ID: MRFR/CnM/0380-CR | October 2019 | Region: Global | 135 pages
Market Research Future (MRFR) studied the Global Color Masterbatch Market through the review period till 2025. By 2025, the global color masterbatch market is expected to rise at above 5.45% CAGR. The worldwide color masterbatch market value can exceed USD 3.90 Bn on the conclusion of the assessment period. A solid additive that is used to add color to raw polymers during the manufacturing process of plastic is called color masterbatch. Black and standard are two types of color masterbatch available in the market. The black masterbatch offers low-cost pigments and provides different shades of black. Light stability and conductivity are their well-known properties.
Expansion of Plastic Industry to Support Market
Color masterbatch is reputed to play key role in the plastic industry. The large-scale application of plastics across cash-rich sectors can support the market surge. The evolution of packaging technologies over a period of time can also add to the market rise. In addition, advances in vehicle design and rapid growth of the automobile sector can also favor the market. An increase in construction activities can also contribute to the market upsurge.
Technical Advancements to Boost Production Capacity
The introduction of modern technologies to boost plastic production as its demand surge can favor the market in the near future.
Affordability Issues to Hinder Market Upsurge
High expenses in the production of color masterbatch and volatile price of raw materials to restrain the market expansion through the analysis period.
The segment study of the Global Color Masterbatch Market is done By Carrier Resin, Type, and Application.
By type, the segment study of the color masterbatch market is done by white masterbatch, black masterbatch, standard color masterbatch, and additive masterbatch among others. The black masterbatch segment can hold above 25.2% market share of the worldwide color masterbatch market by 2025.
By carrier resin, the segment study of the color masterbatch market is done by polypropylene, polyethylene, and polystyrene among others. The polyethylene segment can thrive at 4.25% CAGR by 2025.
By application, the segment study of the color masterbatch market is done by building & construction, packaging, automotive, consumer goods, and agriculture among others. The packaging segment can thrive at 6.5% CAGR as the demand for packaging solutions in the expanding manufacturing industry surges. The increase in application of color masterbatch across agriculture, pharmaceutical, and retail sectors can also support the market upsurge.
North America Color Masterbatch Market to Grow at Rapid Pace
In North America, the rise in application of color masterbatch in the growing packaging industry can support the regional market progress. The inclination for convenient products and the availability of specialized color masterbatches in solid-state and liquid forms can add to the regional market expansion. Change in consumer preferences and alterations in lifestyles can impact North America market. In addition, the high utility of color masterbatch in the well-established personal care products in the region can favor the market surge.
Automobile Sector to Play Crucial Role in Europe Market
The upscaling demand for lightweight vehicles is observed to boost the consumption of color Masterbatches in the growing automotive industry. This can support growth of EU market in the near future. The enforcement of stern government regulations to curb carbon dioxide emission and encourage sales of fuel-efficient vehicles are other causes that can contribute to the regional color masterbatches growth in the approching years.
Presence of Reputed Packaging Companies Contribute to Asia Pacific Market Growth
The existence of popular packaging solutions providers across India and China, and expansion of the building and construction, and electrical & electronics industries, which are high end-users of color masterbatch products, can promote the regional market in the study period.
MEA Color Masterbatch Market to Gain Momentum
The masterbatch market in Latin America, and the Middle East and Africa region, can gain momentum due to industrial expansion.
Color Masterbatch Suppliers
MRFR listed several suppliers of color masterbatch and their marketing strategies to promote new products. Contributions of these key players to the market's changing competitive landscape are discussed and in the report.
The color masterbatch market study published by MRFR discusses top challenges, restrains and growth inducers, that can influence the market’s expansion. Other potential causes that can drive the market across different regions and categories are also discussed in the report. The market segment study is evaluated critically for the base and review period.
Scope of the Report
The scope of the report summaries the color masterbatch market estimates with respect to region, application, and type. The color masterbatch market outlook published by MRFR reveals valuation and elaborates on market share for studied regions.
The COVID 19 pandemic’s influence on the color masterbatch market is assessed comprehensively. Constrains on people's mobility to ensure the safety of employees due to pandemic has induced production and logistics problems. Investors are adopting robust solutions to address these issues. The emergence of new strains has triggered more problems contributing to economic instability. Modern marketing approaches are anticipated to address such problems. Detailed discussions are recorded in the report.
By Carrier Resin
|Market Size||2027: 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.