An increase in demand for masterbatch due to replacement of metal by plastic in the majority of industries and the increasing use of plastic in the automotive industry to reduce vehicle weight to improve fuel efficiency are some factors driving the market growth.
Market Size in 2019: USD 11.57 Billion, Market Growth: CAGR of 5.2%, Market Trends: Increase in scope of application and research and development
According to our current analysis, the Global Masterbatch Market size was valued at USD 11.57 billion in 2019 and is expected to reach USD 18.25 billion by the year 2027, registering a CAGR of 5.2%. Masterbatch is a plastic additive used for coloring plastics or imparting other properties to plastic. It is a pigments or additives mixture that is encapsulated over the heating process in a carrier resin. The resin is then cooled and made into granular beads. It enables the processor to color raw polymer cost-effectively during the manufacturing process of the plastic. Various types of carrier polymers, including PA (Polyamide), PET (Polyethylene terephthalate), PE (Polyethylene), PP (Polypropylene), and PVC (Polyvinyl Chloride), improve acceptance and dispersion of a wide range of plastic additives and functional fillers. Masterbatches come in various types, namely white, black, color and additive. The production of masterbatch has six steps, namely weighing, mixing, twin screw extruding, cutting and cooling, sieving and bagging.
Masterbatches are premixed compositions, and thus, their use solves the issues with clumping or insufficient dispersion of additive and colorant. Masterbatches witnessed an increase in demand due to the replacement of metal with plastic in various industries. This has been the chief driving factor for the market. However, compared to pure pigments, masterbatches require more storage space and have a longer lead time. Another constraining factor in the growth of this market is the levying of stringent environmental regulations due to the non-biodegradability of plastic.
Further key findings of the report suggest that
For the purpose of this report, Reports and Data has segmented the Masterbatch Market on the basis of type, application, carrier polymer, and region:
By Type (Revenue, USD Million; 2017-2027)
By Application (Revenue, USD Million; 2017-2027)
By Carrier Polymer (Revenue, USD Million; 2017-2027)
By Region (Revenue, USD Million; 2017-2027)
Reasons to Buy the Report
Market Size in 2019: USD 11.57 Billion, Market Growth: CAGR of 5.2%, Market Trends: Increase in scope of application and research and development
According to our current analysis, the Global Masterbatch Market size was valued at USD 11.57 billion in 2019 and is expected to reach USD 18.25 billion by the year 2027, registering a CAGR of 5.2%. Masterbatch is a plastic additive used for coloring plastics or imparting other properties to plastic. It is a pigments or additives mixture that is encapsulated over the heating process in a carrier resin. The resin is then cooled and made into granular beads. It enables the processor to color raw polymer cost-effectively during the manufacturing process of the plastic. Various types of carrier polymers, including PA (Polyamide), PET (Polyethylene terephthalate), PE (Polyethylene), PP (Polypropylene), and PVC (Polyvinyl Chloride), improve acceptance and dispersion of a wide range of plastic additives and functional fillers. Masterbatches come in various types, namely white, black, color and additive. The production of masterbatch has six steps, namely weighing, mixing, twin screw extruding, cutting and cooling, sieving and bagging.
Masterbatches are premixed compositions, and thus, their use solves the issues with clumping or insufficient dispersion of additive and colorant. Masterbatches witnessed an increase in demand due to the replacement of metal with plastic in various industries. This has been the chief driving factor for the market. However, compared to pure pigments, masterbatches require more storage space and have a longer lead time. Another constraining factor in the growth of this market is the levying of stringent environmental regulations due to the non-biodegradability of plastic.
Further key findings of the report suggest that
- It is used to impart color to plastics. Masterbatch enhances the physical properties of plastics, such as toughness, adhesion, flexural stiffness, printability, etc.
- Several consumer goods manufacturers are opting for appealing packaging for their products in order to attract customers, a factor that has bolstered the growth of the masterbatch market.
- Masterbatches are available in solid and liquid forms. As opposed to pure pigments, masterbatches require more storage space and have a longer lead time.
- Most companies offer filler masterbatches, which are classified into several types as per their functionalities. For instance, UV masterbatches are filled with UV stabilizers and are used in products that are to be exposed to sunlight, such as irrigation pipes, garden furniture, and agriculture greenhouse films. Antioxidant masterbatch is used to protect polymers from degradation at high temperatures. Optical brightener masterbatch is used to impart a final white brightness without any blue tone instead of that which results from the use of a white type of masterbatch.
- Stringent environmental regulations and non-biodegradability of plastic act as restraining factors of the market growth.
- Major competitors include Clariant AG, A. Schulman, Ampacet, Masterbatching Technologies LLP, Coperion, Global Colors Ltd., Penn Colors, and Plastiblends India Ltd.
- There is a variety with as many as over 200 shades that are available in color masterbatches. They are specially used in consumer goods such as blow molding of bottles, injection molding household items, and insulation of cables.
- Clariant AG dominates the market. It is the pioneer in manufacturing color and additive types of masterbatches.
- Masterbatches are premixed compositions, and thus, their use alleviates issues with the additive or colorant clumping or insufficient dispersion.
- An increase in the use of plastic in the automotive industry to reduce vehicle weight and thereby improve fuel efficiency is another factor driving the market towards the different types of plastic.
- The color segment is expected to lead the market in terms of value due to the increasing use of color masterbatch in various applications, such as packaging, building & construction, automotive, consumer goods, agriculture, and textile, among others.
- The Asia Pacific is expected to be the largest regional market. Countries such as India, China, and Taiwan are said to witness significant growth in the market due to the increased focus on packaging.
- In the case of application, the packaging market holds the highest share of the market, accounting for 67% market share due to the increased demand for packaging among consumer goods.
- Europe is estimated to be the fastest-growing regional segment, expected to deliver a CAGR of 7.1% through the forecast period.
- White and Filler types of masterbatches are the fastest-growing segments, with CAGRs of 7.1% and 6.2%, respectively.
- The Color type of Masterbatch dominates the market occupying a market share of 50.8%, followed by the Black type of masterbatch with a market share of 25.4%
For the purpose of this report, Reports and Data has segmented the Masterbatch Market on the basis of type, application, carrier polymer, and region:
By Type (Revenue, USD Million; 2017-2027)
- Black
- White
- Color
- Additive
- Filler
- UV
- Optical Brightener
- Antioxidant
By Application (Revenue, USD Million; 2017-2027)
- Packaging
- Building and Construction
- Automotive
- Consumer good
By Carrier Polymer (Revenue, USD Million; 2017-2027)
- PA
- PE
- PP
- PET
- PVC
By Region (Revenue, USD Million; 2017-2027)
- North America
- U.S.
- Canada
- Europe:
- U.K.
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- India
- China
- Japan
- Rest of Asia Pacific
- Latin America:
- Brazil
- Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Masterbatch Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Masterbatch market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Masterbatches Segmentation & Impact Analysis
Chapter 5. Masterbatches Market By Product Type Insights & Trends
Chapter 6. Masterbatches Market By Application Insights & Trends
Chapter 7. Masterbatches Market By Carrier Polymers Insights & Trends
Chapter 8. Masterbatches Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
Companies Mentioned
- Masterbatching Technologies
- Clariant AG
- A. Schulman Inc.
- Ampacet
- Global Colors Inc.
- Plastiblends India Ltd
- Penn Colors Co.erion
