Solid Masterbatches Market
Solid Masterbatches Market (Product Type - Engineering Plastics Solid Masterbatches, Mineral Filled Solid Masterbatches, PET Solid Masterbatches, Polyolefin Solid Masterbatches, Polypropylene Solid Masterbatches, and Additives; End User - Packaging, Automotive, Aerospace, Marine, Cosmetics and Pharmaceuticals, Electronics and Electrical, Construction, and Consumer Products; Color - Black, White, and Color) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2022
Press Release :
Global Solid Masterbatches Market: Snapshot
The ongoing industrial rise across the world is influencing the demand for a number of products, including masterbatches, which are utilized for coloring and improving other properties of polymers, such as flame retardation, antistatic, UV stabilizing, and anti-locking. Primarily, masterbatches are available in solid or liquid state as a mixture of pigments or additives, wherein, solid masterbatches are reporting a strong demand, globally.
The global market for solid masterbatches has witnessed substantial growth in the recent times. The significant rise in the packaging, medical and healthcare, and the automotive industries is reflecting greatly on the demand for solid masterbatches across the world. Additionally, the augmenting demand for plastics from the construction and the luxury goods packaging sectors likely to drive this market considerably over the next few years. Researchers anticipate the opportunity in this market to account for more than US$22 bn by the end of 2017. The market is expected to further augment at a CAGR of 5.20% between 2017 and 2022 and reach a value of US$28.76 bn by 2022.
Engineering Plastics to Emerge Most Valued Product
Solid masterbatches are available in a number of types across the world, including engineering plastics, mineral-filled, PET, polyolefin, polypropylene, and additives. Among these, engineering plastics is the most valued product and is anticipated to remain so over the next few years, with an estimated revenue contribution of US$8.09 bn by the end of 2022. Other products are also projected to register a steady rise in their demand in the years to come.
The Packaging, automotive, aerospace, marine, cosmetics and pharmaceuticals, electronics and electrical, construction, and consumer products industries have surfaced as the key application areas for solid masterbatches. Of these, the demand for these masterbatches is much higher in the automotive and the packaging industries, which is likely to remain high due to the ongoing technological advancements in both the industries.
Rising Demand for Bio-plastics to Maintain Strong Growth of Europe Solid Masterbatches Market
The global market for solid masterbatches is spread across Europe, Asia Pacific (APEJ), North America, the Middle East and Africa (MEA), and Japan. Among these, Europe has surfaced as the leading regional market for solid masterbatches. The significant rise in the demand for contamination-free packaging for pharmaceutical products and bio-plastics is the key factors behind the tremendous growth of the Europe market for solid masterbatches. This regional market is projected to continue on the top over the period from 2017 to 2022, rising at a CAGR of 5.0% due to the augmenting demand for light weight vehicles and the considerable rise in plastic manufacturing.
North America is also reporting a high rise in its market for solid masterbatches. By the end of 2017, the North America market for solid masterbatches is anticipated to reach US$4.9 bn. With a large pool of players, this regional market is expected witness steady growth over the forthcoming years. Amongst other regional markets, Asia Pacific is projected to offer lucrative growth opportunities in the near future on account of the soaring demand for plastic in the construction and the automotive industries.
The global market for solid Masterbatches demonstrates a highly competitive structure. POLYONE Corp., Clariant AG, Ampacet Corp., A. Schulman, Techmer, BASF SE, Cabot Corp., FERRO-PLAST S.r.l., Marval industries Inc., RTP Co., Uniform Color Co., Americhem, and Standridge Color Corp. are some of the key companies in this market.
Advances in Additive Formulations Drive Solid Masterbatches Market
Solid color masterbatches or simply known as solid masterbatches are the solid products notably plastic, rubber, elastomer, or any polymer on which pigments or additives are dispersed. The aim is to endow color or alter the properties desirably. They are widely used for coloring plastics. The growing array of certified color concentrates to meet the demands in numerous end-use industries has been shaping the contours of the solid masterbatches market. In particular, end-use industries have seemingly benefitted from the advent of high-performing wetting and dispersing additives. Growing use of polymeric dispersing agents for organic pigments for numerous plastics materials over the years has fuelled the growth of the opportunity in the solid masterbatches market. Progress made in emulsifier technologies is a key trend paving way to production of advanced color masterbatches and pastes for different plastic formulations. The growing use of high-quality solid masterbatches, notably those that conform to international healthcare norms, is expanding the canvas for companies in solid masterbatches market to explore. Some of the players have also begun on testing the effect of healthcare-friendly colorants and additives for high-end polymers used in medical devices. These polymers are increasingly demanded in processing specialized medical devices.
