Masterbatch Market Size Worth over 11,903.45 Million by 2023: CAGR 5.54% in International Market

London, UK -- (SBWire) -- 02/27/2019 --The new research from Ameco Research on Global Masterbatch Market Report for 2023 intends to offer target audience with the fresh outlook on market and fill in the knowledge gaps with the help of processed information and opinions from industry experts. The information in the research report is well-processed and a report is accumulated by industry professionals and seasoned experts in the field to ensure of the quality of research.

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Masterbatch is an additive used as colorants for plastics. It is available in solid or liquid form. It is used in manufacturing colored plastics with enhanced antilocking, antistatic, UV stabilizing, and flame retarding properties. It is a highly concentrated mixture of pigment and additives that undergo several heating processes and then is cooled and shaped in granular pellets. It has become a crucial product with diverse applications in plastic processing such as extrusion, blow molding, injection molding, among others.

According to analysis, the global masterbatch market is expected to reach USD 11,903.45 million with a robust CAGR of 5.54% in the coming years. Rising demand for plastics in automotive industry due to stringent emission regulations and growing demand from the rapidly growing packaging industry are likely to drive the market growth during the forecast period. By type, the color segment accounted for the largest market share of 33.24% in 2017 and is expected to grow at the highest CAGR of 6.60% during the forecast period. Based on application, the packaging segment dominated the market and was valued at USD 3,344.9 million in 2017 and is expected to reach USD 4,631.1 million by the end of 2023 owing to the surging demand for the product in packaged products utilized at the industrial, retail, and institutional levels. Moreover, growing popularity of masterbatch as an efficient coloring method is expected to offer ample opportunities to the market players. The automobile industry segment is likely to be the fastest-growing market with a strong CAGR of 5.66% during the review period due to the growing demand for the substitute for metals in the form of engineered plastics for its light weighting solutions. Growing use of plastics as a potential replacement for the conventional materials is likely to maintain this trend in the near future.
However, problems pertaining to the cost and complexity of color masterbatch is expected to hamper the market growth during the assessment period.

Regional Analysis

Geographically, the global masterbatch market has been studied across five key regions, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
The Asia-Pacific dominated the global market with a notable market share of 38.85% in 2017 and is expected to grow at a robust CAGR of 6.13% during the forecast period owing to the rising applicability of masterbatch in the packaging application. China is the leading country with a market share of 46.78% in 2017 and is likely to reach USD 2,277.3 by the end of 2023 due to rapid industrialization and improved living standards. The European market was the second-largest in 2017 and was valued at USD 2,104.9 million in 2017 owing to the diverse application of the product in building & construction, automotive, packaging, and consumer goods industries. Germany was the major contributor in the region and is expected to reach USD 854.2 million during the review period owing to growing R&D facilities and innovation capabilities. The North American market held a substantial market share of 21.67% and is expected to register a healthy CAGR of 5.15% during the forecast period owing to the growing demand for the product in packaging and automobile applications. The US is the major contributor in the region with a market share of 73.71% in 2017 owing to new product development and the presence of leading manufacturing companies in the region such as A. Schulman, Inc and Cabot Corporation. The Middle East & Africa market was valued at USD 805.3 million in 2017 and is expected to reach USD 1,110.7 in the following years owing to the rising demand for the product in plastic and consumer goods. The South American market is estimated to register a considerable CAGR of 5.56% during the review period owing to the increasing government spending and growing demand for the product in consumer products.

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Segmentation

The global masterbatch market has been segmented on the basis of type, application, end-use industry, and region.
Based on type, the global masterbatch market has been categorized into color, white, black, and additive.
On the basis of application, the global masterbatch market has been classified into packaging, consumer products, building & construction, automobile, electrical & electronics, and others.
The global masterbatch market has been analyzed across five major regions, namely– North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

Key Players

Some of the key players operating in the global masterbatch market are A. Schulman, Inc. (US), Cabot Corporation (US), Clariant (Switzerland), PolyOne (US), Plastika Kritis S.A. (Greece), Ampacet Corporation (US), AMERICHEM (US), Astra Polymers (Saudi Arabia), ALOK MASTERBATCHES PVT. LTD. (India), Hubron International (UK), GABRIEL-CHEMIE Group (Austria), Prayag Polytech (India), DongGuan HengCai Plastic Pigment Ltd (China), Plastiblends (India), POLYPLAST (Germany), GCR Group (Spain), Tosaf (Israel), and RTP Company (US).

Geographic Analysis

The report covers brief analysis of geographical region such as:
- North America
o US
o Canada
o Mexico
- Europe
o Germany
o Italy
o France
o UK
o Russia
o Rest of Europe
- Asia-Pacific
o China
o Japan
o India
o South Korea
o Southeast Asia
o Rest of Asia-Pacific
- South America
o Brazil
o Argentina
o Colombia
o Rest of South America
- Middle East & Africa
o UAE
o Saudi Arabia
o Egypt
o Nigeria
o South Africa
o Rest of the Middle East & Africa

Key Findings

- As per the analysis, global masterbatch market is projected to reach USD 11,903.45 million by the end of the forecast period at a CAGR of 5.54% during the assessment period.
- By type, the color segment held the largest market share of 33.24% in 2017 and is expected to reach USD 4,202.4 million in the coming years.
- Based on application, the packaging segment dominated the market with a market share of 38.12% in 2017 and is likely to register a significant CAGR of 5.90% during the forecast period.
- Asia-Pacific is to be the highly focused market for key industry participants over the coming years. Rapid industrialization, large consumer base, and growing demand for the product in packaging applications have increased the importance of masterbatch in this region among the industry players.

Intended Audience

- Masterbatch manufacturers
- Raw material suppliers
- Traders and distributors of masterbatch
- Production process industries
- Potential investors
- Government bodies
- Raw material suppliers
DC –Description
- color masterbatch
- black masterbatch
- polymer additives
- PVC masterbatch
- filler masterbatch
- packaging

Available customization:

With the given market information, Ameco research offers customization's in line with the company's specific wishes. The following customization choices unit of measurement accessible for the report:
Regional and country-level analysis of the Global Masterbatch Market, by end-use.
Detailed analysis and profiles of additional market players.

Table of Contents

Global Masterbatch Market- Forecast 2023

1 Executive Summary

2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
2.5 Key Takeaways

3 Market Insights

4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model

5 Market Dynamics
5.1 Introduction
5.2 Drivers
5.2.1 Increasing demand for plastics in automotive industry due to stringent emission regulations
5.2.2 Surging demand from the rapidly growing packaging industry
5.3 Restraints
5.3.1 Problems pertaining to the cost and complexity of color masterbatch
5.4 Opportunities
5.4.1 Growing popularity of masterbatch as an efficient coloring method
5.5 Trends
5.5.1 Growing use of plastics as a potential replacement for the conventional materials

6 Market Impact Analysis
6.1 Supply Chain Analysis
6.1.1 Raw Material
6.1.2 Masterbatch Producers
6.1.3 Distributors
6.1.4 Application
6.2 Porter's Five Forces Model
6.2.1 Threat of New Entrants
6.2.2 Threat of Rivalry
6.2.3 Threat of Substitutes
6.2.4 Bargaining Power of Supplier
6.2.5 Bargaining Power of Buyer

7 Global Masterbatch Market, by Type
7.1 Introduction
7.2 COLOR
7.3 WHITE
7.4 BLACK
7.5 ADDITIVE

8 Global Masterbatch Market, by Application
8.1 Introduction
8.2 Packaging
8.3 Consumer Products
8.4 Building & Construction
8.5 Automobile Industry
8.6 Electrical & Electronics
8.7 Others

9 Global Masterbatch Market, by Region
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 Italy
9.3.3 France
9.3.4 UK
9.3.5 Russia
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 South Korea
9.4.5 Southeast Asia
9.4.6 Rest of Asia Pacific
9.5 South America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Colombia
9.5.4 Rest of South America
9.6 The Middle East and Africa
9.6.1 UAE
9.6.2 Saudi Arabia
9.6.3 EGYPT
9.6.4 Nigeria
9.6.5 South Africa
9.6.6 Rest of Middle East and Africa

10 Competitive Landscape
10.1 Introduction
10.2 Global Market Strategy Analysis
10.2.1 Key development overview

11 Company Profiles
11.1 A. Schulman, Inc
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Products Offered
11.1.4 Key Developments
11.1.5 SWOT Analysis
11.1.6 Key Strategy
11.2 Cabot Corporation
11.2.1 Company Overview
11.2.2 Financial Overview
11.2.3 Products Offered
11.2.4 Key Developments
11.2.5 SWOT Analysis
11.2.6 Key Strategies
11.3 Clariant
11.3.1 Company Overview
11.3.2 Financial Overview
11.3.3 Products Offered
11.3.4 Key Developments
11.3.5 SWOT Analysis
11.3.6 Key Strategy
11.4 PolyOne
11.4.1 Company Overview
11.4.2 Financial Overview
11.4.3 Products Offerings
11.4.4 Key Developments
11.4.5 SWOT Analysis
11.4.6 Key Strategy
11.5 Plastika Kritis S.A.
11.5.1 Company Overview
11.5.2 Financial Overview
11.5.3 Products Offerings
11.5.4 Key Developments
11.5.5 SWOT Analysis
11.5.6 Key Strategies
11.6 Ampacet Corporation
11.6.1 Company Overview
11.6.2 Financial Overview
11.6.3 Products Offered
11.6.4 Key Developments
11.6.5 SWOT Analysis
11.6.6 Key Strategies
11.7 Americhem, Inc.
11.7.1 Company Overview
11.7.2 Financial Overview
11.7.3 Products Offered
11.7.4 Key Developments
11.7.5 SWOT Analysis
11.7.6 Key Strategies
11.8 Astra Polymers
11.8.1 Company Overview
11.8.2 Financial Overview
11.8.3 Products Offered
11.8.4 Key Developments
11.8.5 SWOT Analysis
11.8.6 Key Strategy
11.9 ALOK
11.9.1 Company Overview
11.9.2 Financial Overview
11.9.3 Products Offered
11.9.4 Key Developments
11.9.5 SWOT Analysis
11.9.6 Key Strategy
11.1 Hubron International
11.10.1 Company Overview
11.10.2 Financial Overview
11.10.3 Products Offered
11.10.4 Key Developments
11.10.5 SWOT Analysis
11.10.6 Key Strategy
11.11 GABRIEL-CHEMIE Group
11.11.1 Company Overview
11.11.2 Financial Overview
11.11.3 Products Offered
11.11.4 Key Development
11.11.5 SWOT Analysis
11.11.6 Key Strategy
11.12 Prayag Polytech
11.12.1 Company Overview
11.12.2 Financial Overview
11.12.3 Products Offered
11.12.4 Key Developments
11.12.5 SWOT Analysis
11.12.6 Key Strategy
11.13 DongGuan HengCai Plastic Pigment Ltd
11.13.1 Company Overview
11.13.2 Financial Overview
11.13.3 Products Offered
11.13.4 Key Developments
11.13.5 SWOT Analysis
11.13.6 Key Strategy
11.14 Plastiblends
11.14.1 Company Overview
11.14.2 Financial Overview
11.14.3 Products Offered
11.14.4 Key Developments
11.14.5 SWOT Analysis
11.14.6 Key Strategy
11.15 POLYPLAST
11.15.1 Company Overview
11.15.2 Financial Overview
11.15.3 Products Offered
11.15.4 Key Developments
11.15.5 SWOT Analysis
11.15.6 Key Strategies
11.16 GCR Group
11.16.1 Company Overview
11.16.2 Financial Overview
11.16.3 Products Offerings
11.16.4 Key Developments
11.16.5 SWOT Analysis
11.16.6 Key Strategy
11.17 Tosaf
11.17.1 Company Overview
11.17.2 Financial Overview
11.17.3 Products Offerings
11.17.4 Key Developments
11.17.5 SWOT Analysis
11.17.6 Key Strategy
11.18 RTP Company
11.18.1 Company Overview
11.18.2 Financial Overview
11.18.3 Products Offerings
11.18.4 Key Developments
11.18.5 SWOT Analysis
11.18.6 Key Strategy

12 Conclusion

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