gain maximum profit for their products. Adoption of masterbatches alongside
makes an attractive packaging is considered as one of the key factors for the
expansion of the market.
Rise
in the popularity of different variants of polyethylene including high density
polyethylene, low-density polyethylene, and linear polyethylene, has accounted
for increase in the adoption of polyethylene as a carrier polymer in various
end-user industry segments. Polyethylene products allows of different shades
formation during packaging that leads to easy product differentiation, thus
driving growth the color masterbatch market segment over the forecast period.
Adoption of polyethylene during automobile manufacturing is vital to make the
surface of a vehicle glossy.
Masterbatch
(MB) is commonly termed as a solid or liquid additive that is utilized for
coloring plastics and improving properties of plastics. Masterbatch is majorly
differentiated between two categories such as addictive masterbatch and color
masterbatch. Procedure involving production of masterbatch include formation of
concentrated mixture consisting of pigments and additives that are compressed
together at high temperature. This leads to formation of a carrier resin, later
cooled and sliced into a granular shape. Masterbatch offers coloring of raw
polymer economically during manufacturing processes.
The
market is divided into regional market segment such as North America, Europe,
Asia-Pacific, Latin America and Africa. Europe has shown major growth in recent
years owing to the rise adoption of latest methodologies and existence
prominent industry players in the region. Asia-Pacific region is predicted to
hold major market share in the masterbatch market with massive growth in
forecast period.
Countries
such as India, China and Singapore are leading the Asia-Pacific market with
increasing growth of packaging industry, consumer good market, and automobile
sectors along with rise in building and construction activities. The key
players in the masterbatch market are A. Schulman Incorporations, Ampacet Co.,
Cabot Co., Clariant AG, Plastiblends India Limited, and Global Colors Group.
Market Segment:
Key Applications
•
Packaging
•
Construction
•
Automotive
•
Consumer Goods
•
Appliances
Key Regions
•
North America
•
Europe
•
Asia Pacific
•
Middle East and Africa
•
South America
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