The global masterbatch market was valued at USD 9.90 billion in 2016 and is projected to reach USD 15.23 billion by 2025, growing at a CAGR of 4.9% from 2017 to 2025. Masterbatches are products that are used in plastic manufacturing for coloring. Masterbatches is made up of a mixture of pigments and additives encapsulated during a heating process into a carrier resin. The growing demand for colored plastics is expected to boost market demand over the forecast period. The growing application in automotive is expected to play a major role in driving market demand
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1. Market Drivers
1.1 Rising demand in lightweight vehicles
1.2 Growing demand for colorful plastics
2. Market Restraints
2.1 Stringent environmental regulations
The global masterbatches market is segmented on the basis of product, polymer, application, and region.
1. By Product:
1.1 Color Masterbatch
1.1.1 Standard Color
1.1.2 Tailor Made Color
1.1.3 Specialty Color
1.2 Additive Masterbatch
1.2.1 Antimicrobial Additive
1.2.2 Antioxidant Additive
22.214.171.124 Primary & Secondary
1.2.3 Flame Retardant
1.2.4 UV Stabilizer
1.2.5 Foaming Agent/Blowing Agent
1.2.6 Optical Brightener
1.2.7 Nucleating Agent
1.3 White Masterbatch
1.4 Black Materbatch
1.5 Filler Masterbatch
2. By Polymer:
2.2.1 Low Density Polyethylene
2.2.2 Linear Low Density Polyethylene
2.2.3 High Density Polyethylene
2.4 Polethylene Terepthalate
2.6 Polyvinyl Chloride
3. By Application:
3.2 Building & Construction
3.3 Consumer Goods
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
2. A. Schulman Inc.
3. Ampacet Corporation
4. Cabot Corporation
5. Polyone Corporation
6. Plastika Kritis SA
7. Hubron Ltd.
8. RTP Company
9. Tosaf Group
10. Penn Color Inc.
11. AF Color
12. Americhem Inc.
13. Vanetti Spa
14. Rajiv Plastics Industries
15. Meilian Chemical Co. Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the global masterbatch market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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