Press release
Color Masterbatch Market Research Report - Forecast to 2027
Color Masterbatch Global Market - OverviewThe Global Color Masterbatch Market is growing with the rapid pace; mainly due to its burgeoning applications. According to a recent study report published by the Market Research Future, The global market of Color Masterbatch is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2027, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2016 – 2027).
The Global Color Masterbatch Market is driven by the increasing application in compounding procedures and increasing use of color masterbatch as substitute for compounds into engineering polymer markets. Also, the augmented demand for color masterbatch is predominant reason for the heightened market growth of Color Masterbatch. Factors such as - necessity for advanced performance standard from polymer materials with properties such as UV stabilization, flame retardation, optical brightness, enhanced transparency, surface resistivity, prevention of static and yellowing (oxidative or thermal degradation), scratch resistant, etc. are providing impetus to the market growth during the forecasted period. Additionally, Government’s stringent regulations towards the reduction in greenhouse gases is causing a rise in the demand for light weight vehicles. When plastic content is increased in vehicles, it reduces their weight and emission of carbon, which also increases fuel efficiency. This leads to replacement of metal parts by plastic ones in the vehicles. This indicates opportunities for growth in color masterbatch market.
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Color masterbatch is a mixture of pigments or additives which are compressed during heat process into a carrier resin. Then the mixture is cooled and cut into granular shape. Masterbatch is solid additive which is processed to color raw polymer during plastic manufacturing process. Advantages of color masterbatch are good dispersion and distribution across plastics, not prone to uneven color ills, which guarantee better physical and mechanical properties to the material it is applied. Another advantage is mixing performance of the subsequent molding equipment requirements are lower; such as the use of color tablets for injection molding and use of plunger injection machine, which can get good quality products. Disadvantages of color masterbatch are coloring process step more than it dry or pasty colorant to be more even coloring a plastic granulation processes, the need for more production equipment and production space, paying more production costs and therefore high coloring costs, etc.
Color Masterbatch Global Market - Competitive Analysis
The key players operating in the Color Masterbatch market compete based upon pricing, Technology and services. Vendors operating in the Color Masterbatch Market strive to deliver the best quality products based on innovative technologies, and best practices. Color Masterbatch market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further. Manufacturers operating in to the Color Masterbatch market, strive to produce masterbatches that are cost-effective and convenient to deliver high performance, customized solutions in the manufacturing environment. By offering specific performance enhancements in a masterbatch, manufacturers can maintain production flexibility and lower cost while meeting their end-user requirements.
Industry News:
October, 2017 – A. Schulman Inc. (Nasdaq-GS: SHLM), launches its latest innovations and comprehensive product range of Masterbatches, Engineering Plastics, Engineered Composites, Specialty Powders and Distribution Services in Friedrichshafen, Germany.
March 2017 – considering the increased demand for Colored masterbatches across the European region A. Schulman announces its increase capacity for color masterbatches. A. Schulman will add three additional extruders in their facilities in Hungary, Italy and Poland.
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Segment Black Masterbatch accounted for largest market share of 30 % in 2015, with market value of USD 1,140 million and is projected to grow at the higher CAGR of 5.60% during forecasted period.
Standard color masterbatch was the second largest market in 2015, valued gloriously in 2015, it is projected to grow at a CAGR of 5.91% during 2016- 2027.
Packaging accounted for the largest market share of 34.00% in 2015, with a market value of USD 1,292.0 million and is projected to grow at the highest CAGR of 6.42% during the forecast period.
Color Masterbatch Global Market - Regional Analysis
On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, South America and Middle East & Africa. Globally, Europe holds largest market share with increase in development of application industry. Europe accounted for largest market share of 35% in 2015, with market value of USD 1,330 million and is projected to grow at CAGR of 5.91% during the forecasted period. Asia-Pacific was second largest market in 2015, valued significantly in 2015 and is projected to grow at CAGR of 6.63%.
Europe accounted for the largest market share of 35.00% in 2015, with a market value of USD 1,330.0 million and is projected to grow at a CAGR of 5.91% during the forecast period.
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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics 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.
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