Masterbatch Market Analysis, Growth, COVID-19 Overview, Demand and Industry Forecast 2023

Masterbatch Market Overview

The global market for masterbatch is set to reach USD 11,903.45 million by the end of 2023, asserts Market Research Future (MRFR). MRFR analysis also concludes that the global market is expected to grow at a CAGR of 5.54% during the forecast period (2018-2023). The future of the global market is likely to be lucrative owing to opportunities in numerous end-use industries, which include packaging, building and construction, consumer goods, transportation, electrical and electronics, and textile. Moreover, growing demand for plastic as substitutes for various materials like metal, concrete, and steel in various end-use industries has worked tremendously in favor of the market. Further, emerging trends like increasing demand of anti-shrinkage and flame retardant masterbatches for polypropylene (PP) pipes and polycarbonate (PC) sheets have had a direct impact on the dynamics of the global market, propelling the market growth.

On the flip side, strict government regulations to counteract the production of non-biodegradable materials are presumed to curb the market growth. However, looking at the current market scenario, it is safe to say the market is well on its way to higher levels on account of shifting consumer trend from sedentary to a healthier lifestyle. This trend, in particular, gives rise to growing demand in the packaged food and other retail products, as it helps address various concerns regarding unhealthy packaging like contamination of contained food. 

Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/masterbatch-market-5578

Masterbatch MarketVendor Landscape

Schulman, Inc., Cabot Corporation, Clariant, PolyOne, Plastika Kritis S.A., Ampacet Corporation, Americhem, Inc., Astra Polymers, ALOK, Hubron International, GABRIEL-CHEMIE Group, Prayag Polytech, DongGuan HengCai Plastic Pigment Ltd., Plastiblends, POLYPLAST, GCR Group, Tosaf, and RTP Company are some of the key market participants. Mergers and acquisitions are commonly witnessed in the market with major companies using it to expand their reach in developing countries.

Global Market for Masterbatch: Segmental Analysis

MRFR’s report provides a detailed segmental analysis of the market on the basis of type, application, end-use industry, and region.

By type, the global masterbatch market size is segmented on the basis of color, white, black, and additive. Among these, the color masterbatch segment captured the largest share of the market in 2017 and projected to value USD 4202.4 million by the end of 2023. One of the main factors responsible for this growth is the excellent color distribution of color masterbatch throughout the final plastic product. Moreover, color masterbatches are easy to store, feed, and handle, when compared to powdered form pure colorants, a characteristic likely to propel its demand and drive the market growth.

By application, the market is segmented on the basis of packaging, consumer products, building and construction, automobile industry, electrical and electronics, and others. Among these, the packaging application segment accounted for 38.90% of the market in 2017. The segment is holding its position among all segments on account of shifting trends in favor of using packaged consumer products. On the other hand, the automobile industry segment is expected to grow at the highest CAGR of 6.14% throughout the forecast period, due to the growing preference for engineered plastics which is deemed to be a strong and effective alternative to various metals, such as aluminum, steel, and other metal alloys, in the automotive industry.

Masterbatch Market Regional Outlook

The global COVID-19 analysis on masterbatch market report has been studied with respect to five key regions – Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific dominated the global market in 2017 with a 42.78% share and expects to reach USD 4,782.10 million by the end of 2023. The market in the region is presumed to grow at a modest CAGR of 6.13% on account of increasing demand for masterbatch in the packaging industry. Moreover, the growth trajectory can also be attributed to demand from the established automotive and transportation industry in the region. Rising consumer awareness coupled with favorable government initiatives in developing economies such as China, India, Malaysia, and South Korea have fueled the market growth as well.

On the other hand, North America is projected to be the second-largest masterbatch market, with the United States (U.S.) ruling the regional market. This position has been achieved due to the substantial growth in automotive, packaging and consumer goods industries. Hence, strong establishment of industries and strong presence of market players in the region have resulted in the remarkable performance of the market.

Europe is another substantial market where economies such as Germany, the UK, France, Italy, and Russia play significant roles in adding to this growth. Meanwhile, the markets in Latin America and the Middle East & Africa claimed relatively smaller shares of the global masterbatch market in 2017 due to undeveloped infrastructures, slow economic growth as well as slow industrialization.

Read more reports at: https://www.marketresearchfuture.com/categories/chemicals-market-report

Read more details at: https://www.marketresearchfuture.com/infographics

Read more details at: https://www.marketresearchfuture.com/videos

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com


Comments

Post a Comment

Popular posts from this blog

Silicone Sealants Market, Global Industry Share, Growth, Overview and Analysis 2025

Image
Silicone Sealants   Market Overview Silicone sealants are the viscous materials which are widely used as a silicone sealant. The silicone sealants are highly stable, inert, resistant to the extreme work environments. The silicone sealants differ from the common adhesives in terms of the elasticity, strength and durability. The substantial physical properties exhibited by the silicone sealants includes the high withstand ability for a wider range of temperature (75°F to 500°F) as compared to nearly all other sealants, great elongation, high wear and tear strength, and high flexibility. Silicone Sealants   Market Segmentation The global silicone sealants market has been segmented on the basis of technology, end-use, and region. Based on technology, the global  silicone sealants market  analysis  has been segmented into pressure sensitive, radiation curing, ambient temperature vulcanizing, thermoset and others. Among these, the pressure sensitive segment is...
Read more

Global Oolong Tea Industry: COVID-19 Overview, Application, Growth and Forecast 2024

Oolong Tea Market Overview: Oolong Tea Market is projected to grow at a CAGR over 4.5% during the period 2017- 2023. Increasing sale of oolong tea is driven by rising awareness among the consumers about the health benefits gained from consumption of oolong tea in its chemical-free form. High antioxidant content of oolong tea makes its application more significant in personal care products due to its anti-ageing properties. Increased nutraceutical application of tea has resulted in growth of share in the nutraceuticals industry. Increasing disposable income and economy development has influenced the consumers spending behavior leading to increased expenditure on quality products. All these factors contribute to increased market share of oolong tea globally. The consumption as well as production of oolong tea is found to be high in Asia-Pacific region and is evaluated to increase at a growth rate in various countries of North America and Europe. Oolong Tea Market Key Manufacturers:...
Read more

Ceramic Fiber Market Size, Growth, Analysis, Overview & Trends during Forecast 2030

  Ceramic Fiber Market overview The global ceramic fiber market has been segmented by type, product form, end-use industry, and region. By type, the global ceramic fiber market has been divided into refractory ceramic fiber, alkaline earth silicone, and others. The refractory ceramic fiber type accounted for the largest market share in 2017 owing to its high insulating property. However, this type has been classified as possibly carcinogenic to humans by the Agency for Research on Cancer. Inhalation of the refractory ceramic fiber results in sore throat, nasal congestion, and cough whereas dermal exposure results in contact dermatitis and itching. This has resulted in a declining use of refractory ceramic fiber. The alkaline earth silicone type is expected to register a higher CAGR as it is bio-soluble and is non-hazardous. On the basis of the product form, the market has been segmented into blankets, rope, paper, board, blocks, cloth, module, and others. The module prod...
Read more