Black Masterbatch Market Research Report—Global Forecast till 2030

Black Masterbatch Market By Type (Standard black masterbatch, Specialty black masterbatch, Tailor-made black masterbatch) Carrier Resin (Plastic, Elastomer/Rubber) Application (Packaging, Fibers, Building & Construction, Electrical & Electronics, Automotive, Chemical/Compounding, Others) Forecast 2030

ID: MRFR/CnM/9517-CR | November 2022 | Region: Global | 110 Pages         

Black Masterbatch Market

Black Masterbatch Market is expected to grow USD 3,263.1 million at a CAGr 5.14% during the forecast 2022-2030

Segmentation

By Type Standard black masterbatch Specialty black masterbatch Tailor-made black masterbatch
By Carrier Resin Plastic Elastomer/Rubber
By Application Packaging Fibers Building & Construction Electrical & Electronics Automotive Chemical/Compounding Others

Key Players

  • Hubron International
  • BASF SE
  • RTP Company
  • Plastiblends India Limited
  • Ampacet Corporation
  • Plastika Kritis SA
  • Tosaf Compounds Limited
  • LyondellBasell
  • Avient Corporation
  • Penn color Inc
  • Cabot Corporation
  • and Primex Plastics

Drivers

  • Growing demand in the construction market
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Black Masterbatch Market Overview


The global black masterbatch market was valued at USD 2,135.9 million in 2021 and is projected to reach USD 3,263.1 million by 2030 at a CAGR of 5.14%.


Black masterbatch is the is a combination of black carbon pigment, incorporated with virgin resin and specific additives in a granular form. These are made of high carbon black compounds with dispersed in thermoplastic resin. Styrenics, polyolefins, and engineering resins are commonly used for black masterbatch manufacturing process. Black masterbatches are commonly used in polymer processing to incorporate color pigments or additives and antimicrobials into the polymer resin or other liquid. A masterbatch is a concentrated mixture of an additive encapsulated in a carrier material, such as PE or PP.


The use of black masterbatch in various end-use industries is projected to boost the demand during the forecast period. It is an intermediate and raw material in manufacturing plastic, automotive, construction, and others. Its application as a raw material in various industries such as packaging, building & construction, automotive, and others is a major driver of the global black masterbatch market. The construction industry uses applications such as roofing composite fabrics, geotextile, plumbing, electrical fittings & other critical applications. Due to its additional properties such as UV, thermal & electric resistance, and low cost, black masterbatch has various applications in other industries


COVID-19 Impact on the Black masterbatch Market:


COVID-19 has affected various markets severely while some markets got a boom due to its occurrence. Even during the pandemic, the whole world was using fuel as before. There was a moderate effect of the outbreak of a deadly virus and the imposition of a complete lockdown around the globe. Moreover, the value of black masterbatch depends on the production of crude oil and natural gas. Uses of natural gas and products of crude oil do not affect the black masterbatch market directly as the black masterbatch serve their purpose during the process of production. And demand for fuel is running high in the world. The COVID-19 outbreak has negatively impacted the production of global black masterbatch market and exposed various challenges for oil & gas industry. The production of black masterbatch declined amidst the COVID-19 pandemic as the market players had to shut production facilities or operate the facilities below the optimal production capacities to prevent the spread of the COVID-19. However, Tier-1 market players have continued operations at their production facilities.


Since the advent of the COVID-19 pandemic, there has been massive pressure on the chemical distribution supply chain. Ports across several countries suffer from intense congestion, causing cargo ships to encounter substantial delays in unloading cargo and, finally, supplying products within a certain period. Black masterbatch occupies a small but lucrative niche of the global chemical industry, a closely interlinked market that depends on supply dependability.


Market Dynamics


Drivers


  • Growing demand in the construction market: Black Masterbatches have a wide range of applications in the construction industry. When combined with carrier resins can be used in applications such as roofing composite fabrics, geotextile, plumbing, electrical fittings & other critical applications. In marine construction, geomembranes are used to be protected from marine life, environmental forces, and contaminants in the water.


Restraints


  • Stringent government regulations and health hazards: The usage of black masterbatches poses environmental and human health hazards. In industrial settings, black masterbatches can cause eye, skin, and respiratory irritation at high doses. Fumes produced during the melting process can irritate the eyes, skin, and lungs. Thermal burns can result from heated material, causing pain, redness, and blistering. Black masterbatches production processes involve mixing carbon black as a pigment in carrying resins like PE, PP, PVC, and others by heat treatment emitting toxic fumes. Thus, black masterbatches are classified as hazardous by OSHA regulatory by the hazard communication standard 29 CFR 1910. 1200.


Opportunities


  • Increasing use of black masterbatch in electrical & electronics goods production: Electronics is a sector where black masterbatch is used not only for coloring but due to its other properties such as dispersion uniformity, high granule dimension homogeneity for efficient dosing, UV resistance, thermal resistance, adjustable electrical conductibility, and stability of electrical properties about transformation conditions applications has increased dramatically in recent years. They find application in components wires, cables, electronic components, LED and lighting, and many other devices due to their properties as electric insulators. Demand for essential everyday items such as smartphones, refrigerators, and other home appliances which can drive growth in the black masterbatch market.


