Data Bridge Market Research analyses that the masterbatch market will witness a CAGR of 6.07% for the forecast period of 2021-2028. Growth in the application of colour masterbatch, growing use of masterbatch for a wide range of end use applications such as packaging, building and construction, consumer goods, automotive, textile, agriculture, transportation, cosmetics and pharmaceuticals, electronics and electrical and others and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the masterbatch market.
Masterbatches are the liquid or solid mixtures of pigments and additives which are used in enhancing the properties of polymers. These are used for their flame retardant, UV stabilizing and antistatic and anti-locking properties. In short, masterbatches enhance the quality and performance of plastics and packaging materials.
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Global Masterbatch Market Scope and Market Size
The masterbatch market is segmented on the basis of type, polymer and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
On the basis of type, the masterbatch market is segmented into colour masterbatch, additive masterbatch, white masterbatch, black masterbatch and filler masterbatch. Colour masterbatch segment is sub-segmented into standard colour, specialty colour and tailor-made colours. Speciality colour segment is further bifurcated into metallic, pearlescent, fluorescent and phosphorescent. Additive masterbatch segment is sub-segmented into antimicrobial additive, antioxidant additive, flame retardant, UV stabilizer, foaming agent/blowing agent, optical brightener and nucleating agent. Antioxidant additive segment is further bifurcated into primary, secondary and primary and secondary.
On the basis of polymer, the masterbatch market is segmented into polypropylene, polyethylene, polyvinyl chloride, polyurethane, polyethylene terephthalate, polystyrene, polycarbonate, acrylonitrile butadiene styrene and polyamide. Polyethylene segment is sub-segmented into low-density polyethylene and linear low-density polyethylene and high-density polyethylene.
On the basis of application, the masterbatch market is segmented into packaging, building and construction, consumer goods, automotive, textile, agriculture, transportation, cosmetics and pharmaceuticals, electronics and electrical and others. Packaging segment is sub-segmented into rigid packaging and flexible packaging. Building and construction segment is sub-segmented into pipes and fittings, doors and windows, fences and fenestrations and siding. Consumer goods segment is sub-segmented into electronics, furniture and footwear. Automotive segment is sub-segmented into exterior and interior.
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Competitive Landscape and Masterbatch Market Share Analysis
The masterbatch market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the masterbatch market.
The major players covered in the masterbatch market report are Avient Corporation, Ampacet Corporation, Penn Color Inc., Clariant, PolyOne Corporation, Cabot Corporation, PLASTIKA KRITIS, Plastiblends, Hubron International., Tosaf Compounds Ltd., RTP Company, Primex Color, Compounding & Additives, K.D. FEDDERSEN, High Tecnology Masterbatches S.L., Americhem., Astra Polymers, Jiangsu Pulaike Hongmei Masterbatch Co., Ltd., CONSTAB and Dainichiseika Color & ChemicalS Mfg. Co.,Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Masterbatch Market Country Level Analysis
The masterbatch market is analysed and market size, volume information is provided by country, type, polymer and application as referenced above.
The countries covered in the masterbatch market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the masterbatch market and will continue to flourish its dominance during the forecast period owing to the growing application by automotive industry. Asia-Pacific will continue to undergo substantial gains for this period growth and expansion of various end user verticals especially in the developing economies such as India and China.
The country section of the masterbatch market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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