Masterbatch Market Size, Industry Share, Trends, Analysis and Forecast to 2023

PS LogoLaunch of new products and upcoming new technologies are the common trends in the global masterbatch market. Growth in masterbatch market is directly associated to the amount of polymer consumption in a region. Increasing production of plastic products and components, steady economic growth, innovation in packaging products, rapid industrialization and continuous penetration of masterbatch through different types of coloring methods are the key drivers in the masterbatch market.
Masterbatches are classified into four categories; black, white, color and additive masterbatches, depending on the color or certain functional properties they impart to the base polymer. Color masterbatches are often used in the production of plastics for food and beverage packaging applications, appliances, automotive and pharmaceutical packaging.
The global masterbatch market has been segmented on the basis of product type and applications. Based on product type the global masterbatch market can be divided into black, white, colour, additive and filler masterbatches.
Masterbatch
Growth in the specialty masterbatches products in selected end-user markets offers huge growth opportunities in the masterbatch market. Manufacturers of consumer products are increasingly seeking packaging materials that enable low cost production and ensure effective storage and transportation.
In terms of geography, Asia-Pacific dominates the global masterbatch market. In the Asia–Pacific region, packaging represents the largest end-use market for masterbatch production.
Some of the key competitors of the global masterbatch market are A. Schulman, Inc., AMERICHEM, Ampacet Corporation, BASF SE, Cabot Corporation, Clariant, PolyOne Corporation, among others. Ferro Corporation, Tosaf Compounds Ltd., Dow Corning Corporation, Multibase, Foshan Laicai Plastic Masterbatch Co., Ltd., Hebron Ltd., ItalMaster, PolyOne Corporation, GABRIEL-CHEMIE Gesellschaft m. b. H., Ingenia Polymers Corp., Plastika Kritis S.A.
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