ID: MRFR/CnM/0380-CR | October 2019 | Region: Global | 135 pages
The CAGR for the 5.45% for the color masterbatch industry. The color masterbatch market value is projected to be USD 3.90 billion in 2030.
Color masterbatch is a solid additive that colors raw polymers when they’re being manufactured into various types of plastics. The two widely used colors in masterbatch are black and white. Black masterbatch is cheaper and comes in a variety of different shades. Color masterbatch is lightweight, stable, and conductive.
COVID-19 is a dangerous new virus. When it emerged it was not clear who would or wouldn’t get it and who would or wouldn’t recover from it. It was this nature of COVID-19 that made many governments try to contain the spread of it as much as possible. They did this through lockdowns and quarantines. These were short-lived since they were not very effective.
The global color masterbatch industry is extremely competitive and fragmented. One reason for this is because the global color masterbatch industry is lucrative. It also has a relatively high CAGR. There are also a few barriers to entry into this industry. This makes it easy for companies of all sizes to enter the industry. The larger companies especially have an easy time entering the industry.
Companies are finding that they have to do lots of research and development if they want to remain profitable enough to survive. These companies find that they can broaden their future horizons if they invest heavily in research and development because they’re able to develop newer and more innovative products that are better and have more innovative applications and uses. The companies find that they can justify charging more for these products and applications especially if they market these correctly.
These companies can also solidify their positions in current markets by doing extensive research and development. The companies can also enter new markets much easier by doing this.
Companies find that they can remain profitable by merging with/acquiring other companies. The companies find that they increase their resources dramatically by doing so. They can then invest more intensively in research and development. This allows them to develop superior color masterbatches that will allow them to enter new markets easily and help them solidify their positions in existing markets.
They can justify charging more for these products. These companies find that mergers and acquisitions also increase their manpower. This allows them to do much better marketing.
These companies find that entering into strategic partnerships with other companies does essentially the same thing that mergers and acquisitions do. For example, the resulting companies find that they have many more financial resources to work with. This allows them to invest more in research and development. Strategic partnerships tend to be done with successful companies. This gives the resulting company more access to knowledge that will allow them to do better research and development.
For example, these companies find that they can develop better products with more innovative and useful applications when they do research and development. Also, these products last longer and are more durable. They also find that they increase their manpower when they enter into strategic partnerships with other successful companies. Thus, they are able to have more access to various types of marketing knowledge, especially digital marketing knowledge, when they have more people working for them.
This is invaluable since it helps them enter new markets better. Oftentimes, they find that they can displace existing companies, especially if they introduce a new and innovative product with innovative and interesting uses and applications at a slightly lower price point. These companies also have an easier time cementing their positions and expanding their market bases in existing markets. All of this helps them get richer, bigger, and hence, more powerful!
BASF SE is a major American player in the global color masterbatch industry. It has become an industry leader by investing heavily in research and development. This allowed it to develop superior products which it was able to market well in new and existing markets at a slightly higher price point than what the competition was selling other and similar products for!
List of companies
Color masterbatch is vital to the plastics industry. It enhances the appearance of different types of plastics. This helps them sell better, it helps them sell faster, and it helps them sell at higher price points.
Plastic packaging technologies are constantly improving and evolving this is also another key driver in the global color masterbatch industry. The automobile industry is also always coming up with smarter cars that are colored nicer. This is another key driver of growth in the color masterbatch industry. The construction industry has been picking up. This is expected to be another key growth driver.
Many companies in the color masterbatch industry are investing in better technologies. The objective is to try to develop superior color masterbatches that will be in more demand in the future.
The prices of the materials needed to make color masterbatch can fluctuate widely in price from day to day and during different points on the same day. This, combined with the fact that color masterbatch is expensive to make, is holding growth back.
The biggest challenge that the global color masterbatch industry will face lies in trying to make better color masterbatch while trying to keep the price of color masterbatch down.
A Schulman Inc is a major American player in the global color masterbatch industry. It has become an industry leader by investing heavily in research and development. This helped it create a sustainable competitive advantage.
By carrier resin
The global color masterbatch industry can be segmented into the following groups by carrier resin.
The polystyrene sub-segment has a CAGR of 4.25%.
The global color masterbatch industry can be segmented into the following groups by type:
The black masterbatch sub-segment currently has a color masterbatch market share of 25.2%.
The global color masterbatch industry can be segmented into the following groups by application:
The packaging sub-segment has the highest CAGR of 6.5%. This is because the demand for packaging solutions is increasing dramatically. A surge in the manufacturing industry is causing this. Other sectors like agriculture, pharma, and retail are also causing growth in the color masterbatch industry.
The global color masterbatch industry can be grouped into the following regions:
The color masterbatch industry has been growing rapidly in North America. What has been causing this is the fact that the packaging industry has been growing in the North American region. Most people in North America want to buy convenience products. This is what is driving tremendous growth in the North American color masterbatch industry.
Color masterbatch can be used in liquid and solid forms in this region. Changes in consumer preferences and lifestyles are also driving growth in the color masterbatch industry in the North American region. The North American region uses color masterbatch heavily in the many personal care products that are sold there.
The European Union has been seeing growth in its regional color masterbatch industry. The reason is that the market for lighter motor vehicles is growing dramatically there. Most governments in the European Union are trying to pass stricter regulations to control the amount of carbon dioxide emissions across Europe.
Many nations across the European Union are also trying to get the carmakers there to make their cars more fuel-efficient. This and other reasons are why the color masterbatch industry is growing in the European Union.
The Asia-Pacific region is seeing strong growth in its color masterbatch industry because there are many popular packaging solutions in most Asian nations. They exist in large concentrations in India and China. What is also causing growth in the color masterbatch industry is explosive growth in the construction and electrical/electronics industries in India and China. These industries use color masterbatch heavily.
The Latin American region and the Middle Eastern and North African regions are experiencing respectable growth in their color masterbatch industries largely because of rapid industrialization.
The CAGR for the global color masterbatch industry is 5.45%. The overall global color masterbatch market value is projected to be USD 3.90 billion by 2025. The North American region leads in terms of color masterbatch market share.
|Market Size||2030: Significant value|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, Carrier Resin, By Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Notable players profiled in the color masterbatch market include BASF SE (US), PolyOne Corporation (US), Tosaf Group (Israel), RTP Company (US), Penn Color, Inc. (US), Ampacet Corporation (India), Plastiblends India Ltd (India), Polyone Corporation (US), A. Schulman, Inc. (US), and Clariant AG (Switzerland).|
|Key Market Opportunities||The introduction of modern technologies to boost plastic production as its demand surge can favor the market|
|Key Market Drivers||Demand for lightweight vehicles coupled with growing demand for specialized colors|
Frequently Asked Questions (FAQ) :
The color masterbatch market is predicted to grow at a 5.45% CAGR between 2019-2025.
North America is predicted to lead the color masterbatch market during the forecast period.
Notable players profiled in the color masterbatch market include BASF SE (US), PolyOne Corporation (US), Tosaf Group (Israel), RTP Company (US), Penn Color, Inc. (US), Ampacet Corporation (India), Plastiblends India Ltd (India), Polyone Corporation (US), A. Schulman, Inc. (US), and Clariant AG (Switzerland).
Demand for lightweight vehicles coupled with growing demand for specialized colors are boosting the color masterbatch market growth.
The color masterbatch market is segmented based on application, carrier resin, and type. Based on type, it is segmented into black, white, additive and standard color masterbatch. Based on carrier resin, it is segmented into polystyrene, polypropylene, and polyethylene.