Challenges


  • Non-biodegradability of plastic: Due to raising concerns about environmental safety, governments have implemented strong majors against plastics. For instance, the Indian government has provided guild lines on extended producer responsibility regarding the prohibition of identified single-use plastic items. Furthermore, the policy mandates the reuse of rigid plastic and reduces the use of fresh plastic material in various end-use industries


Segmentation


By Type



  • Standard black masterbatch

  • Specialty black masterbatch

  • Tailor-made black masterbatch


By Carrier Resin



  • Plastic

  • Elastomer/Rubber


By Application



  • Packaging

  • Fibers

  • Building & Construction

  • Electrical & Electronics

  • Automotive

  • Chemical/Compounding

  • Others


By Region



  • North America

  • Europe

  • Asia-Pacific

  • Latin America

  • Middle East & Africa


Regional Analysis


The global black masterbatch market is studied across the five key regions, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.


The sizable automotive industry in the region is likely to make the Asia-Pacific region the largest expanding market for black masterbatch globally. The market for black masterbatch is also anticipated to grow throughout the forecast period due to rising government investments in infrastructure development in developing nations like China and India. Because of the high demand for black masterbatch for construction and electronics, Europe has been actively monitoring the Asia-Pacific market. The growing demand for the product from various end-use sectors, including building and construction, electrical and electronics, and automotive, drives the North American market.


The black masterbatch market is studied for five regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Among these regions, Asia-Pacific accounted for the largest market share in 2021 and is expected to register a 5.66% CAGR during the review period. The market in Europe accounted for the second-largest share and is expected to register a 5.44% CAGR during the review period.


Competitive Landscape


The global black masterbatch market is characterized by the presence of many regional and local vendors. The market is highly competitive, with all the players competing to gain maximum market share. The increasing global black masterbatch demand in automotive boosting the sales of global black masterbatch is the key driver of the market. The vendors compete based on cost, product quality, and the availability of the products according to the geographies. The vendors must provide cost-effective and high-quality Global black masterbatch to compete in the market. The competitive scenario is fragmented between the tier-1, tier-2, and tier-3 companies, while tier-1 and tier-2 companies hold over 60% of the global black masterbatch market share.


The growth of the market players is dependent on market and economic conditions, government regulations, and industrial development. Thus, the players should focus on expanding the production capacity to meet the demand and enhance their services. Hubron International, BASF SE, RTP Company, Plastiblends India Limited, Ampacet Corporation, Plastika Kritis S.A., Tosaf Compounds Limited, LyondellBasell, Avient Corporation, Penn color Inc., Cabot Corporation, and Primex Plastics Corporation are the major companies in the market at the present that are competing in terms of quality, price, and availability. These players are primarily focusing on the development of Black masterbatch. Although the international players dominate the market, regional and local players with small market shares also have a moderate presence.


Report Overview:


The Black masterbatch market is segmented by type, carrier resin, application and region in the report. In terms of insights, this report has focused on various levels of analysis such as market dynamics, value chain analysis, Porter's five forces, competitive landscape, and company profiles—all of which comprise and discuss views on the global Black masterbatch emerging and fast-growing segments, regions, and countries.


Objectives of the Study



  • To get a comprehensive overview of the global black masterbatch market

  • To get wide-ranging information about the key factors driving the market and market opportunities

  • To gain information regarding the key players in the industry, their product portfolio, strategies, and key developments

  • To gain insights about the key country/region in which the market is growing


Intended Audience



  • Industrial sector

  • Packaging sector

  • Construction sector

  • Automotive industries



Report Scope:

Report Attribute/Metric Details
  Market Size    2030: USD 3,263.1million
  CAGR    5.14% CAGR (2022-2030)
  Base Year    2021
  Forecast Period    2022-2030
  Historical Data    2020
  Forecast Units    Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Opportunities
  Segments Covered   Type, Carrier Resin, and Application
  Geographies Covered   North America ,Europe, Asia-Pacific, Latin America, Middle East & Africa
  Key Vendors   Hubron International, BASF SE, RTP Company, Plastiblends India Limited, Ampacet Corporation, Plastika Kritis S.A., Tosaf Compounds Limited, LyondellBasell, Avient Corporation, Penn color Inc., Cabot Corporation, and Primex Plastics
  Key Market Opportunities   Increasing use of black masterbatch in electrical & electronics goods production
  Key Market Drivers   Growing demand in the construction market


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Frequently Asked Questions (FAQ) :

The global black masterbatch market would register a growth of 5.14%.

Automotive and Packaging industries, will play a crucial role in taking the black masterbatch market ahead.

Stringent government regulations and health hazards, is the key restraining factor for the global black masterbatch market.

Hubron International, BASF SE, RTP Company, Plastiblends India Limited, Ampacet Corporation, Plastika Kritis S.A., Tosaf Compounds Limited, LyondellBasell, Avient Corporation, Penn color Inc., Cabot Corporation, and Primex Plastics Corporation are the major companies in the market

Growing demand in the construction market