Masterbatch is a blend of pigments, additives, and polymer materials (carrier resin). It is used as a chemical ingredient to enhance the properties of plastics and impart shades of color. Masterbatch is widely available in granular shape for easy processing of plastic products. Color, additive, black, white, and filler are the different types of masterbatches used in polymers such as PP, LDPE & LLDPE, HDPE, PVC, PET, PS, and PUR. Some of the important applications of masterbatch are packaging, building & construction, automotive, consumer goods, textile, and agriculture.
PP is the largest polymer segment of the masterbatch market. APAC was the largest market for masterbatch in 2019, in terms of both volume and value. Factors such as the widely preferred coloring method all over the world will drive the masterbatch market.
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- 288 Market data Tables
- 85 Figures
- 281 Pages and in-depth TOC on “Masterbatch Market – Global Forecast to 2025″
This report also provides a comprehensive analysis of the companies listed below:
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), and Penn Color, Inc. (US)
The demand of these masterbatches were impacted due to outbreak of COVID-19, globally. In the beginning of 2020, many countries witnessed the COVID-19 and its adverse impact on human as well as industrial operations. The production in different end-use industries were temporarily stopped and resulted in decline of masterbatch demand in their respective applications. Color
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“LDPE & LLDPE is projected to be fastest growing polymer for masterbatch between 2020 and 2025”
LDPE & LLDPE is the fastest-growing polymer for masterbatch. It is projected to register a higher CAGR of in terms of value, between 2020 and 2025. This growth is attributed to its relatively low cost of production and its increasing use in various applications, such as consumer goods, packaging, and medical & healthcare. These are the most common plastics used in different applications, mainly due to their cost and their characteristics. On the other hand, high performance plastics are used in applications where specific functionalities are required to sustain in extreme conditions.
“Packaging is projected to be the fastest growing application in masterbatch market between 2020 and 2025.”
Packaging is widely for the protection and transportation of goods utilized at the retail, industrial, and institutional levels. The availability of a wide variety of plastics and their adherence to regulatory standards make them the most extensively used material for packaging. Plastics can be molded, extruded, blown, and cast into films, sheets, foams, and pellets. They also help to provide better aesthetic appeal to the packaging, as they provide the required color, shape, size, utility, printing, weight, and protection. Growth in the use of plastics in the packaging industry is driving the demand for masterbatch. The growing importance of color in marketing and branding activities is further fueling the growth of the masterbatch market.