Masterbatch Market Size By Type (Black, White, Color, Additive), By End-user (Automotive, Consumer Goods, Packaging, Agriculture, Construction), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026

Industry Trends

Masterbatch Market size was recorded at over USD 9.5 billion in 2018 and will witness growth by a CAGR of around 5.5% up to 2026.
 

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Masterbatches are a plastic additives in the form of solid or liquid, which protect the polymers from various harmful radiations, while imparting color and strengthening the mechanical properties. The plastic market is densely concentrated in China and the South Asian countries due to the availability of low cost labor and raw materials. The various types of color additives offer enhanced properties to the polymers and are produced with the help of different dyes and pigments. They are then processed along with resins or polymers to provide the desired color to plastics, which are further used in numerous applications such as in automotive parts and packaging activities. Major players in the market are escalating their research and development endeavors to further improve the efficiency of the masterbatches.
 

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Lightweight automotive parts are surging the product sale globally

The market is likely to witness a steady increase in the product sales owing to the varied range of application. Substantial rise in the automotive sector in Europe and Asia Pacific will successively bolster the masterbatch market size over the coming years. The product is used in the production of different plastic based auto parts such as interiors, exteriors, and under the hood components. Replacement of conventional metal auto parts with plastic components, due to lighter weight and high mechanical properties, is driving the product demand in this industry. In addition to this, government initiatives & polices are positively influencing the automobile production in the region. China is investing heavily on the development of electric vehicles made up of plastic parts for maintaining light weight and enhancing speed. Such innovations will drive the entire product usage in the future years. Moreover, surging trends for the use of bio-based plastic products in agriculture films and packaging applications are further anticipated to boost the trade of this product type over the coming years.
 

Increasing prices of the product is one of the main concerning factors hindering the growth of overall market in coming years. The main reason for the swelling prices are the surged prices of raw materials used in production of the final product. Prices of raw materials such as black carbon, titanium oxide, pigments and others are quite high. Also, there are various polymer resins that are used as carriers during production of masterbatch. The growing product sales in various end-use industries has catapulted the demand for various raw material as well. However, the raw material supply is not in line with increasing additive production, that is creating a supply gap in value chain.
 

Black & white masterbatches are set to lead the way

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The products are segmented according to various types i.e. white, black, additive and color. Black and white masterbatches are most popularly used product types among all, that are extensively consumed in the plastics industry. Black products are the fastest growing segment, that is swelling with a CAGR over 5%. It is well known for its ultraviolet light stability, electrical conductivity, heat dissipation, resistance to high temperatures, and uniform distribution with elevated jetness. They are used in the manufacturing of various packaging boxes, automotive components, construction materials such as pipes and cables, etc. They are also used in the agricultural sector to make agricultural mulch films in order to provide shade to the crops.
 

Similarly, white products also provide high ultraviolet and thermal stability to the plastic products. They are widely used in the packaging industry for manufacturing a variety of single and multiple layered films. These are primarily composed of titanium dioxide (TiO₂) and provide brilliant whiteness to the plastic products. The brightness and opacity of the color can be altered by changing the composition and grade of TiO₂. This product is popularly used in protective and lamination films, fibers, non-woven products, plastic bottles, and various injection and blow molded products.
 

Packaging industry is unceasingly dominating the masterbatch application

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These excellent color additives are vastly used in several applications in different end-use industries such as in packaging, automotive, consumer goods, construction, agriculture etc. Based on its usage, packaging industry was responsible for a share over 30% in 2018. Packaging sector is undoubtedly the largest consumer of plastic components, and hence will have a massive product demand. It is used in rigid as well as flexible packaging applications for foods, beverages, medicines, chemicals, and several other sectors. Strong and bright colors of the packaging materials help the product to stand out in the department store shelves, thus promoting the product usage in this sector. Furthermore, changing lifestyles and increasing work hours of people have led to dependency on packaged food items. This will have a huge impact on the overall masterbatch market from the packaging sector by 2026.
 

Asia Pacific will attain undisruptive product market share

Asia Pacific, led by China, is the hub of plastic manufacturing, accounting for almost half of the global production. China also has a highly fragmented masterbatch industry with over 500 market players catering to domestic as well as international requirements. Heavy demand from the local plastic manufacturers and converters in the region will propel the sales in Asia over the next few years. Increasing high- and middle-class population in the region will lead to a higher usage of plastic end products such as automobiles, home appliances, consumer products, electronic gadgets, etc. Rapid industrial growth in the region, resulting in increasing GDP will have a positive influence on the regional product sales.
 

The worldwide masterbatch market share is significantly fragmented, and is dominated by the presence of many significant players in the market including Clariant, Hubron International, Ampacet, Tosaf Group, PolyOne, A. Schulman, Inc., Cabot, Plastiblends, and several others.
 

Masterbatch Market, By Type

• Black
• White
• Color
• Additive

Market Analysis By End-user

• Automotive
• Consumer goods
• Packaging
• Agriculture
• Construction
• Others

The above information is provided on a regional and country basis for the following:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE