Masterbatch Market to reach USD 15.20 Billion by 2021, driven mainly by strong demand from packaging and consumer goods industry

July 05 16:01 2017
Burgeoning demand for plastics along with declining feedstock prices are together set to drive the Asia-Pacific (APAC) Masterbatches Market to $8.1 Billion & Global Market to $15.20 Billion by 2021.

According to the latest market research report “Masterbatch Market: By Type (Standard Color, Additive, White); By Carrier Resins (Polyethylene, Ethylene Methyl Acrylate); By Process (Extrusion); By End-User (Packaging, Building & Construction, Consumer Goods) – Forecast(2016-2022)”, published by IndustryARC, global market is estimated to reach $15.20 Billion by 2021.

Browse 39 Market Tables and 78 Figures spread through 163 pages and an Indepth TOC on “Global Masterbatch Market” –  

Masterbatches are solid or liquid additives used for imparting different colors to plastics and at the same time enhance the properties of the plastics/ polymers they are used on. These Masterbatches are used on carrier material which can be based on a wax (universal carrier) or on a specific polymer, identical or compatible with the natural polymer used (polymer-specific). E.g. EVA or LDPE can be used as carriers for polyolefins and nylon, polystyrene can be used for ABS, SAN, and sometimes polycarbonates. These masterbatches are used on carrier material which can be based on a wax (universal carrier) or on a specific polymer, identical or compatible with the natural polymer used. Under by type the masterbatches market has been segmented into, standard masterbatches, white masterbatches, black masterbatches and special effect masterbatches. Masterbatches have a wide range of applications in injection molding, blow molding, film extrusion, rotational molding and others. There are disparate end user segments which use masterbatches in their processing, which include automotive, electronic appliances, medicine packaging, textiles, food and beverage packaging and others.

There are different manufacturers producing Masterbatches for polyolefin polymers and for disparate industry verticals, delivering hundreds of standard colors as well as custom formulations and color/additive combibatches. From business machines and appliances to textiles, automotive components and packaging, designers, brand managers and plastics processors rely on cutting-edge color technology and in-depth technical support. Masterbatches have wide range of end user applications in automotive, electronic appliances, medicine packaging, textile, food & beverage packaging, others. Among all the applications, textile industry has the highest CAGR of 11.86% in terms of revenue and 12.84% in terms of volume, for the forecast period 2016 to 2022. On the contrary, the segment generating highest revenue food and Beverage packaging with $2.4 billion in 2015, foreseen to reach was $5.15 billion till 2022.

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The global market in 2015 was $7.24 billion and is dominated by APAC which is poised to exhibit the fastest growth due to favorable macroeconomic conditions such as population growth and financial conditions like increasing FDI investments. China has overtaken the U.S as the world’s leading market of Masterbatches and is expected to remain the largest up to 2016. Other major market includes North America which accounted for a significant market share. The Masterbatches market in the North American region is anticipated to grow at a CAGR of 8.13% during the forecast period 2016 to 2021.

The number of manufacturers across the world for masterbatches has increased manifold. These manufacturers are actively investing in scaling up their position in the market and are able to attract profitable deals. Some of the major players in the masterbatches industry are Ampacet Europe, Cabot Plastics International, Clariant Masterbatches, Hubron (International), Kunststof Kemi, Plastika Kritis, PolyOne.

The overall Masterbatches market is characterized by large number of companies but top three companies account for 55% market share due to the wide distribution network and brand reputation. Rapid developments in emerging countries and use of innovative products and materials in coloring plastic have supported the growth of masterbatches additives markets.

The masterbatches market report is a comprehensive study of the market for different types, applications and geography.

Following key players were also covered as part of the market landscape analysis of the masterbatches market:

  • A. Schulman

  • Ampacet Corporation

  • Clariant AG

  • Cabot Corporation

  • PolyOne Corporation

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