Masterbatche
is a mixture of pigments, polymer, colors, and additive materials. It is
available in solid & liquid forms. It is utilized to give shading and
strengthen the color & properties of plastic for applications in numerous
industries. It is encapsulated into carrier resin throughout the heating
process and then cooled to cut into granules. The key properties are extrusion
aids, antimicrobial, anti-oxidant, anti-slip, anti-static, anti-fouling, lubrication,
flame retardance, abrasion resistance, oxygen scavenger, ultraviolet light
resistance, and thermo-stabilizer.
According to study, “Global Masterbatch Market: Information by Type (Color,
White, Black, Additive), Application (Packaging, Consumer Products, Building
& Construction, Automobile Industry, Electrical & Electronics), &
Region (Asia Pacific, North America) - Forecast till 2023”
the key companies operating in the global masterbatch market are Cabot
Corporation, Clariant, PolyOne, A. Schulman, Inc., Plastika Kritis S.A., AMERICHEM,
Astra Polymers, Ampacet Corporation, Alok Masterbatches Pvt. Ltd.,
GABRIEL-CHEMIE Group, Hubron International, Prayag Polytech, Plastiblends,
POLYPLAST, DongGuan HengCai Plastic Pigment Ltd., GCR Group, Tosaf, RTP
Company.
Based on type, masterbatch market is segmented into additive masterbatch, black
masterbatch, white masterbatch, filler masterbatch and color masterbatch.
Additive masterbatch is further sub-segmented into antioxidant additive
(primary, secondary and primary & secondary), antimicrobial additive, UV
stabilizer, optical brightener, flame retardant, nucleating agent and foaming
agent or blowing agent. Color masterbatch is also further sub-segmented into
specialty color (fluorescent, metallic, phosphorescent, metallic), standard
color and tailor-made colors. Black masterbatches dominate the market due to
its extensive application in automotive and electronics industry. Based on
polymer, market is segmented into low-density polyethylene & linear
low-density polyethylene, polypropylene, polyvinyl chloride, high-density
polyethylene polyethylene terephthalate, polyurethane, polystyrene and others
(polycarbonate, polyamide, acrylonitrile butadiene styrene). The polymers help
in improving acceptance & dispersion of extensive range of plastic
additives & functional fillers. In addition, based on application, market
is segmented into consumer goods (electronics, footwear and furniture),
automotive (exterior & interior), packaging (rigid & flexible), textile,
building & construction (pipes & fittings, fences & fenestrations,
doors & windows, siding), agriculture and others (household appliances,
furniture, sports & leisure and
vegetables).
The masterbatch
industry is driven by increase in demand from automotive industry, followed
by rise in demand for personal vehicles, rise in urbanization, improvement in
disposable income, widely preferred coloring method, supportive government
regulations & policies, growth in consumer preference for sophisticated
color formulations, rise in demand for plastic products and replacement of
metals with plastics in automotive applications. However, limited supply of raw
material, rise in price of raw materials such as titanium oxide, pigments, and
black carbon, high cost of product, and stringent government regulation for its
application in food products may impact the market. Moreover, growth in
emerging nations and rise in awareness about usage of environment friendly
products are key opportunities for market.
Based on geography, the Asian-Pacific region
holds major share in masterbatch market owing to favorable regulatory policies
towards automotive industries and rapid growth in packaging industry in the
region. The European and North-American regions are expected to witness
lucrative growth due to fast-paced industrialization, growth in number of
exports and rise in consumption of consumer goods and building &
construction activities over the forecast period.
For more information on the research report,
refer to below link:-
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