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Masterbatch Market will Reach USD 16.35 Billion by 2026: Increasing Investments in Telecommunication, Energy & Utility, Among Others, will Promote Growth of Market

May 18, 2020 | Chemicals & Materials

The global Masterbatch market size is projected to reach USD 16.35 billion by 2026 on account of the rising number of construction activities worldwide. These are additives either in the solid or liquid form and are used for coloring or shading plastic items. This helps the processor to color raw polymer economically during the process of plastic manufacturing. According to the recent report by Fortune Business Insights, titled, “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,” the value of the market stood at USD 10.99 billion in 2018 and is likely to rise at a CAGR of 5.3% between 2019 to 2026.


Clariant Launched New Masterbathches in the China Market


Clariant, a Swiss specialty chemical company launched a new facility for the production and supply of specialty black Masterbatch in Guangzhou, China in May 2019. These products are in high demand among a large number of end-use industries and will adhere to their needs in the rapidly-growing China market. At the opening ceremony, Clariant promised to continue its commitment to local consumers in China. This new production facility in Guangzhou will complement the existing supply facility located in Taiwan and collaboratively deliver services and products in the Greater China Region.


The President of Clariant Fu Cai Wang said, “The additional projects of the pipeline and the new facilities in China will help us satisfy the needs of our consumers on the one hand and expand our business on the other. Such initiatives taken by companies are expected to bode well for the overall market in the coming years.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/masterbatch-market-102353


Rise in Construction Activities will Propel Growth


Rapid industrialization and urbanization have propelled Masterbatch market growth. This, coupled with the increasing number of construction activities for both residential and non-residential purposes are likely to boost the market. Masterbatch are robust, tough, possess antimicrobial properties, and long-lasting weather or UV resistance which helps it gain traction in the market. They can be used for the production of PVC pipes, PVC materials, water storage tanks, glow signs, fire extinguishers, and many more, the demand for which is likely to aid in the expansion of the market in the coming years.


On the contrary, the high cost of raw materials such as polymers and titanium oxide may cause major hindrance to the overall market growth. Nevertheless, the increasing demand for Masterbatches from the automotive sector to manufacture lightweight automobiles are likely to create lucrative growth opportunities for the market in the long run. This, coupled with the increasing investment in various sectors such as energy and utility, telecommunications, power, and others will also increase the overall size of the market in the coming years.


Adoption of Mergers and Acquisition Strategies – Key Strategy Adopted by Players


The global market is highly fragmented on account of the presence of many players. Manufacturers are engaged in collaborative efforts such as contracts and agreements, partnerships, mergers and acquisitions, and other strategies to gain an upper hand on the overall competition. They are also investing heavily in research and development of color production and superior quality Masterbatch for business expansion across all geographies.


Significant Industry Developments of Market include:


October 2019 – A new series of post-industrial polymers produced out of recycled and black carbon was introduced by Cabot Corporation. This new series of black Masterbatch are designed for enhancing the properties of plastic for sufficing to the growing demand for plastic from a wide variety of end-users.


List of Notable Market Manufacturers are:


· PLASTIKA KRITIS S.A.


· Penn Color Inc.


· Clariant


· Tosaf


· Cabot Corporation


· Ampacet Corporation


· Hubron International


· Schulman, Inc.


· Plastiblends


· PolyOne


· Other Vendors


Further Report Findings


· Asia Pacific held the dominant market share with a revenue of USD 3,998.14 Million earned in 2018, attributed to the rapid growth of consumer goods, packaging, and aut0omotive industries in the region. This, coupled with the increasing building and construction activities are likely to help this region continue dominating the market in the coming years.


· Based on segmentation by end-user, the market is dominated by the packaging segment. However, the building and construction segment earned a 20.4% share owing to the increasing demand to meet the needs of the growing urbanization.


This Market is segmented into:


Global Masterbatch Market Scope


Study Period


2015-2026


Base Year


2018


Forecast Period


2019-2026


Historical Period


2015-2017


Unit


Value (USD Billion) 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)

Masterbatch Market
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  • 2015-2017
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