Masterbatches are solid or liquid mixture of additive or pigments used for coloring or enhancing other properties of polymers such as UV stabilizing, flame retardation, antistatic and antilocking. Masterbatches can be used by several technological methods including injection, blow, spinning and others. Growing end user markets such as packaging, automobile and healthcare is boosting the demand of masterbatch market. Moreover, increasing demand of plastics from construction and luxury goods packaging industries are further driving the global masterbatch market. Among the end-user industries, packaging accounts for the largest share in global masterbatch market. Packaging industry uses all types of masterbatches, wherein color and white masterbatch are the most commonly used segments. Food and beverages manufacturers’ increasing interest in enhancement of packaging colors is escalating demands for the color masterbatches. However, the rising oil prices and stringent environmental laws related to non-biodegradability of plastics are posing significant challenge to the growth of plastic industries which is in turn affecting the masterbatch market.
Covid-19 Impact Analysis
- The coronavirus's unfavorable global effects are already evident, and they will have a big impact on the masterbatch market in 2020.
- The World Health Organization has declared a public health emergency after the COVID-19 virus outbreak in December 2019. The disease has spread to over 100 nations and resulted in massive deaths all across the world. Exports & Imports, global manufacturing, tourism, and financial sectors have all been heavily damaged.
- The downward pressure on the global economy, which had previously shown signs of improvement, has escalated once more. The outbreak of the virus has added danger factors to the international economy's already sluggish development. Many international groups have stated that the global economy is experiencing its most difficult moment since the financial crisis.
- The lockdown has resulted in hampering the imports and exports of various goods. Also, the uncertainty created in the market in the consumers’ buying pattern has resulted in hampering of the masterbatch market.
Top Impacting Factors
The increasing replacement of metal parts with plastic and the efficiency in the service life of Plastics materials & plastic products are expected to drive the masterbatch market over the predicted years. Moreover, the rising focus on the use of plastic in the automotive industry to reduce vehicle weight, and thereby improve fuel efficiency is likely to fuel the market during the forecasted period. Also, a significant rebound in automotive & construction activity is projected to provide opportunities for engineering plastics, especially in applications such as composite plastic, acoustic, lighting, window glazing, and skylights.
Market trends
- Lightweight automotive parts are surging the product sale globally.
- The market is likely to witness a steady increase in the product sales owing to the varied range of application. Substantial rise in the automotive sector in Europe and Asia Pacific will successively bolster the masterbatch market size over the coming years. The product is used in the production of different plastic-based auto parts such as interiors, exteriors, and under the hood components. Replacement of conventional metal auto parts with plastic components, due to lighter weight and high mechanical properties, is driving the product demand in this industry. In addition to this, government initiatives & polices are positively influencing the automobile production in the region. China is investing heavily on the development of electric vehicles made up of plastic parts for maintaining light weight and enhancing speed. Such innovations will drive the entire product usage in the future years.
- Black & white masterbatches are the key driver for the market.
- Black and white masterbatches are most popularly used product types among all, that are extensively consumed in the plastics industry. It is well known for its ultraviolet light stability, electrical conductivity, heat dissipation, resistance to high temperatures, and uniform distribution with elevated jetness. They are used in the manufacturing of various packaging boxes, automotive components, construction materials such as pipes and cables, etc. They are also used in the agricultural sector to make agricultural mulch films in order to provide shade to the crops. Similarly, white products also provide high ultraviolet and thermal stability to the plastic products. They are widely used in the packaging industry for manufacturing a variety of single and multiple layered films. These are primarily composed of titanium dioxide (TiO2) and provide brilliant whiteness to the plastic products. The brightness and opacity of the color can be altered by changing the composition and grade of TiO2. This product is popularly used in protective and lamination films, fibers, non-woven products, plastic bottles, and various injection and blow molded products.
- Packaging industry is unceasingly dominating the masterbatch application
- Packaging sector is undoubtedly the largest consumer of plastic components, and hence will have a massive product demand. It is used in rigid as well as flexible packaging applications for foods, beverages, medicines, chemicals, and several other sectors. Strong and bright colors of the packaging materials help the product to stand out in the department store shelves, thus promoting the product usage in this sector. Furthermore, changing lifestyles and increasing work hours of people have led to dependency on packaged food items. This will have a huge impact on the overall masterbatch market from the packaging sector by 2026.
Key Benefits of the Report
- This study presents the analytical depiction of the masterbatch market industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the masterbatch market share.
- The current market is quantitatively analyzed to highlight masterbatch market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed masterbatch market analysis based on competitive intensity and how the competition will take shape in coming years
- Questions answered in the Masterbatch Market Report
- Who are the leading market players active in the Masterbatch Market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- What is “Masterbatch Market “?
- What does " Masterbatch Market " allow organizations to achieve?
- Which technologies combine to make “Masterbatch Market “a critical organizational asset?
- What is " Masterbatch Market” Market prediction in the future?
- Who are the leading global players in the “Masterbatch Market” market?
- What are the current trends and predicted trends?
- What are the challenges faced in the " Masterbatch Market” Market?
- What are the key benefits of the “Masterbatch Market “Market report?
- What will be the anticipated growth rates for your own Masterbatch Market economy altogether and for every segment inside?
- What are the driving factors and opportunities in the market?
Masterbatch Market Report Highlights
| Aspects | Details |
 By Type |
|
 By Carrier Resin |
|
 By Application |
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 By Region |
|
 Key Market Players | Clariant AG, Plastika Kritis S.A., Penn Color Inc., A. Schulman Inc., Ampacet Corporation, Hubron International, Cabot Corporation, Americhem, Plastiblends India, Gabriel-Chemie |
 Other Key Market Players | Polyplast Muller, RTP Company, Tosaf Group, Polyone Corporation |
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