According to the latest report by IMARC Group, titled “Masterbatch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global masterbatch market size experienced healthy growth during 2014-2019. A masterbatch is a mixture of pigments, additives and carrier resins, which is widely used for coloring and protecting the polymer from harmful ultra-violet (UV) radiations. It is also used for enhancing the antistatic, antifog, antilocking, UV stabilizing and flame retardation properties of polymers. It is employed in the construction, automotive, textile, agriculture and food and beverage (F&B) industries across the globe.
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A masterbatch is used in the production of construction materials on account of its properties, which include electrical conductivity and resistance against high temperatures. In line with this, the increasing construction activities around the world are bolstering the market growth. Furthermore, stringent environmental regulations imposed by governments of several countries are encouraging automotive companies to use lightweight materials for reducing weight and increasing fuel efficiency. Plastics, produced from masterbatches, are utilized in the manufacturing of different automotive components. Apart from this, hectic lifestyles and inflating income levels are escalating the demand the packaged food items, which in turn, is expected to provide lucrative opportunities for the manufacturers operating in the industry in the upcoming years.
Breakup by Type:
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Breakup by Polymer Type:
Breakup by Application:
- Building & Construction
- Consumer Goods
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined with some of the key players being A. Schulman Inc., Americhem, Ampacet Corporation, Cabot Corporation, Clariant AG, Gabriel-Chemie, Hubron International, Penn Color Inc., Plastiblends India, Plastika Kritis S.A., Polyone Corporation, Polyplast Muller, RTP Company, Tosaf Group, etc.
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