Solid Masterbatch Market Insights and Forecast -2027
A masterbatch is a highly concentrated mixture of pigments and additives, which is primarily used for coloring plastics and also to impart superior properties into plastic. The masterbatches are encapsulated into a carrier resin in a heating process, followed by cooling and cutting them into granular shapes. Masterbatches are extensively used for producing polymers, as they exhibit UV stabilizing, flame retardation, and antistatic properties. They have extensive applications in different end-user industries, including packaging, construction, automotive, aerospace, and consumer goods.
COVID-19 scenario analysis:
- The global market for solid masterbatch is severely impacted by the outbreak of the COVID-19 pandemic.
- The COVID-19 pandemic saw a decline in the economic growth in almost all the major countries, thus affecting consumer spending patterns.
- Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
- Thus, insufficiency in raw material supply is expected to hamper the production rate of solid masterbatch, which negatively impact the market growth.
However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
The major factor that drives the growth of the solid masterbatch market is the continuous need for high performance materials in the major end user industries especially the packaging and construction industries. the demand for plastic materials Having better qualities end appearance is expected to increase the demand for solid masterbatches in the market. In the construction sector plastics and masterbatches are used extensively in making pipes, doors on windows, insulating materials and others. Moreover, properties such as better color consistency, color distribution add good dispersion of colors also add to the growing popularity of masterbatch in the consumer goods sector. Application of solid masterbatches in engineering plastics, polypropylene and others that are used in several industries such as automotive, aerospace, electrical and electronics and others have also increased its demand in the market. However, the fluctuating prices of the raw materials might act as a restraining factor for the solid masterbatch market.
The market in the Asia Pacific region holds the largest share of the global solid masterbatch market due to the rapid growth in the packaging industry. The growing demand for safe and contamination free packaging has also acted as a key factor funding growth of the market in Europe as well. The market in the North America region is expected to witness a steady growth with high demand for high performance plastics in the major automotive industries of the region.
Key benefits of the report:
- This study presents the analytical depiction of the global solid masterbatch 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 global solid masterbatch market share.
- The current market is quantitatively analyzed to highlight the global solid masterbatch market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global solid masterbatch market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions answered in the solid masterbatch market research report:
- Which are the leading players active in the solid masterbatch market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
Solid Masterbatch Market Report Highlights
By Industry Vertical
Key Market Players
Marval industries Inc., Clariant AG, Uniform Color Co, Cabot Corp., Ampacet Corp., A. Schulman, FERRO-PLAST S.r.l., Techmer, BASF SE, POLYONE Corp.