Masterbatch Market to get significant proceeds by 2026

According to the report published by Global Market insights Inc., the global Masterbatch Market was estimated at $ 9.5 billion in 2018 and is expected to hit $15 billion by 2026, registering a CAGR of 5.5% from 2019 to 2026. The report provides a detailed analysis of the market size & estimations, major investment pockets, top winning strategies, drivers & opportunities, competitive scenario, and wavering market trends.

Global masterbatch market outlook is likely to be driven by growing adoption of plastics over other materials in various industry verticals, primarily due attributes to light-weight, cost-effectiveness, and durability. Growing popularity of biodegradable masterbatches for various applications in several end-use sectors may also change industry trends over the coming years.

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Masterbatch is a mixture of pigments, polymers, and additives that impart color and other properties to plastics, rendering them suitable for various end-use sectors, such as textile, furniture, packaging, automotive, etc.

Growing utilization of plastic in the automotive sector to achieve lightweighting in automotive components in order to improve fuel efficiency, may support business growth coming years. Moreover, regulatory mandates pertaining to vehicle production utilizing lightweight components may offer lucrative growth scope for masterbatch industry.

Growth Drivers are:

o Increasing application of plastic over metals in automotive industry
o Increasing demand for biodegradable masterbatches

Available in a variety of colors and the ability to lend varied textures makes masterbatch suitable for wide-ranging applications in consumer goods, such household items, insulation of cables, blow molding of bottles, etc. Expansion of the packaging sector and subsequent growth in demand for plastics in the industry may further fuel product penetration.

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Speaking in terms of product type, the industry is bifurcated into color, white, black and additive. Out of all the product types, color masterbatch business is witnessing heavy demand and is likely to register a growth rate of above 5.5% over 2019-2026. Such robust growth can be attributed to towering demand from various end-use industries, including packaging, consumer goods, furniture, construction, agriculture, aerospace, and automotive among other end-users. The black and white product types will also showcase exceptional growth rate owing to their extensive utilization in packaging and automotive sector.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

o Clariant
o Hubron International
o Ampacet
o Tosaf Group
o PolyOne
o Schulman
o Inc.
o Cabot
o Plastiblends

Considering the end-use backdrop, masterbatch industry is classified into construction, packaging, consumer goods, agriculture, automotive, aerospace, and other end-use sectors. Others include furniture and textile industries. Out of all the end-user sectors, packaging industry will hold maximum share and is likely to account for more than 4.5 billion in the overall share over the analysis period.

Growing consumer demand for ready to eat food has fostered the expansion of food packaging sector at a robust rate, which, in turn, is bringing excellent revenue flow in the masterbatch industry. Growing focus of manufacturers on producing products with creative packaging in order to attract more customers will also supplement industry share.

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Asia Pacific region is at the forefront of global masterbatch market and is likely to retain its dominance over the forecast period due to thriving automotive and packaging plastic production industries in the region.

That being said, other regions such North America, Middle East Asia & Africa, and Europe are also likely to witness significant product demand during the projected timeline. Expanding construction, automotive, and packaging sectors in these regions are slated to fuel masterbatch consumption in the near future.

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Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.