Masterbatch Market Size, Share, Trends | Global Industry by 2020-2025
According to the latest report by IMARC Group, titled "Masterbatch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global masterbatch market size experienced healthy growth during 2014-2019. A masterbatch is a mixture of pigments, additives and carrier resins, which is widely used for coloring and protecting the polymer from harmful ultra-violet (UV) radiations. It is also used for enhancing the antistatic, antifog, antilocking, UV stabilizing and flame retardation properties of polymers. It is employed in the construction, automotive, textile, agriculture and food and beverage (F&B) industries across the globe.
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A masterbatch is used in the production of construction materials on account of its properties, which include electrical conductivity and resistance against high temperatures. In line with this, the increasing construction activities around the world are bolstering the market growth. Furthermore, stringent environmental regulations imposed by governments of several countries are encouraging automotive companies to use lightweight materials for reducing weight and increasing fuel efficiency. Plastics, produced from masterbatches, are utilized in the manufacturing of different automotive components. Apart from this, hectic lifestyles and inflating income levels are escalating the demand the packaged food items, which in turn, is expected to provide lucrative opportunities for the manufacturers operating in the industry in the upcoming years.
Breakup by Type:
Color
White
Black
Additive
Filler
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Breakup by Polymer Type:
PP
LDPE/LLDPE
HDPE
PVC
PUR
PET
PS
Others
Breakup by Application:
Packaging
Building & Construction
Consumer Goods
Automotive
Textile
Agriculture
Others
Breakup by Region:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
United States
Canada
China
Japan
India
South Korea
Australia
Indonesia
Others
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Brazil
Mexico
Others
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being A. Schulman Inc., Americhem, Ampacet Corporation, Cabot Corporation, Clariant AG, Gabriel-Chemie, Hubron International, Penn Color Inc., Plastiblends India, Plastika Kritis S.A., Polyone Corporation, Polyplast Muller, RTP Company, Tosaf Group, etc.
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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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