PUBLISHER: Orion Market Research | PRODUCT CODE: 1159369
PUBLISHER: Orion Market Research | PRODUCT CODE: 1159369
Global Masterbatch Market Size, Share & Trends Analysis Report, by Type (White, Black, Color, Additive, Filler), by Polymers (Polypropylene (PP), Polyethylene (PE), Polyvinyl Chloride (PVC), Polyurethane (PU), Polyethylene Terephthalate (PET), Others), and by Application (Packaging, Automotive, Consumer Goods, Building & Construction, Textile, and Others) Forecast (2022-2028)
The global masterbatch market is anticipated to grow at a substantial CAGR of 4.1% during the forecast period. Increasing demand for plastic in the packaging and construction industry is further fueling the growth of the global masterbatch market. The masterbatch offers protection of products from UV rays due to which many key players offer products that are innovative and advanced with a specific concentration of pigments. Masterbatch has a lower cost as compared to other conventional methods, as it consumes comparatively lesser time in production.
The global masterbatch market is segmented based on the type, polymers, and application. Based on the type, the market is segmented into white, black, color, additive, and filler. Based on, the polymer the market is sub-segmented into polypropylene (PP), polyethylene (PE), polyvinyl chloride (PVC), polyurethane (PU), and polyethylene terephthalate (PET), others. Further, based on application, the market is sub-segmented into packaging, automotive, consumer goods, building & construction, textile, and others. Based on polymers, PVC is a very durable and long-lasting material that is used in a variety of applications, rigid or flexible, white or black. PVC is a convertible material that is used in window frames, water service pipes, blood storage bags, cable and wire insulation, resilient flooring, medical devices, drainage pipe, and many more. For instance, in November 2021 Westlake Chemical Corp. announced that its Vinnolit subsidiary in Germany launched GreenVin Polyvinyl Chloride (PVC), a lower-carbon alternative PVC, which is one of the most widely utilized plastics in the construction, automotive and medical sectors.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is anticipated to hold a considerable share in the global masterbatch market due to increasing the use of engineering plastics in the automotive industry. Automotive and airplane manufacturers utilize lightweight plastics such as PP and PC for windows, hood, and interior applications. PP is used in the making of bumpers, chemical tanks, cable insulation, and gas cans. Polypropylene is also often utilized as a thermoplastic binder component for natural fiber composites. For instance, in October 2021, Braskem the polyolefins producer in the Americas, announced the launch of high visibility polypropylene (PP) filaments (FL105PP), the latest additions to Braskem's 3D product portfolio.
The major companies serving the global masterbatch market include BASF SE, Clariant International Ltd., LyondellBasell Industries Holdings B.V., Dow Chemical Co., Universal Masterbatch LLP, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2019, DuPont Transportation & Industrial launched its new DOW CORNING AMB-12235 masterbatch for polyethylene (PE) blown film. The masterbatch combines an anti-block agent with a compatible slip additive to improve film processing and ensure consistent quality.
Research Methodology
The market study of the global masterbatch market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: