Global Masterbatch Market – Global Forecast and Opportunity Assessment by Technavio

LONDON–(BUSINESS WIRE)–#Pigments–According to the latest market study released by Technavio,
the global
masterbatch market
is expected to reach USD 13,040.3 million by
2021, growing at a CAGR of almost 7%.


This research report titled ‘Global
Masterbatch Market 2017-2021
’ provides an in-depth analysis of
the market in terms of revenue and emerging market trends. This market
research report also includes up to date analysis and forecasts for
various market segments and all geographical regions.

The global masterbatch market is expected to witness a significant
growth during the forecast period owing to rising consumption of
masterbatch products into plastic products and increasing demand for
plastic products in end-user industries such as packaging, consumer
goods, automotive and building and construction. Masterbatches allows
plastic manufacturers to improve the appurtenance and performance of the
raw polymer and plastic products cost-effectively during the plastic
manufacturing process. Rapid industrialization is one of the major
driving factors for the global masterbatch market.

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Technavio’s chemicals
and materials
research analysts categorize the global
masterbatch market into the following segments by type. They are:

  • White
  • Black
  • Color
  • Additive

The top three type segments for the global masterbatch market are
discussed below:

White masterbatches

White masterbatches are widely used to provide absolute white color to
the plastic products. These compounds help in maintaining the opacity
and brightness of the plastic products. Various materials can be used in
masterbatches to provide a white appearance, but titanium dioxide is
preferred in the industry due to its particle size of 0.19-0.22 microns,
high refractive index, and tinting strength.

According to Ajay Adikari, a lead paints,
coatings, and pigments
research analyst from Technavio, “Common
applications for white masterbatches are lamination, non-woven
application, multilayer film, monolayer film, blow molding,
thermoforming molding, rotational molding, injection molding, woven
sacks, and sheets. White masterbatches are widely preferred due to
various application advantages such as attractive gloss, high
weatherability, high opacity, absolute brightness, uniform particle
size, and superior dispersion with polymers.

Black masterbatches

Black masterbatches are largely used for the coloration of plastic
compounds. They help in the extending the operational life of various
products such as film, pipe, garbage bag, shopping bag, automotive
molding, film extrusion, drip irrigation, injection molding, blow
molding, monofilament, rotational molding, and high-density PE pipes and
cables.

These masterbatches are predominantly used in several end-user
industries such as infrastructure, construction, automotive, consumer
goods, food contact, packaging, industrial, and agriculture. Black
masterbatches are widely preferred due to various application advantages
such as durability to external weather conditions, superior ultraviolet
stability, resistance against high temperature, acceptance for food
contact, conductivity and antistatic properties, stability against light
,”
says Ajay.

Color masterbatches

Color masterbatches are largely used to provide varied colored plastic
products. These masterbatches offer a wide range of colors to plastic
products and provide an aesthetic appearance. Along with the carrier
resin, color masterbatches consist of various colored dyes and pigments.

Color masterbatches can be used with polyolefins, polyesters,
engineering polymers, and biopolymers such as polylactic acid,
polyhydroxybutyrate, and polyhydroxyalkanoate. These are predominantly
used in various end-user industries such as appliances, electronics,
connectors, automotive, transportation, construction, healthcare,
military and government, consumer and sporting goods, packaging for food
articles, industrial equipment, and power tools.

The top vendors highlighted by Technavio’s research analysts in this
report are:

  • Schulman
  • Cabot
  • Clariant
  • PLASTIKA KRITIS
  • PolyOne

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About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.

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