Masterbatches are the mixtures of liquid or solid additives or pigments majorly employed for the enhancement or the coloring the several other properties of polymers such as UV stabilizing, flame retardation, antistatic and anti locking among others. Masterbatches can be broadly deployed by several technological procedures such as injection, blow, spinning and others. Increasing end user markets such as packaging, automobile and healthcare is one of the major aspects accelerating the overall demand for masterbatches hence in turn fueling the global masterbatch market. In addition to this, rising demand for plastics majorly from packaging, luxury goods and construction industries are some other major factors accelerating the growth of the global masterbatch market during the forecast period.
The rising demand for ultra light weight vehicles around the world is considered to be one of the major factors surging the demand for masterbatches across the globe due to increasing concerns of the European Union to reduce the overall emissions of greenhouse gases such as ammonia and CO2. However, factors such as increasing prices of crude oil coupled with strict environmental policies and norms associated with the non biodegradability of polymers are some other key aspects anticipated to pose a significant challenge to the growth of the overall plastic and polymers industries which is in turn is expected to hinder the growth of the global masterbatch market in the foreseeable years.
The global masterbatch market can be segmented on the basis of application, type and region. On the basis of type, the global masterbatch market can be classified into white, black, filler, color and additives. Based on application, the global masterbatch market can be bifurcated into packaging, building & construction, consumer goods, automotive, textiles and others. On the basis of region, the global masterbatch market can be segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. The robust demand especially in the Asia Pacific region is anticipated to be one of the key driving factors for the overall growth of the global market. Moreover, China is further projected to account for the highest share in the global market and is predictable to maintain its lead in the overall demand during the forecast period. This can be attributed to rapid industrialization and increasing urbanization during the past few years. The markets in various other developing economies such as Indonesia, Poland, Brazil, Russia, Argentina, New Zealand, Korea and India among others are also predictable to witness a rapid growth throughout the forecast period. In addition to this, rising per capita disposable income and surge in the global economy is also another key factor which is anticipated to bring impetus in the growth of the global market during the forecast period.
Key players operating in the global market are focused on some of the major market strategies such as partnerships, mergers, collaborations and acquisitions in order to keep hold in the ever competitive global market. In addition, they are concentrating on gaining hold on the local players to strengthen their goodwill as well as to enhance their market reach in the global market.
Some of the major players operating in the global master batch market include PolyOne Corporation, Clariant International Ltd., Ampacet Corporation, Ferro Corporation and GABRIEL-CHEMIE GROUP among others. Master batch market in North America and Europe is mostly consolidated as the master batch market in LAMEA and Asia Pacific has a typically fragmented nature where in only China accounts for around 500 masterbatch manufacturers. Due to a huge number of mergers and acquisitions taking place around the world, the rivalry in the global masterbatch market is projected to reduce during the forecasted period.
The global master batch market can be segmented
On the basis of type
On the basis of application
• Building & construction
• Consumer goods
On the basis of region
• North America
• Latin America
• Middle East & Africa
• Asia Pacific