The global masterbatchesmarket size is likely to reach USD 13.32 billionby 2026 owing to the rising number of building and constructionactivities worldwide. Masterbatches are a liquid or solid additive used for
painting or for imparting various properties to the plastics. Coloring masterbatches
are utilized for coloring or shading plastic items. It can also be used for
conveying properties such as UV Stabilizer, antioxidant, effect, energy, and
bio-degradable. A recent report by Fortune Business Insights offers insights
into the market and its prime growth trajectories. As per the report titled, “MasterbatchesMarket Size, Share & Industry Analysis, By Type (White, Black, Color,
Additive, and Fillers), By Polymer (Polyethylene, Polypropylene, Polyvinyl
Chloride, Polyethylene Terephthalate, and Others), and By End-Use (Packaging,
Building & Construction, Consumer Good, Automotive, Agriculture, and
Others), and Regional Forecast, 2019-2026,” the value of the market was USD10,991.04 Million in 2018 and is likely to exhibit a CAGR of 5.3% during the
forecast period, 2019 to 2026.
What is the Scope of the Report?
Thereport is based on an in-depth analysis of the market and offers a comprehensive
ve overview of the same. The report focuses on factors boosting, repelling,
challenging, and creating opportunities for the market. It also discusses the
table of segmentation of the market based on factors such as type, polymer, end-use,
and geography and lists the names of the leading segment with its attributed
factors. In addition to this, the report throws light on recent industry
developments, current trends, and other interesting insights into the market.
It also lists the names of players operating in the market and the major
strategies adopted by them to gain a competitive edge in the market.
Market Drivers
Rise in Demand for Plastic from PharmaceuticalIndustry for Packaging will Bolster Growth
Variousfactors are responsible for the global masterbatches market growth. These
include the rise in construction activities for all residential, commercial,
and industrial purposes, increasing demand for automobiles, especially
lightweight vehicles, and the increasing preference for plastic goods
worldwide. On the contrary, factors such as the fluctuating price of raw
materials such as titanium dioxide, polymers, and others with a high volatile
nature may pose a major challenge to the overall market. Nevertheless, increasing
demand for plastic packaging from sectors such as food and beverage and
pharmaceuticals are likely to create lucrative growth opportunities for the
market in the coming years.
Regional Segmentation
Asia Pacific to ContinueDominance with Increasing Consumer Expenditure on Infrastructural Development
In 2018, Asia Pacific emerged dominant in the marketwith a revenue of USD 3,998.14 Million. This is attributed to the high demand
for packaging from key economies such as China, India, and Taiwan. Besides
this, the rise in consumer expenditure on power and the increasing demand for
plastic goods will also help promote the regional market in the forthcoming
years. Furthermore, the rapid growth of packaging, consumer goods, and
automotive companies and the rise in agriculture sectors is anticipated to help
this region continue dominating the market in the coming years.
On the other side, the market in Europe will witnessremarkable growth on account of the rising demand from industries such as
automotive, building and construction, and the rising popularity of lightweight
vehicles in the region.
Competitive Landscape
Fragmented Nature of Market will Intensify Competition
Theglobal masterbatches market enjoys a fragmented nature of the market owing to
the presence of various players both small and medium-sized. Companies are
aiming at a large network of distribution and providing a good supply chain
with regulatory expertise. Other players are engaging in collaborative efforts
such as joint ventures, partnerships, mergers and acquisitions, contracts and
agreements, and others to gain a competitive edge in the market on the one side
and earn attracting revenue on the other.
List of Masterbatches Market Manufacturers include:
· AmpacetCorporation
· PolyOne
· PLASTIKAKRITIS S.A.
· HubronInternational
· PennColor Inc.
· Clariant
· A.Schulman, Inc.
