Market Overview and Forecast: —
The need for Color Masterbatch is gradually rising owing to factors such as, growing demand from plastic industry, growing demand of lightweight vehicles, increasing demand from APAC region due to rapid industrialization, increasing demand for specialized colors and among others. Color Masterbatch is a new type of polymer materials which is dedicated to pigments and colorants and is also known as preparation of materials or Pigment Preparation. Color Masterbatch is basically an intense mixture of additives and pigments. These are mainly formed by compressing into a carrier resin by heating process. After that it is then cooled and cut into a granular shape. Masterbatches are the additives which are either solid or liquid and are majorly used for colouring plastic that is color masterbatch.
Global Color Masterbatch Market is estimated to witness high demand in near future. According to MRFR analysis, the Global Color Masterbatch Market is expected to reach USD 7,268.3 million by 2027 expanding with a CAGR of 5.88%. On the basis of type, black masterbatch accounted the largest market value share of 30% in 2015 followed by Standard Color Masterbatch, White Masterbatch, Additive Masterbatch and others. On basis of application, packaging accounted for the largest market share of 34.00% in 2015, with a market value of USD 1,292.0 million and is projected to grow at the highest CAGR of 6.42% during the forecast period. Automotive was the second-largest market in 2015.
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The key players that drive the Global Color Masterbatch market are A Schulman Europe, Tosaf Compounds, Polyplast Müller, Polyone Corporation, Hubron, Clariant Masterbatches, Cabot Plastics International and others.
“Europe Dominates the Market during the Forecast Period”
For the purpose of this study, Market Research Future has segment the global Color Masterbatch market in five different region namely, North America, Europe, Asia-Pacific, South America and Middle East & Africa. The North American market is further divided into the US and Canada while the European market is segmented into Germany, France, UK, Italy, Spain and Rest of Europe. The Asia-Pacific market is sub divided into China, Japan, India and Rest of Asia-Pacific. The global Color Masterbatch market is expected to reach $5,816.2 million by the end of forecasted period i.e. 2027. Europe has accounted the largest market share followed by APAC and North America. The Europe region offers huge growth potential for Color Masterbatch market and is slated to register the highest CAGR of 5.91% to reach $2,551.5 million by 2027
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The global color masterbatch market has been segmented into type and application. On the basis of type the market has been divided into white masterbatch, standard color masterbatch, black masterbatch, additive masterbatch and others, whereas the application market has been divided into packaging, automotive, consumer goods and retail, textile and others. Packaging segment is estimated to dominate market with value share of 35% by 2015. The segment is anticipated to retain its dominance over the forecast period accounting for good share in 2027. This can be attributed to growing demand of color masterbatch from plastic industry in global market. Follow by this automotive is the second largest application market.
Scope of the Study:
The scope of the study categorizes the Color Masterbatch market as by Product Type and Application;
• By Product Type:
o White Masterbatch
o Standard Color Masterbatch
o Black Masterbatch
o Additive Masterbatch
• By Application:
o Consumer Goods And Retail
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