Masterbatch Market | Key players operating in the market include LyondellBasell, Avient Corp, Ampacet Corp, Cabot Corp, Plastika Kritis S.A.

According to recent market research "Masterbatch Market by Type (Color, Additive, White, Black, Filler), Polymer (PP, LDPE & LLDPE, HDPE, PVC, PET, PUR, PS), Application (Packaging, Building & Construction, Automotive, Consumer Goods, Textile, Agriculture) - Global Forecast to 2025", The masterbatch market is projected to reach USD 14.3 billion by 2025, at a CAGR of 5.1% from USD 11.1 billion in 2020.

Masterbatch is a blend of pigments, additives, and polymer materials (carrier resin). It is used as a chemical ingredient to enhance the properties of plastics and impart shades of color. Masterbatch is widely available in granular shape for easy processing of plastic products. Color, additive, black, white, and filler are the different types of masterbatches used in polymers such as PP, LDPE & LLDPE, HDPE, PVC, PET, PS, and PUR. Some of the important applications of masterbatch are packaging, building & construction, automotive, consumer goods, textile, and agriculture.

Browse 288 market data Tables and 85 Figures spread through 281 Pages and in-depth TOC on "Masterbatch Market - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/masterbatches-market-168014686.html

"Color masterbatch is projected to be fastest growing type for masterbatch between 2020 and 2025"

The color segment is estimated to account for the largest share of the market. The growing need for color masterbatch in the packaging, building & construction, automotive, consumer goods, and agriculture applications to increase the aesthetic appeal of the product is driving the color masterbatch market. There are different type of color masterbatches namely, standard color, specialty color, and tailor-made color. Standard color is used to impart standard color to plastics. This type of masterbatch is readily available in basic colors such as red, blue, green, and yellow. Specialty color masterbatch is mostly used for high visibility and is readily available with the manufacturers such as metallic, pearlescent, fluorescent, and phosphorescent. Finally, tailor-made color is customized color based on consumer demand.

"LDPE & LLDPE is projected to be fastest growing polymer for masterbatch between 2020 and 2025"

LDPE & LLDPE is the fastest-growing polymer for masterbatch. It is projected to register a higher CAGR of in terms of value, between 2020 and 2025. This growth is attributed to its relatively low cost of production and its increasing use in various applications, such as consumer goods, packaging, and medical & healthcare. These are the most common plastics used in different applications, mainly due to their cost and their characteristics. On the other hand, high performance plastics are used in applications where specific functionalities are required to sustain in extreme conditions.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=168014686

The masterbatch market size is estimated to be USD 11.1 billion in 2020 and is projected to reach USD 14.3 billion by 2025, at a CAGR of 5.1% during the forecast period. Factors such as replacement of metals with plastics in the automotive industry will drive the masterbatch market. The major restraint for the market will be the limiting factors of the masterbatch such more inventory space and longer lead time. However, the growth in emerging economies will act as an opportunity for the market.

The key market players profiled in the report include LyondellBasell (US), Avient Corporation (US), Ampacet Corporation (US), Cabot Corporation (US), Plastika Kritis S.A. (Greece), Plastiblends India Ltd. (India), Hubron International (UK), Tosaf Group (Israel), and Penn Color, Inc. (US).

Players in the masterbatch are mainly concentrating on new product launches, merger & acquisition, and expansions to meet the growing demand for masterbatch for various applications. New product launches help companies to strengthen their product portfolio and meet the specific demands of customers.

The growth of the masterbatch market has been largely influenced by new product launches, expansions, agreements and acquisition that were undertaken between 2016 and 2020.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=168014686

Clariant AG is one of the major players in the masterbatch market. In order to expand its business, the company is focusing on enhancing its market reach by opening plants to increase the capacity. For instance, in February 2019, Clariant AG has expanded its masterbatch production facility in Maine, Sweden and Singapore. This expansion will help the company to meet the increasing demand from customers. Similarly, In March 2018, Ampacet Corporation started new additive production line in Belgium. This expansion will help the company to improve the overall customer experience.

Companies such as Ampacet Corporation and Tosaf Group have adopted new product launches to enhance their market position. The companies also adopted new product launch as a strategy to expand their product portfolio and market presence. For instance, in March 2019, Ampacet has launched a new product called Blue edge masterbatch, designed for use in recycled PET. Similarly, In August 2018, Tosaf Group had launched new heat screening masterbatches IR7579PC and IR7581PC for polycarbonate and PA roofing.

In March 2017, Clariant AG and SICPA SA (Switzerland) entered into a partnership to introduce a new plastic-based anti-counterfeiting system, plastiward, for the first time in North America. Plastiward is made of polymer compounds and tailored masterbatch.

In October 2018, Cabot Corporation acquired the Chinese carbon black manufacturer NSCC Carbon (Jiangsu) Co. Ltd (China). This acquisition will help the company to expand its production facility in China, and hence will increase the production of masterbatch.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/masterbatch.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/masterbatches-market.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.