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Masterbatch Market Size, Share, Development by 2023
Masterbatches are solid or liquid mixture of additive or pigments used for coloring or enhancing other properties of polymers such as UV stabilizing, flame retardation, antistatic and antilocking. It allows the processor to color raw polymer economically during the plastics manufacturing process. It is widely used in packaging industry, automobile industry, building & construction industry and electrical & electronics industry.
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Global Masterbatch Market: Forecast by Type / Application / Region
At present, the production of masterbatch distributed evenly in Europe, USA, China and India, taking about 28.3 %, 15.6%, 33.4%, 5.7% respectively in 2015. Masterbatch industry in India is highly fragmented with a few major players & large number of small and medium players who account for majority of the market share. To meet the strong demand of masterbatch, many manufacturers established manufacturing plants in Europe.
The masterbatches industry is highly competitive due to low entry barriers as the industry is less capital intensive and there is no major technology involved. Given the competitive landscape of the industry, the bargaining power of players with clients is low thereby resulting in vulnerability to fluctuation in raw material prices.
Over the next five years, LPI(LP Information) projects that Masterbatch will register a 6.9% CAGR in terms of revenue, reach US$ 17700 million by 2023, from US$ 11900 million in 2017.
Global Masterbatch Market: Key Players
Clariant
Ampacet Corporation
A. Schulman, Inc.
Americhem, Inc.
Cabot Corporation
PolyOne
GCR Group
Tosaf
Plastika Kritis S.A
RTP Company
Polyplast Mueller GmbH
Plastiblends
Astra Polymers
Alok Masterbatches
Hubron
Hengcai
Gabriel-Chemie Group
Prayag Polytech
Wave Semuliao Group
Heima
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Related Information:
United States Masterbatch Market Research Report 2018
Europe Masterbatch Market Research Report 2018
North America Masterbatch Market Research Report 2018
Asia-Pacific Masterbatch Market Research Report 2018
China Masterbatch Market Research Report 2018
EMEA Masterbatch Market Research Report 2018
Global Masterbatch Market Research Report 2018
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