Masterbatch is a kind of supplement in solid or liquid form. It is used in manufacturing colored plastics. It also enhances related plastic properties such as antilocking, UV stabilizing, antistatic, and flame retardation. It is the concentrated amalgam of additives that undergo several heating processes and then is cooled and shaped in granular dimension. Various techniques used for masterbatches are spinning, injection, blowing, and others. The additive masterbatch is an advanced version of the masterbatch and is more durable.
Increasing demand of masterbatches in healthcare, appliances, packaging, automotive, consumer goods, and building & construction is expected to forester the global masterbatch market in future. Niche innovations and improved qualities of masterbatch will boost the global market in the coming years. Increasing consumption of the masterbatch owing to growing population will also fuel the market. In addition, rising demand for plastics in packaging and construction industry is also anticipated to drive the global masterbatch market in future. The packaging industry is anticipated to witness significant growth in the market.
The global masterbatch market is segmented on the basis of types as the white masterbatch, black masterbatch, color masterbatch, and additive masterbatch. The color masterbatch accounted for the largest market share. Color masterbatches are majorly used in the production of plastics various industries such as in food and beverages, automotive, pharmaceutical and automotive, and packaging. Based on the raw material, the global masterbatch market is segmented as the carrier, pigments, dispersant, and others. On the basis of products, the global masterbatch market is segmented as flame retardants, antioxidant, antimicrobial, and others. The antimicrobial segment is the leading segment of all.
Asia Pacific shows an escalating growth in the construction and automobile industries, this, in turn, is anticipated to boost the demand. In addition, developing the industrial network in Asia Pacific impacts the global market positively. Latin America and the Middle East show a considerable growth in the global masterbatch market. Further, Europe and North America are anticipated to be the emerging markets for the masterbatch in future.
The major competitors dominating the global masterbatch market are Americhem, Inc., Clariant International Ltd., Ampacet Corporation, Gabriel–Chemie Group, Ferro Corporation, PolyOne Corporation, and A. Schulman Inc. Other key players influencing the global market are Plastika Kritis S.A., Polyplast Muller GmbH, RTP Company, Plastiblends India Ltd., DOW Corning Corporation, PolyOne Corporation, Tosaf Group, and O'neil Color & Compounding.
The Global Masterbatch Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa