Masterbatch Market – Opportunities And Challenges

PUNE, India, 2019-Dec-06 — /EPR Network/ — The report “Masterbatch Market by Type (Color, Additive, White, Black, Filler), Polymer (PP, LDPE & LLDPE, HDPE, PVC, PET, PUR, PS), Application (Packaging, Building & Construction, Automotive, Consumer Goods, Textile, Agriculture) – Global Forecast to 2023”. According to the report, it is estimated that the global masterbatch market size is expected to reach USD 14.0 billion by 2023, which is a 5% CAGR, from an approximate value of USD 11.0 billion in 2018. The rise of the masterbatch industry is enhanced due to the increasing demand for plastic. Industries like automotive, building & construction and consumer goods prefer colored plastics. Lightweight plastics are replacing concrete, metals and steel components.

Browse 123 market data Tables and 44 Figures spread through 159 Pages and in-depth TOC on “Masterbatch Market”

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Colour segment is driving the lead of Masterbatch market with high CAGR

From 2018 to 2023, it is expected that the color segment will lead to an increase in CAGR, especially its value. Colour dominance is increasing and is in a lot of demand especially in building & construction, packaging, textile, automotive, agriculture, consumer goods and many more. It is the packaging sector that has triggered the increase of color segment of masterbatch market. Different color tones play a vital role in attracting large number of customers. This is the reason why the color segment is projected to lead the masterbatch industry.

Automotive application has led to the growth of the masterbatch market due to the replacement of heavy metals from lightweight plastics

The automotive sector has played a vital role in registering the highest CAGR from 2018 to 2023. Plastics are better in terms of electrical, mechanical, thermal and physical properties as compared to the metals. Engineered plastics are used worldwide for a multitude of applications in the automotive sector. Various components of the vehicle like seatbelts, steering wheels, bumpers, dashboards, and airbags are being replaced with it. Continuous advancement and innovation are taking place that has consequently increased the demand for lightweight materials. This rising demand and its amazing benefits have replaced the metals with plastics.

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It is estimated that APAC would dominate the masterbatch market

The study and forecasting of the masterbatch market have been done for Africa, APAC, North America, South America, the Middle East, and Europe. During the previous forecast period, it was registered that APAC is dominating the masterbatch industry with the highest CAGR in value terms.

The two vital factors that have boosted the growth of the masterbatch market include its increasing demand in the packaging sector along with the consequent increase in the population of the middle-class. These two factors have significantly driven the masterbatch market.

Above all, the key players of the masterbatch market along with the prominent providers are Ampacet Corporation (United States), Clariant AG (Switzerland), Plasticblends India Ltd. (India), Cabot Corporation (United States), Penn Colour, Inc. (United States), A. Schulman, Inc. (United States), Tosaf  Group (Israel), Humbron International (United Kingdom), Plastic Kritis S.A. (Greece), Polyone Corporation (United States).

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