Global Masterbatch Market 2023:Clariant, A. Schulman, Inc., ALOK, DongGuan HengCai Plastic Pigment Ltd., Plastiblends, PolyOne, POLYPLAST, GCR Group, Astra Polymers, RTP Company

Global Masterbatch Market: Information by Type (Color, White, Black, Additive), Application (Packaging, Consumer Products, Building & Construction, Automobile Industry, Electrical & Electronics), & Region (Asia Pacific, North America) - Forecast till 2023

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The high demand for plastics in end-use industries has propelled the need for masterbatch processes. Masterbatches are esters of adipic acid or benzoic acid, mainly used as plasticizers. It consists of an amalgamation of pigments or additives which are encapsulated during a heating process and cut into granular shapes. The emphasis on mass production has created the need for these additives. The global masterbatch market is touted to experience growth at a CAGR close to 5.54% during the assessment period (2018-2023), as per an in-depth market report by Market Research Future (MRFR).

The demand for plastics in the automotive industry owing to its lightweight nature and cost-effective production cost is expected to be the primary driver of the market. The surge witnessed in the packaging industry can also act as a catalyst. The use of masterbatch for coloring of additives can provide new growth opportunities for the market. The shift towards packaging products and improved living standards are factors which can act as favorable tailwinds for the market.

Report Overview

The report covers the latest trends affecting the market to provide the most accurate forecasts and predictions. By correlating the historical data with key market dynamics, our analysts can make highly astute projections. MRFR’s report includes a thorough analysis of the global masterbatch market segmented by type, application, and region. Trends and opportunities are highlighted coupled with the market share of companies as well as their valuation in the market. It analyzes new revenue sources for players and outlines the various strategies implemented by players.

Segment Overview

By type, the masterbatch market is segmented into color, white, black, and additive. Major market applications include electrical & electronics, packaging, building & construction, automobile industry, consumer products, and others. These applications employ the use of masterbatch to cater to the various aesthetic demands by consumers.

The segments and sub-segments covered in the report are analyzed with respect to five major regions – North America, Latin America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA), with respective country-level market sizing. The definition and advantages of the product “masterbatch” is outlined in the report for a comprehensive understanding of the market. The report discusses the various players involved in the value chain and their contributions to evaluate future opportunities within the market.

Competitive Landscape

Noteworthy players in the masterbatch market include Clariant, A. Schulman, Inc., ALOK, DongGuan HengCai Plastic Pigment Ltd., Plastiblends, PolyOne, POLYPLAST, GCR Group, Astra Polymers, RTP Company, Cabot Corporation, Tosaf, Americhem, Inc., GABRIEL-CHEMIE Group, Plastika Kritis S.A., Ampacet Corporation, Hubron International, and Prayag Polytech. The market is competitive in nature with companies expanding to tier-2 and tier-3 cities to increase their production capacity. Supply agreements, mergers & acquisitions, and new product launches are strategies being deployed by companies to capture a larger market share.

The report offers comprehensive profiles on these market players and assesses their current standing in the market. Company history coupled with annual turnover, profit margins, segmental share, SWOT analysis, growth strategies, new product launches, mergers and acquisitions (M&A) activities, and latest R&D initiatives are discussed in granular detail.

Research Methodology

At MRFR, our research analysts conduct a thorough objective analysis of the market when creating market reports by adhering to a rigorous set of standards which allow a truly comprehensive view of the market. Use of primary research strategies such as interviews with top-level decision makers of various leading companies in the relevant market combined with secondary research provides a thorough analysis of past and present trends in a forward-looking manner.

Additionally, market size estimation and validation use both top-down & bottom-up approaches to obtain data from the demand and supply-side. Credible resources are employed to assist analysts to understand the nuances of market factors with consistency. Competent data analysts use strong analytical tools to ascertain accurate analysis of very relevant parameters in an effort to provide clients with a conclusive and dependable view of the future.

Analysis Period

Base Year - 2017
Projection Period - From 2018 to 2023
Market Denomination - USD Million
Volume Unit - Thousand Tons
Conversion Rate - Considered as per the respective financial years
For the scope of research, the report offers a comprehensive analysis of the global masterbatch market.

Type

Color
Black
White
Additive
Application

Automobile Industry
Building & Construction
Electrical & Electronics
Consumer Products
Packaging
Others
Region

North America
The U.S.
Mexico
Canada
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Europe
France
Germany
Italy
The U.K.
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Indonesia
South Korea
Southeast Asia
Rest of Asia Pacific
The Middle East & Africa
UAE
South Africa
Egypt
Nigeria
South Africa
Rest of the Middle East & Africa

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Intended Audience
Government
End-use Industries
Suppliers and Distributors
Masterbatch Manufacturers
Raw Material Suppliers
Associations
Potential Investors

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.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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This release was published on openPR.