The still-emerging COVID-19 pandemic is shaping the operational and strategic frameworks by businesses across industries around the world. Stakeholders in the solid masterbatches have also been influenced by the emerging normals in microeconomics of the firms in the manufacturing industries. A growing number of players are keen on adopting automation to avoid adverse affects of labor shortage. However, shortage in skill labor and need for changing tactical processes by manufacturers of additives and dispersants will pave way to new business models. Also, the intensifying focus on sustainability has nudged companies adopt more environmentally friendly emulsifier technologies. The most prominent impact is being witnessed in industries that have stringent regional regulations, such as in healthcare and pharmaceutical product manufacturing.
Global Solid Masterbatches Market: Overview
The global solid masterbatches market is experiencing a tremendous rise, thanks to the widening application base of solid masterbatches. The strong growth of a number of end-use industries is also reflecting positively on this market and the scenario is expected to remain so over the next few years. This report on the global market for solid masterbatches presents an all-inclusive market analysis, covering all the prominent trends and technologies that play a key role in catalyzing the performance of this market, currently, as well as over the period between 2017 and 2022. It also emphasizes on the driving forces, limitations, and opportunities, impacting the market’s growth over the forecast period.
The research report further presents an assessment of the market attractiveness for various segments and its sub-segments of this market, classified on the basis of a number of important parameters. It also includes a supply chain analysis in order to recognize the main participants operating in this market, together with their role in the entire supply chain. An overview of several strategies popular among the leading players in the market has also been covered within the scope of this market study.
Global Solid Masterbatches Market: Segmentation
The global market for solid masterbatches has been thoroughly assessed on the basis of various parameters, including the type of product, color, end user, and the regional spread of this market in this research study. Based on the type of the product, the market has been classified into engineering plastics solid masterbatches, mineral filled solid masterbatches, PET solid masterbatches, polyolefin solid masterbatches, polypropylene solid masterbatches, and additives. By color, the market has been bifurcated into black, white, and color.
On the basis of the end user, the market has been segmented into the packaging, automotive, aerospace, marine, cosmetics and pharmaceuticals, electronics and electrical, construction, and the consumer products sectors. Geographically, Europe, Asia Pacific excluding Japan (APEJ), North America, the Middle East and Africa (MEA), and Japan has surfaced as the key segments of this market.
The estimates about each of the segments in the worldwide market for solid masterbatches are the result of the detailed primary interviews and secondary research conducted by analysts and the reviews of in-house expert panel. These revenue generated in this market and the shipments estimates have been evaluated by taking the effect of a number of economic, social, legal, and technological factors into consideration. The existing market dynamics, impacting the growth of this market has also been discussed in details in this research report.
Global Solid Masterbatches Market: Research Methodology
The report evaluates the market size, growth rate, availability of raw materials, profit margin, technology implied, impact strength, competition, and various other legal and environmental factors to derive the data regarding the general attractiveness of the global solid masterbatches market. It also includes a study of the price trends for solid masterbatches between 2017 and 2022.
The report further offers the outcome of primary and secondary research. Secondary research sources were referred to comprise, but were not limited to, financial reports of companies, company websites, annual reports, broker reports, investor presentations, and SEC filings. Detailed interviews and discussions with experts and industry participants have been conducted to compile this market study.
Companies Mentioned in this Report
POLYONE Corp., Clariant AG, Ampacet Corp., A. Schulman, Techmer, BASF SE, Cabot Corp., FERRO-PLAST S.r.l., Marval industries Inc., RTP Co., Uniform Color Co., Americhem, and Standridge Color Corp. are some of the leading companies in the global market for solid masterbatches.