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Masterbatch Market Analysis of Top Manufactures on Cabot Corporation, PolyOne, RTP, Ampacet, Plastika Kritis S.A. and Tosaf Group

08-21-2018 07:14 PM CET | Industry, Real Estate & Construction

Press release from: Market Study Report

Masterbatch Market, Masterbatch Market Study, Masterbatch Market Size, Masterbatch Market Segmentation, Masterbatch Market Growth

Masterbatch Market, Masterbatch Market Study, Masterbatch Market Size, Masterbatch Market Segmentation, Masterbatch Market Growth

The prime objective of Masterbatch Market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing.
Deep researches and analysis were done during the preparation of the report.

Masterbatch Market is forecast to exceed USD 14 billion by 2024, The massively expanding automotive industry is expected to be a key revenue pocket for the growth of masterbatch market, given that this business space is now remnant of automakers attempting to replace conventional auto parts with plastic counterparts. Essentially a solid product encompassing a collection of additives encapsulated into a carrier resin during a heating procedure, that is later cooled and cut into suitable shapes, a masterbatch forms the basis of the plastic component manufacturing process, making it a crucial necessity across the automotive industry.

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Report Mainly focuses on the top Manufacturers in global market are given bellow

Cabot Corporation, PolyOne, RTP, Ampacet, Plastika Kritis S.A. and Tosaf Group.

Driven by the ongoing trends of sustainability, energy efficiency, and environmental safety, prominent automakers across the developing as well as developed nations have been extensively venturing into the electric vehicle market. As the demand and production for electric vehicles increases across the globe, the requirement for a variety of masterbatches is expected to soar several notches higher, propelling the overall masterbatch industry. Statista claims that the number of electric vehicles on roads crossed a humongous 3 million in 2017 – close to an expansion of 50% as compared to 2016. The U.S., of this estimate, accounts for around 720,000, while Europe boasts of 820,000 EVs in circulation. China, driven by rapid investments and regulatory policies, is credited with having the largest fleet of electric cars – a mammoth 1.23 million.

Given the massive demand for EVs, it is rather overt that the requirement of plastic auto parts is slated to become huge in the ensuing years, gradually propelling masterbatch market share. Having recognized the potential demand for these products, prominent industry contenders have been working to expand their product portfolios, including extensive diversifications in color and additive masterbatches.

By Product

• Black
• White
• Color
• Additive

By End-user

• Automotive
• Consumer Goods
• Packaging
• Agriculture
• Construction

Masterbatch market is likely to grow at a CAGR of over 5.4% in the forecast timeframe, rising usage of plastic alternative to metal in automotive will accelerate growth. Government investment plan and stable policy framework for automobile manufacturers in Asia Pacific will significantly impact market growth by 2024. Further changing consumer preferences toward better living standards with growing per capita income in the region is cumulating purchasing power of customer, will substantially boost revenue generation of automotive industry. These factors will positively grow market demand for polymers in automotive industry, promoting growth for masterbatch products by the end of forecast period.

Growing percentage of agricultural land due to increasing population will enhance the demand for agricultural films. This film is manufactured by polymers which comprises bio based masterbatch that helps to degrade polymers. Rising trend for eco-friendly products among the industrial players and consumers is driving bio based masterbatch market, further excellent moisture shielding and protecting properties had increased crop productivity which is significantly driving the market.

Market growth is challenged by rise in prices of masterbatch products influenced by changing market dynamics such as heavy demand from end-user industries and growing price of raw material. The demand for masterbatch product will be negatively impacted by these factors in the forecast period. Moreover, implementation of stringent regulation by several government across the globe for guiding application of certain pigments in food packaging and holding material will decelerate market demand in coming years.

Black masterbatch product is significantly growing with a CAGR of around 5.7%, owing to increasing application in automotive industry. It is highly consumed product in various end-user industry. Second largest segment is color masterbatch which have widespread application in various consumer goods and packaging products. Shift in consumer preference toward packaged food product is augmenting market demand for polymers which is favoring the market.

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The above information is provided on a regional and country basis for the following:

U.S., Canada, Germany, UK, France, Italy, Russia, China, India, Japan, Indonesia, South Korea, Brazil, Mexico, South Arabia, South Africa, UAE
Automotive industry holds highest market share in terms of revenue with USD 6.3 Billion in 2016, the industry is witnessing high growth in Asia Pacific and Europe. China is majorly dominating the market owing to government automotive mid and long-term development plan. In addition, government is highly investing to develop electric vehicle which will drive polymers market in coming years. Agriculture is estimated to grow with CAGR of around 6.0%, the market growth is significantly driven by growing percentage of cultivation land and rapidly increasing population. Followed by agriculture, consumer good segment will witness substantial growth in coming years with increasing application of polymer in home appliance products.

Asia Pacific, primarily China, is expected to grow at a significant rate during forecast timeframe. Automotive, consumer goods and packaging are growing industries of Asia Pacific. Countries for instance India and China are spending massive amount to develop these industries for economic growth, which is positively influencing the market in coming years.

The region is witnessing high investment in construction and automotive industry which will gain significant demand for plastic favoring masterbatch market. Europe is second highest country in terms of market share with CAGR of around 5.6%, high automobile production and improving market condition post rescission is likely to grow the market.

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