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.
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.
KEY BENEFITS FOR STAKEHOLDERS:
- The masterbatches market size has been analyzed across all regions
- Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building
- The report outlines the current masterbatches market trends and future scenario of the market size to understand the prevailing opportunities and potential investment pockets.
- Major countries in the region have been mapped according to their individual revenue contribution to the regional market
- The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study
- The market analysis covers in-depth information of major industry participants
Masterbatches Market, by Type Report Highlights
| Aspects | Details |
 By Type |
|
 By APPLICATION |
|
 By END-USE INDUSTRY |
|
 By Region |
|
 Key Market Players | Plastika Kritis S.A., Cabot Corporation, Ampacet Corporation, Clariant AG, Hubron International, Polyplast Mueller GmbH, A. Schulman Inc., GCR Group, Americhem Inc., Polyone Corporation |
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