"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Masterbatch Market Size, Share & Industry Analysis, By Type (White, Black, Color, Additive, and Fillers), By Polymer (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, and Others), By End-Use (Packaging, Building & Construction, Consumer Good, Automotive, Agriculture, and Others), and Regional Forecast, 2019-2026

Region : Global | Format: PDF | Report ID: FBI102353

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

We are in process of revamping Masterbatch Market with respect to COVID-19 Impact.

Inquire before buying

Masterbatch is a solid or liquid additive used to paint or to transmit certain properties to the plastics. Colored Masterbatch is used to give color or shade to the plastic items. They can be used to convey properties such as energy, effect, UV stabilizer, bio-degradable, antioxidant, and others. Ideally, the product consists of pigment, and additives mixture encapsulated in a carrier resin which is then cooled and cut in a granular form after a heat cycle. It helps the processor to efficiently colour raw polymer during the manufacturing process of plastics. It is cost-effective, provides a colour to the polymer and help the plastics manufacturers save a good amount. These additives are easy to use and provide a dirt-free and stable process, reducing the safety risk involved with the use of powder pigments.


MARKET TRENDS


Request a sample to learn more about this report.


Growing Demand for Building & Construction Industry To Drive The Market Growth


The global construction industry is the world's largest consumer of raw materials. This industry is projected to expand at 4.2% annually in terms of market value, due to growth in residential, non-residential and infrastructure projects. An increase in building growth globally is boosting the construction industry. Growing new infrastructure, coupled with the increasing investments especially in the transport, telecommunications, and energy & utility sectors will add impetus to the market. In 2018, China construction industry is expected to be driven by government expenditure on infrastructure. In 2018, building industry in Thailand recovered, and the rate of growth is likely to boost due to increasing investment on public infrastructural development.


Building sector in Saudi Arabia is anticipated to rebound, backed by improvements in transport and mobility systems, innovations in social infrastructure, and electricity megaprojects. The Europe construction industry is growing at rapid pace due to low interest rates, strong economic growth and pent-up needs. Growth in Europe construction is backed by the residential, non-residential and civil engineering sectors, both new and renovation. According to Business Monitor International (BMI), Europe construction witnessed a growth of 2.4% in 2018, on account of improved outlook for commodity prices, increased trust in industry, increased demand and strengthened the exports. It is projected that half of the global construction expenditure is coming from Asia Pacific countries, with China, Indonesia, Japan, South Korea and Malaysia showing the greatest potential for expansion.


In building and construction industry, plastics & polymeric compounds are becoming increasingly important, often replacing traditional materials as they are more robust, long lasting and are attractively tough, have high strength, and provide UV or weather resistance, have flammable and antimicrobial properties, and others. It is a plastics additive used mainly to color plastics or to impart beneficial physical properties in plastics. It is commonly used in building plastic materials such as production of PVC profiles, PVC pipes, PPR pipes, glow signs, water storage tank insulation foam, door indicators, fire extinguishers, starlite ceiling interior, and others. The growing building & construction industry is boosting the use of the plastics materials in building & construction which is likely to drive the market during the forecast period.


MARKET DRIVERS


Growth in Plastic Packaging Industry is Driving Market


The plastic packaging industry witnessed high growth, with a steady move towards new retail formats. Growing sales rates also promote organized retail growth, thereby increasing demand for creative and attractive packaging. Food & beverages are one of the main growing segments in the retail sector. Growth in this sector is likely to promote the use for packaging, as plastic packaging helps to enhance food quality, and extends its shelf life. Packaged food is projected to be a rapidly expanding segment. Pharmaceuticals are another major user of packaging, in addition to food & beverage. The pharmaceutical industry is anticipated to expand by double-digit growth.


Pharmaceutical packaging is the core of the drug delivery system. Pharmaceutical companies rely increasingly on packaging and labelling as a way of preserving and marketing their goods, compliance with new legislation and increasing protection of patients. In addition, plastics have become increasingly important in pharmaceutical packaging due to properties such as high dimensional stability, moisture barrier, low water absorption, clarity, high impact strength, stress resistance, heat and flame resistance, and others. Therefore, due to increased expertise in food & beverage packaging, pharmaceutical, home & personal care, among other heavy industrial goods, plastic packaging is expanding rapidly.


Plastics has wide range of applications within the food packaging segment. In order to provide the necessary qualities to plastics and functionalities, Masterbatch are applied to the base polymers. As conventional plastics take years to degrade, and are used to accelerate the process of plastic product degradation while at the same time supplying the product with an appealing color. It is the most effective plastic colouring process, it helps to add functional and coloring characteristics to the plastic packaging. This is expected to boost the packaging industry, thereby aiding in expansion of the market.


