MASTERBATCH MARKET TO REACH USD 12.9 BILLION BY 2024 | CAGR 5.2% – FORENCIS RESEARCH

Masterbatch Market Size, Share, Trends, Growth, Analysis, Research

Global Masterbatch Market: Key Highlights

  • According to the new market research report Masterbatch Market by Type (Color, White, Black, Additives, Others), by Polymer (Polypropylene (PP), High-density polyethylene (HDPE), Polyvinyl chloride (PVC), Polyurethane (PUR), Polyethylene Terephthalate (PET), Others), by End-User (Automotive, Construction, Textile, Agriculture, Consumer Goods, Others), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2019 to 2024)”, the global Masterbatch market is estimated to reach USD 5.9 Billion by 2027 at a CAGR of around 5.2% during the review period.
  • Masterbatch is a solid product in which additives or pigments are optimally dispersed at a high concentration in carrier materials
  • Masterbatch are a type of additives which are produced in black, white, and various other colors. These variations in color additives are used to combine and form the desired color in target applications
  • Plastic is devoid of color and masterbatch is used to impart color and strengthen the properties of plastics in various applications. Masterbatch has become an integral part of polymer and plastic manufacturing

Masterbatch Market

Global Masterbatch Market: Key Market Dynamics

  • Rising consumption of plastics in the automotive industry is expected to surge the demand for masterbatch market growth during the forecast period.
  • Consumption of plastics in the packaging industry is one of the factors expected to surge product demand during the forecast period.
  • Increasing number of local players coming up with the availability of lower quality and cheaper products is expected to hinder the growth of the product market during the forecast period

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Global Masterbatch Market: Regional Overview

  • Europe

The masterbatch market in the Europe region is projected to witness high demand due to the increased demand can be attributed to the presence of a number of end-use industries including automotive, packaging, building & construction, and consumer goods. Additionally, fast-paced industrialization, growing consumption of consumer goods, and building and construction activities in the region coupled with growing number of exports are some of the factors expected to surge the demand.  

  • Asia-Pacific

The countries in the region, such as India, China, and Taiwan, are witnessing strong demand for packaging, which is a key application of masterbatch. Increasing the purchasing power of consumers and rise in the middle-class population in this region is increasing the demand for plastic products in APAC, which, in turn, drives the masterbatch market in this region.

Global Masterbatch Market: Key Players Overview

  • Clariant:

Clariant operates through seven business segments namely, additives, catalysts, functional minerals, industrial & consumer specialties, oil & mining services, and pigments. In February 2019, Clariant has expanded its masterbatch production facility in Maine, Sweden, and Singapore. This expansion will help the company to meet the increasing demand from customers.

  • BASF SE:

BASF SE was incorporated in 1865 and is one of the leading chemical companies. BASF SE operates through various business segments namely chemicals, materials, industrial solution, surface technologies, nutrition & care, and agriculture solutions. In 2019, the company generated revenue of USD 66.71 billion.

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Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. We strive to help our clients to foray into uncharted space to attain increased revenue growth for the present as well as the future.

 

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Rep Id : CM 028

Published : 2020-01-20

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