18-Sep-2019 | Zion Market Research
Zion Market Research has published a new report titled “Masterbatch Market By Type (Color, Additive, White, Black, and Filler), By Polymer Type (Polypropylene, Polyethylene, Polyvinyl Chloride, Polyurethane, Polyethylene Terephthalate, Polystyrene, and Others), and By End-User (Building & Construction, Automotive, Packaging, Consumer Goods, Textile, Agriculture, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global masterbatch market was USD 10.17 billion in 2018 and is expected to reach around USD 14.41 billion by 2025, at a CAGR of 5.1% between 2019 and 2025.
Masterbatch is a liquid or solid additive that is used to enhance or color the existing properties of different polymers, such as antilocking, antistatic, and UV stabilization. Masterbatch is a concentrated mixture of pigments or additives that is cooled into a granular resin after a heat process.
Browse the full “Masterbatch Market By Type (Color, Additive, White, Black, and Filler), By Polymer Type (Polypropylene, Polyethylene, Polyvinyl Chloride, Polyurethane, Polyethylene Terephthalate, Polystyrene, and Others), and By End-User (Building & Construction, Automotive, Packaging, Consumer Goods, Textile, Agriculture, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/global-masterbatch-market
The global masterbatch market is projected to witness notable growth in the upcoming years, owing to its growing usage in the building and construction industry and flourishing packaging industry across the globe. The rising use of plastics in the automotive sector to produce lightweight vehicles and improve fuel efficiency is further estimated to fuel the masterbatch market growth globally. However, the stringent environmental regulations regarding the non-biodegradability of plastics may hamper the masterbatch market growth.
The masterbatch market is classified on the basis of type, polymer type, and end-user. The type segment of the masterbatch market includes color, additive, white, black, and filler masterbatch. In 2018, the color masterbatch segment contributed the largest market share globally and is expected to sustain its dominance in the upcoming years as well. By polymer type, the masterbatch market includes polyethylene, polypropylene, polyurethane, polyvinyl chloride, polystyrene, polyethylene terephthalate, and others. Polyethylene dominated the market in 2018 and is expected to maintain its dominance over the forecast time period as well. This can be attributed to the extensive use of polyethylene in packaging, building and construction, and automotive industries. The end-user segment of the market for masterbatch includes building and construction, automotive, packaging, consumer goods, textile, agriculture, and others. In 2018, the packaging industry dominated the global masterbatch market in terms of both revenue and volume.
In 2018, the Asia Pacific masterbatch market dominated globally and is anticipated to maintain its dominance in the future as well. The regional dominance can be attributed to rapidly increasing masterbatch demand and the increasing masterbatch consumption in the construction industry in the emerging economies of India, China, Japan, and Indonesia. Moreover, the growing masterbatch demand in the packaging industry is also likely to fuel this regional market. Additionally, the rising applications of masterbatch in the textile industry will further fuel this regional market growth in the years ahead. The Middle East and Africa is likely to witness moderate market growth over the estimated timeframe.
Some major players of the masterbatch market are Ampacet, PolyOne Corporation, Clariant International, Ferro Corporation, Gabriel–Chemie, Polyplast Muller, Plastika Kritis, RTP Company, A. Schulman, Dow Corning Corporation, and Americhem.
This report segments the global masterbatch market into:
Global Masterbatch Market: Type Analysis
Global Masterbatch Market: Polymer Type Analysis
Global Masterbatch Market: End-User Analysis
Global Masterbatch Market: Regional Analysis
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