Report Code: A05486 | Pages: NA | ||
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Masterbatches are a mixture of polymer, pigments, colors, and additive materials. They are available in solid and liquid forms and are utilized to give shading and reinforce the color and properties of plastic for applications in various industries. Some of prominent industries include agriculture, textile, automotive, building & construction, and packaging industries. Some of the important properties of masterbatches are extrusion aids, anti-oxidant, antimicrobial, anti-slip, lubrication, anti-static, anti-fouling, flame retardance, ultraviolet light resistance, abrasion resistance, oxygen scavenger, and thermo-stabilizer.Â
Some of the prominent growth drivers in this market include increase in demand from automotive industry, rise in urbanization, and increase in the demand for personal vehicles. Moreover, improvement in disposable income and supportive government regulations and policies drive the demand for masterbaches. Market growth is further supported by rise in demand for plastic products and consumer preference for sophisticated color formulations. However, limited supply of raw material, high cost of product, rise in price of raw materials such as pigments, titanium oxide, and black carbon and stringent government regulation for its application in food products majorly restrict the growth of the global market. Awareness about usage of environment friendly products provide new growth opportunities for the players operating in the market during the forecast period.
The global masterbatches market is segmented into type, application, end-use industry, and region. Based on type, the market is divided into filler, black, white, color, additive, and others. Based on applications, the market is classified into packaging, anti-oxidant, anti-microbial, ultraviolet resistance, antifouling agent, lubricant, corrosion inhibitor, and others. Masterbatches are extensively used for packaging application in electrical & electronics, household, medical, personal care and food & beverage sectors. On the basis of end-use industry, the global market is segmented as automotive, building & construction, electrical & electronics, textile, agriculture, pharmaceutical and others. The automotive industry is the major end-user of masterbatches market due to its wide applications in automotive industry in order to replace metal parts by plastics to reducing weight of vehicle to improve the fuel efficiency. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the global masterbatches market are Americhem Inc., A. Schulman Inc., Clariant AG, Ampacet Corporation, Cabot Corporation, Polyone Corporation, Plastika Kritis S.A., GCR Group, Polyplast Mueller GmbH, and Hubron International.
Masterbatches Market Report Highlights
Aspects | Details |
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By Type |
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By APPLICATION |
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By END-USE INDUSTRY |
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By Region |
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Key Market Players | Plastika Kritis S.A., A. Schulman Inc., Polyone Corporation, Clariant AG, Hubron International, Cabot Corporation, Americhem Inc., Ampacet Corporation, GCR Group, Polyplast Mueller GmbH |
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