Market Research Report
Global Masterbatch Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||523697|
Delivery time: 2-3 business days
|Global Masterbatch Market 2019-2025|
|Published: October 14, 2019||Content info:||
Market Size, Share & Trends Analysis Report by Type (White, Black, Color, Additive, and Filler), by Polymers (Polypropylene (PP), Polyethylene (PE), Polyvinyl Chloride (PVC), Polyurethane (PU), Polyethylene Terephthalate (PET), and Others), and by Application (Packaging, Automotive, Consumer Goods, Building & Construction, Textile, and Others) and Forecast 2019-2025.
The global masterbatch market is expected to grow at a significant CAGR during the forecast period. Masterbatch is defined as solid or liquid additives that are used for coloring plastics and imparting other properties to plastics. It is a mixture of carrier resins, pigments, and additive. Masterbatch is widely used in coloring raw polymers during the plastic manufacturing process. Further, they are widely used in packaging applications. There are varieties of pivotal factors that are driving the growth of the market, which include rising demand from automotive and building and construction sectors and increasing adoption of coloring methods. The demand for lightweight vehicles is rising across the globe to curb increasing greenhouse gases and support environmental protection policies.
The automotive sector is increasing the adoption of plastic materials in vehicles to reduce their weight and carbon emission and increase fuel efficiency. It is considered to be the replacement of metal parts in the vehicles by plastic components, which in turn, is expected to offer growth opportunities to the global masterbatch market in the near future. An increase in manufacturing and production of plastic compounds coupled with the growing usage of packaging goods are some other drivers for the growth of the market. However, there are certain factors that are hindering the growth of the market, which includes low quality of products and rising oil prices along with stringent environmental regulations for non-biodegradable plastics.
The masterbatch market can be segmented on the basis of type, polymer, and application. Based on type, the market is segmented into white, black, color, additive, and filler. Based on the application, the market is segmented into packaging, building & construction, automotive, consumer goods, textiles, and others. Masterbatch is used majorly in the packaging application for goods applied at the industrial, retail and institutional levels. Based on polymer, the market is segmented into PP, PE, PVC, PU, PET, and others. The polypropylene (PP) and polyethylene (PE) segment are anticipated to be the major growing segments due to their greater smoothness, efficiency and dispersion properties to the end-user applications of plastic goods.
Geographically, the global masterbatch market is classified into North America, Europe, Asia-Pacific, and the Rest of the World. North America is projected to exhibit a considerable growth rate in the global market during the forecast period. The growth of the market is attributed to the increasing demand for bioplastics and growing demand for contamination-free packaging for pharmaceuticals industry. In addition, increasing demand for lightweight vehicles, and growing popularity of silver-based anti-microbial masterbatches are further estimated to be the major factors that are augmenting the growth of the market in the region.
The key players in the global masterbatch market include as, Americhem, Ampacet Corp., BASF SE, The Dow Chemical Co., LyondellBasell Industries N.V., PLASTIKA KRITIS S.A., PolyOne Corp., and Clariant International Ltd. Partnership, merger and acquisition, and product launch are the key strategies adopted by the global masterbatch market players, in order to sustain in this highly competitive market.
The market study of the global masterbatch market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive 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, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
The report is intended for masterbatch manufacturers and suppliers, end-use industries for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, 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.