Masterbatches are solid or liquid mixtures of additives or pigments used to color or improve other properties of polymers, such as UV stabilization, flame retardant, anti-static and anti-blocking. Masterbatches can be used with various technological methods including injection, blow molding, spinning and others. Growing markets for end users such as packaging, automobiles and healthcare are driving market demand for masterbatches. In addition, the growing demand for plastics from the construction and luxury goods packaging industry is further driving the global masterbatch market. Among the end-user sectors, packaging accounts for the largest share of the global masterbatch market. The packaging industry uses all types of masterbatches, with color and white masterbatches the most used segments. The growing interest of food and beverage manufacturers in improving packaging colors is increasing the demand for color masterbatches.
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The raw materials for the production of masterbatches include pigments, supports, dispersants and some additives. The masterbatch market can be classified into four segments: additive, color, black and white. Additive masterbatch is the fastest growing segment that finds application in custom plastic products in industries such as automotive, home appliances, textiles, pharmaceutical packaging and food and beverage packaging. Color masterbatch is used in the production of automotive plastics, household appliances, flexible food and beverage packaging, and pharmaceutical packaging. Black masterbache is mainly used in the construction, automotive and appliance industries. The demand for light vehicles is increasing worldwide due to the European Union’s concern for the reduction of greenhouse gases. Increasing the plastic content in vehicles reduces their weight and carbon emissions and also increases fuel efficiency. This is leading to the replacement of metal parts of the vehicle with plastic components.
This shows growth opportunities for the masterbatch market for the forecast period (2014-2020). However, rising oil prices and stringent environmental laws related to the non-biodegradability of plastics pose a major challenge to the growth of the plastics industries, which in turn affects the masterbatch market.
Asia Pacific was the largest market for masterbatches in 2013 due to the high demand for plastics from the construction and automotive industries. Asia Pacific, Latin America and the Middle East are expected to experience high growth rates during the forecast period.
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The masterbatch market in Europe and North America is consolidated, while the Asia Pacific masterbatch market has a fragmented structure in which China alone is home to around 500 masterbatch producers. Due to the large number of mergers and acquisitions taking place, the rivalry in the masterbatch industry is expected to subside during the forecast period.
Major companies operating in the global masterbatch market include, A. Schulman Inc., Ampacet Corporation, Clariant International Ltd., PolyOne Corporation, GABRIEL-CHEMIE GROUP, Ferro Corporation e Americhem, Inc.
Key points covered in the report
- Report segments the market on the basis of types, application, products, technology, etc (as applicable)
- The report covers geographic segmentation
- North America
- Europe
- Asia
- RoW
- The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
- The report provides company profiles of some of the leading companies operating in the market
- The report also provides porters five forces analysis of the market.
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