Market Research Report
Masterbatch - Global Market Outlook (2019-2027)
|Masterbatch - Global Market Outlook (2019-2027)|
Published: March 1, 2021
Stratistics Market Research Consulting
Content info: 150+ Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Masterbatch market is accounted for $10.56 billion in 2019 and is expected to reach 19.69 billion by 2027 growing at a CAGR of 8.1% during the forecast period. Replacement of metals with plastics in automotive applications and widely preferred coloring method are the major factors driving the market growth. However, availability of low quality and cheaper products is restraining the market growth.
Masterbatch is a concentrated mixture of pigments and additives encapsulated in a heat process into a carrier resin which is first cooled and then cut into a granular shape. The processor is allowed to colour the raw polymer economically throughout the manufacturing process of plastics. Masterbatch is a liquid or solid mixture of various pigments used for coloring or improving other properties of polymers such as flame retardation, antistatic, ultraviolet (UV) stabilizing, and ant locking.
Based on polymer, the polypropylene (PP) segment accounted for considerable market share during the forecast period due to wide usage in the consumer products, flexible packaging, automotive, carpets, fibers, biaxially oriented polypropylene (BOPP) film, and reusable products such as containers, papers, laboratory equipment, furniture, and medical instrument. By geography, Asia Pacific held largest market share during forecast period due to the growing automobile production facilities in the region and shift of European automobile manufacturers to low-cost markets of Asia.
Some of the key players profiled in the Masterbatch Market include: A. Schulman, Inc., Alok Masterbatches, Americhem, Inc., Ampacet Corporation, Astra Polymers, Cabot Corporation, Clariant, Gabriel-Chemie Group, GCR Group, Heima, Hengcai, Hubron, Plastiblends, Plastika Kritis S.A, PolyOne, Polyplast Mueller GmbH, Prayag Polytech, RTP Company, Tosaf and Wave Semuliao Group.
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner as above.