Global Masterbatch Market is expected to reach USD 15.81
billion by 2025, according to a new report by Grand View Research, Inc. The
market is anticipated to grow at a CAGR of 6.6% primarily driven by increasing
replacement of metal by plastic is projected to fuel the market growth. In
addition, rising demand from the European region is further expected to propel
the demand over the forecast period.
In terms of revenue, color masterbatch was the largest
segment in 2016 and the trend is anticipated to continue at a growth rate of
7.1% over the forecast period. Increasing need for improving the surface
appearance of plastic components in automotive, building & construction,
and consumer goods is expected to contribute to the growth. Additive
masterbatch is being widely used on account of various properties it imparts to
plastics such as antistatic, antifoaming, antioxidant, antimicrobial, thermo-stabilizer,
barrier properties, metal deactivators, antiblock, flame retardant, UV
stabilizer, oxygen scavenger, and abrasion resistance. The growth of packaging
sector, especially plastic packaging, is anticipated to drive the masterbatch
demand.
Masterbatch is used in various end-use industries, such as
packaging, building & construction, consumer goods, automotive,
agriculture, as it imparts useful functional properties such as smooth surface
finish and desired hardness. The increasing spending capability of customers
toward purchasing attractively packaged consumer goods is expected to trigger
the need for various plastic components, which use masterbatches to improve the
appearance and other properties. These factors together are anticipated to
boost masterbatch market demand over the forecast period.
Full Research Report on Global Masterbatch Market
Analysis:
Further key findings from the report suggest:
- Color
segment is expected to experience the fastest growth, in terms of value,
at a CAGR of 7.1% from 2017 to 2025 as color masterbatch finds application
in various end-use industries such as packaging, building &
construction, consumer goods, automotive, and agriculture
- Polyethylene
emerged as the largest carrier polymer segment, in terms of revenue, in 2016
and is estimated to be valued at USD 5,461.8 million by 2025. The growing
popularity on account of useful properties of HDPE, LDPE, and LLDPE is
projected to drive the growth.
- Packaging
was estimated as the largest end-use industry due to different types of
industrial, customer, and retail packaging segments across various
geographies
- The
U.S. masterbatch market, in terms of revenue, was valued at USD 1,624.3
million in 2016 and is estimated to reach USD 2,920.3 million by 2025. The
consumer goods industry in the U.S. is projected to witness the fastest
growth over the next eight years owing to the increasing demand from
customers.
- Key
players including A. Schulman, Inc., Ampacet Corporation, Cabot
Corporation, Clariant AG, Plastiblends India Ltd., and Global Colors Group
have a prominent presence in the global masterbatch market
View more reports of
this category by Grand View Research at: http://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives
Grand View Research
has segmented the Global Masterbatch Market on the basis of type, carrier
polymer, end use, and region.
Masterbatch, Type Outlook (Volume, Kilo Tons; Revenue,
USD Million; 2014 - 2025)
- White
- Black
- Color
- Additive
- Filler
Masterbatch Carrier Polymer Outlook (Volume, Kilo Tons;
Revenue, USD Million; 2014 - 2025)
- Polypropylene
(PP)
- Polyethylene
(PE)
- Polyvinyl
Chloride (PVC)
- Polyethylene
Terephthalate (PET)
- Others
Masterbatch Market End Use Outlook (Volume, Kilo Tons;
Revenue, USD Million; 2014 - 2025)
- Packaging
- Building
& Construction
- Consumer
Goods
- Automotive
- Agriculture
- Others
Masterbatch Regional Outlook (Volume, Kilo Tons; Revenue,
USD Million; 2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
View Blog On this research report by Grand View Research:
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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