CHICAGO, August 1, 2022 /PRNewswire/ — Masterbatches Market should reach $14.3 billion by 2025 at a CAGR of 5.1% $11.1 billion in 2020, according to the exclusive report of MarketsandMarkets™. Masterbatch is a mixture of pigments, additives and polymer materials (carrier resin). It is used as a chemical ingredient to improve the properties of plastics and impart color shades. Masterbatch is widely available in the form of granules to facilitate the processing of plastic products. Color, additive, black, white and filler are the different types of masterbatches used in polymers such as PP, LDPE and LLDPE, HDPE, PVC, PET, PS and PURE. Some of the important applications of the masterbatch are packaging, building and construction, automotive, consumer goods, textiles and agriculture.
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PP is the largest polymer segment in the Masterbatch market. APAC was the largest market for masterbatches in 2019, in terms of volume and value. Factors such as widely preferred staining method worldwide will determine the Masterbatch market.
“Color masterbatch is expected to be the fastest growing type of masterbatch between 2020 and 2025”
The color segment is estimated to account for the largest share of the market. The growing need for color masterbatches in packaging, building and construction, automotive, consumer goods and agricultural applications to increase the aesthetic appeal of the product is driving the market for color masterbatches. There are different types of color masterbatches, namely standard color, special color and custom color. The standard color is used to give a standard color to plastics. This type of masterbatch is readily available in basic colors such as red, blue, green, and yellow. The specialty color masterbatch is primarily used for high visibility and is readily available from manufacturers such as metallic, pearlescent, fluorescent, and phosphorescent. Finally, bespoke color is custom color based on consumer demand.
“LDPE and LLDPE are expected to be the fastest growing polymers for masterbatches between 2020 and 2025”
LDPE & LLDPE is the fastest growing polymer for masterbatches. It is expected to register a higher CAGR in terms of value from 2020 to 2025. This growth is attributed to its relatively low production cost and increasing use in various applications, such as consumer goods, packaging, medicine and Healthcare. They are the most commonly used plastics in different applications mainly due to their cost and characteristics. On the other hand, high performance plastics are used in applications where specific functionality is needed to withstand extreme conditions.
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“Packaging is expected to be the fastest growing application in the masterbatch market between 2020 and 2025”
Packaging is widely used for the protection and transport of goods used at the retail, industrial and institutional levels. The availability of a wide variety of plastics and their compliance with regulatory standards make them the most widely used packaging material. Plastics can be molded, extruded, blown and cast into films, sheets, foams and pellets. They also help to give a better aesthetic appeal to the packaging, as they provide the required color, shape, size, usefulness, printing, weight and protection. The growth in the use of plastics in the packaging industry is driving the demand for masterbatches. The growing importance of color in marketing and branding activities is further fueling the growth of the Masterbatch market.
APAC is expected to be the fastest growing region for Masterbatch Market during the forecast period
APAC is expected to be the largest Masterbatch market between 2020 and 2025. The dominance of this region in the global market is attributed to the growing demand from developing countries such as Taiwan, Indiaand China for infrastructure development, which is one of the main drivers of the market. High economic growth, growing manufacturing industries and availability of low cost labor are some of the factors driving the growth of the Masterbatch market in the region. The increased demand for plastic has led to the expansion of plastic manufacturing plants in the region. Therefore, the per capita consumption of plastics is expected to rise significantly between 2020 and 2025, thereby driving the Masterbatch market.
Major Market Players Profiled in the Masterbatch Market Report Include:
- LyondellBasell (USA)
- Avient Corporation (USA)
- Ampacet Corporation (USA)
- Cabot Corporation (USA)
- Plastika Kritis AG (Greece)
- Plastiblends India Ltd. (India)
- Hubron International (UK)
- Tosaf Group (Israel), and
- Penn Color, Inc. (USA)
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Color Masterbatch Market by Type (Standard Color, Bespoke Color, Special Color), Carrier Resin (Pe, Pp, Ps) and End-Use Industry (Packaging, Building & Construction, Consumer Goods, Automotive, Agriculture) – Global Trends & Forecasts up to in 2021
Additive Masterbatch Market by Type (Antimicrobial, Antioxidant, Flame Retardants), Carrier Resin (Pe, Pp, Ps) and End-Use Industry (Packaging, Building & Construction, Consumer Goods, Automotive, Agriculture) – Global Trends and Forecasts to 2021
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