The report “Black Masterbatches Market by End-Use Industry (Automotive, Packaging, Infrastructure, Electrical & Electronics, Consumer Goods, Agriculture, Fibers) and Region(APAC, Europe, North America, Middle East & Africa, South America) – Global Forecast to 2026″, is projected to reach USD 3.0 billion by 2026, at a CAGR of 4.4 % from USD 2.4 billion in 2021.
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• 209 Market data Tables
• 61 Figures
• 235 Pages and in-depth TOC on “Black Masterbatches Market – Global Forecast to 2026”
Some of the prominent key players are:
· LyondellBasell (US)
· Avient Corporation (US)
· Ampacet Corporation (US)
· Cabot Corporation (US)
· Plastika Kritis S.A. (Greece)
· Plastiblends India Ltd. (India)
· Hubron International (UK)
· Tosaf Group (Israel)
· Penn Color, Inc. (US)
Opportunities: Growth in emerging economies
The growing industrialization in emerging economies, such as China, India, South Korea, Indonesia, Thailand, Taiwan, Mexico, Brazil, and Argentina, is expected to drive the black masterbatch market in the next five years. The high demand from the packaging, building & construction, consumer goods, automotive, and agriculture applications in these countries increase the need for black masterbatch, especially for plastics used in these applications. The implementation of government policies supporting the growth of industries, low labor costs, skilled workforce, availability of raw materials, and increasing urbanization have enabled domestic and foreign companies to establish their facilities in these countries. The growth of the manufacturing industry in Malaysia, Vietnam, Colombia, and Chile is also expected to fuel the market growth.
Automotive is the largest end-use industry for black masterbatches market during the forecast period
Plastics are commonly used in the automotive industry for vehicle interiors. Nowadays, the use of plastics for exterior applications has also increased. Some of the vehicle components made of plastics are bumpers, seating, dashboards, windows, screens, light covers, airbags, insulation, seat belts, and door panels. Plastics used in the manufacture of automotive components are PBT, PET, PVC, ABS, PA, PS, PC, and PE. Implementation of stringent regulations on vehicular emissions in developed nations has led to automobile manufacturers working on weight reduction of vehicles. As plastic is used for weight reduction in vehicles, the demand for plastics in the automotive industry is increasing rapidly. Black masterbatch is used in exterior applications such as vehicle bodies, bumper, headlamp lenses, body side protection strips, window sealing profiles, and tires in the automotive industry.
APAC is expected to be the largest black masterbatches market during the forecast period, in terms of value and volume
The APAC comprises major emerging nations such as China and India. Hence, the scope for the development of most industries is high in this region. The black masterbatches market is growing significantly and offers opportunities for various manufacturers. The APAC region constitutes approximately 61.0% of the world’s population, and the manufacturing and processing sectors are growing rapidly in the region. The APAC is the largest black masterbatches market with China being the major market which is expected to grow significantly. The rising disposable incomes and rising standards of living in emerging economies in the APAC are the major drivers for this market.
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· LyondellBasell (US) · Avient Corporation (US) · Ampacet Corporation (US) · Cabot Corporation (US) · Plastika Kritis S.A. (Greece) · Plastiblends India Ltd. (India) · Hubron International (UK) · Tosaf Group (Israel) · Penn Color, Inc. (US)
Opportunities: Growth in emerging economies
The growing industrialization in emerging economies, such as China, India, South Korea, Indonesia, Thailand, Taiwan, Mexico, Brazil, and Argentina, is expected to drive the black masterbatch market in the next five years. The high demand from the packaging, building & construction, consumer goods, automotive, and agriculture applications in these countries increase the need for black masterbatch, especially for plastics used in these applications. The implementation of government policies supporting the growth of industries, low labor costs, skilled workforce, availability of raw materials, and increasing urbanization have enabled domestic and foreign companies to establish their facilities in these countries. The growth of the manufacturing industry in Malaysia, Vietnam, Colombia, and Chile is also expected to fuel the market growth.
Automotive is the largest end-use industry for black masterbatches market during the forecast period
Plastics are commonly used in the automotive industry for vehicle interiors. Nowadays, the use of plastics for exterior applications has also increased. Some of the vehicle components made of plastics are bumpers, seating, dashboards, windows, screens, light covers, airbags, insulation, seat belts, and door panels. Plastics used in the manufacture of automotive components are PBT, PET, PVC, ABS, PA, PS, PC, and PE. Implementation of stringent regulations on vehicular emissions in developed nations has led to automobile manufacturers working on weight reduction of vehicles. As plastic is used for weight reduction in vehicles, the demand for plastics in the automotive industry is increasing rapidly. Black masterbatch is used in exterior applications such as vehicle bodies, bumper, headlamp lenses, body side protection strips, window sealing profiles, and tires in the automotive industry.
APAC is expected to be the largest black masterbatches market during the forecast period, in terms of value and volume
The APAC comprises major emerging nations such as China and India. Hence, the scope for the development of most industries is high in this region. The black masterbatches market is growing significantly and offers opportunities for various manufacturers. The APAC region constitutes approximately 61.0% of the world’s population, and the manufacturing and processing sectors are growing rapidly in the region. The APAC is the largest black masterbatches market with China being the major market which is expected to grow significantly. The rising disposable incomes and rising standards of living in emerging economies in the APAC are the major drivers for this market. |