Increase in Demand from Automotive Industry Shall Boost Market


The automotive industry is booming due to growing sales of vehicles due to increasing disposable incomes. In 2018, 54 leading countries sold around 86 million vehicles. In 2018, worldwide sales of vehicles were 99.7 million. The automotive industry is projected to be driven by China, and India with increasing demand for vehicles, and new vehicle registration is projected to surpass 100 million units globally in 2019. The global automotive industry continues to grow mainly due to electric vehicles demand. China alone accounts for one-third of the automotive industry. Steady growth in the U.S., and economic progress in Europe to boost earnings from manufacturers shall augment the automotive industry growth.


On the other side, Asia Pacific region witnessed real GDP growth led by China and India, the two main markets of the automotive industry. Sales of light-duty vehicles in Europe, particularly in Germany, France, Italy and Russia is boosting the automotive industry. Sales of new cars in Japan have increased, and strong demand for small vehicles are driving the automotive industry. India became the fourth largest automobile market in 2018 with sales growing to 3.99 million units by 8.3% year-on-year. In 2018, it was the seventh-largest commercial vehicle producer.


The quantity of plastics used in the interior and exterior parts of cars is continuously increasing. The need for lightweight materials in the automotive industry stimulate metal substitution with plastics. Color is definitely one of the most significant aspects of vehicles. Color add visual appeal, and market value, it is also an essential aspect of design and adds versatility to a vehicle. Masterbatch can be upgraded to increase reliability and pliability, become corrosion resistant, and to be flame retardant, among others. In the automotive industry, color and additive Masterbatch are commonly used for vehicle interiors, and outdoors for heavy and light vehicles, passenger cars, two and three-wheelers. The increasing usage of plastic in automotive industry is anticipated to fuel the global market.


MARKET RESTRAINT


Fluctuation in Raw Material Prices May Hinder the Market


Polymers, titanium dioxide, and calcium carbonate are the main raw materials used in Masterbatch processing. Polymers make up around 50% of the total cost of manufacturing; they serve as a medium by which color pigments are administered and are therefore essential. Since polymers are crude oil derivatives their prices are as unpredictable as the prices of crude oil. The prices of key raw materials, namely polymers and other chemicals such as titanium dioxide, are naturally highly volatile. Prices of polymers rely on the movement of crude oil prices and are subject to high volatility.


SEGMENTATION


By Type Analysis


Color Segment to Dominate the Market During the Forecast Period


Based on type, the market is classified into white, black, color, additive, and fillers. The white segment held the major share of the market. White Masterbatch are used in the final synthetic product to provide clarity, visibility, and are made of 75% titanium dioxide. The titanium dioxide has a right average particle size, 0.19 to 0.22 microns, opaqueness, and high refractive index. Black Masterbatch is made up of 50% black part. It is used in many plastic applications as a black pigment. It is used due to its jetness, UV protection, conductivity, and other properties.


The color segment is expected to expand at a rapid pace during the forecast period. Color Masterbatch is known for its properties such as good light fastness, weather fastness, and others. They are also used for injection molding of household items, blow molding of bottles, insulation of cables, and others.


By Polymer Analysis


Polyethylene to be the Leading Segment Over The Forecast Period


In terms of application, the market is segmented into polyethylene, polypropylene, polyvinyl chloride, polyethylene terephthalate, and others. Polyethylene segment accounted for prime share owing to the growing use of various polyethylene forms, such as high-density polyethylene, low-density polyethylene, and linear low-density polyethylene in packaging, building & development, automotive, and other end-use industries.


Polypropylene segment is expected to expand rapidly. It is commonly used in consumer products, which has contributed to the rise in demand for polypropylene. It has many beneficial properties including antibacterial, and antimicrobial ones, making it useful for the manufacture of various building & construction related items.


By End-Use Analysis


To know how our report can help streamline your business, Speak to Analyst


Packaging Segment to Account for Major Share Over The Forecast Period


In terms of end-use, the market is segmented into packaging, building & construction, consumer good, automotive, agriculture, and others. Packaging segment accounts for the major share in the forecast timeframe.


Building & construction segment is anticipated to expand at a rapid pace during the forecast period. The building & construction industry is constantly evolving to meet the rising demands of modern urbanization. Plastics are mainly used in materials for building & construction. During storage, the product protects the additive from exposure to temperature, moisture, and UV light. It will greatly increase the additive's shelf-life, which can reduce the expense of products lost to degradation.


Plastics and various blends are a favorite for the interior of automobiles. Often the external vehicle components have to withstand intense heat, cold and UV-ray effects. Thus, these are added to enhance the physical properties of the plastics.


REGIONAL ANALYSIS


Asia Pacific Masterbatch Market Size, 2018 (USD Million)

To get more information on the regional analysis of this market, Request a sample


The market size in Asia Pacific was valued at USD 3,998.14 Million in 2018. Asia Pacific held the major share and is likely to maintain its dominance during the forecast period. In Asia Pacific countries such as India, China, and Taiwan witnessed strong demand for packaging, which is a key growth driver. Growing purchasing power of consumers and increasing demand for plastic goods is likely to boost the market in the region. Besides this, the rapid growth of the consumer goods, packaging, and automotive industries, coupled with the rising building & construction and agriculture sectors, which are among the main end-use sectors.


Europe market size may witness significant growth by 2026. The increasing demand in the region is from various end-use industries such as packaging, automotive, building & construction, and consumer goods. Furthermore, growing demand for lightweight vehicles, and rising plastic manufacturing are also expected to bolster growth in the region in the coming years.


KEY INDUSTRY PLAYERS


Key Players Blending Strategies to Continue Dominating Market


The global market share is fragmented in nature with the involvement of several players such as Clariant, Ampacet Corporation, A. Schulman, Inc., PolyOne, Cabot Corporation, PLASTIKA KRITIS S.A., Plastiblends, Hubron International, Tosaf, Penn Color Inc., and others, along with small and medium regional players operating in different parts of the globe. Industrial participants face strong competition from regional and international players with a large networks of distribution and good supplier and regulatory expertise.


Major market players are engaged in research and development activities for producing colors of superior quality to provide enhanced features. Furthermore, the companies are now promoting strategic partnerships to improve the company's R&D efforts. The businesses put great emphasis on increasing the area of service to raise the market share and boost the company's revenues. The industry has the involvement of large number of multinationals and small producers operating their companies by producing high volumes. Companies are dedicated to introducing new goods to suit the growing trends among consumers.


LIST OF KEY COMPANIES PROFILED:



KEY INDUSTRY DEVELOPMENTS:



  • December 2019 – PolyOne Corporation, a leading global manufacturer of specialized polymer products, services and solutions, announced it acquired Clariant Color and Masterbatch Additives Company. Both the companies focus on offering specialized solution and technologies for high growth global end markets such as packaging, apparel, and healthcare.

  • October 2019 – Cabot Corporation announced the introduction of a new black series of post-industrial polymers manufactured from black and recycled carbon. The new black Masterbatch series are designed to enhance the properties of the plastics to meet sustainability targets across a wide variety of industries while maintaining full production.


REPORT COVERAGE


The Masterbatch market report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product types, and leading applications of the product. Besides this, the report offers insights into the market, current masterbatch industry trends and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the market over recent years.


To gain extensive insights into the market, Request for Customization


Report Scope & Segmentation











































 ATTRIBUTE



 DETAILS



Study Period



  2015-2026



Base Year



  2018



Forecast Period



  2019-2026



Historical Period



  2015-2017



Unit



  Value (USD Million) and Volume (Kilo Tons)



Segmentation



By Type



  • White

  • Black

  • Color

  • Additive

  • Fillers



By Polymer



  • Polyethylene

  • Polypropylene

  • Polyvinyl Chloride

  • Polyethylene Terephthalate

  • Others



By End-Use



  • Packaging

  • Building & Construction

  • Consumer Good

  • Automotive

  • Agriculture

  • Others



By Geography



  • North America (the U.S., and Canada)

  • Europe (Germany, UK, France, Italy, Spain, Russia & CIS, and the Rest of Europe)

  • Asia Pacific (China, India, Japan, ASEAN, and the Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and the Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, and the Rest of Middle East & Africa)



 


Frequently Asked Questions

Fortune Business Insights says that the global market size was USD 10.99 billion in 2018 and is projected to reach USD 16.35 billion by 2026.

In 2018, the market value stood at USD 10.99 billion.

Growing at a CAGR of 5.3%, the market will exhibit steady growth in the forecast period (2019-2026).

Packaging segment is expected to be the leading segment in this market during the forecast period.

Growth in plastic packaging industry is driving the market

Asia Pacific held the highest market share in 2018.

Growing demand for building & construction industry are the key drivers of the market

Masterbatch Market Size, Share and Global Industry Trend Forecast till 2026
  • May, 2020
  • 2018
  • 2015-2017
  • 120

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X