Press release
Color Masterbatches Market Revenue is expected to Surpass US$ 13.6 Bn by 2022
Report overview @ https://www.persistencemarketresearch.com/market-research/color-masterbatches-market.asp
Moreover, for certain applications, polymer material needs special properties like UV balance, surface resistivity, optical brightness, enhanced transparency, avoiding yellowing, flame retardation and scratch resistance, with a view to achieve improved performance, which is provided by color masterbatches. These factors have favored the expansion of the global color masterbatches market in recent years.
According to Persistence Market Research, the global color masterbatches market is projected to grow at 5.1% CAGR during the period of assessment, 2017-2022.
5 Key Highlights on the Global Color Masterbatches Market
Europe region to show positive growth during the assessment period. it is anticipated to witness moderate growth during 2017-2022 period and is expected to dominate the global market in terms of high market share
Asia-Pacific excluding Japan (APEJ) region shows high potential due to increased adoption of color masterbatches in various industries such as packaging and automotive. China and India are major contributors to the growth of color masterbatches in the APEJ region, making it a potential region for the color masterbatches market. Several manufacturers are investing in this region to develop manufacturing plants due to low cost, high labor availability and increasing demand for color masterbatches
In the application category, the scratch and mar additives segment is anticipated to ascend at a higher CAGR of 5.8%. The growth of this segment can be attributed to the anti-scratch property that color masterbatches deliver which is widely used on polymers to perform special functions especially in interiors of car, consumer goods and electronic devices
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Marine segment by end user category is projected to witness fast pace to register a robust 5.9% CAGR followed by electronics and electrical segment during the period of forecast. However, color masterbatches are widely used in packaging segment, which leads the global market
Standard color and specialty color masterbatches are anticipated to witness similar growth pace during the assessment period; but standard color masterbatches have experienced higher revenue than specialty color masterbatches during 2016 -2017 and is likely to continue this trend in the coming years. However, tailor-made color masterbatches are projected to experience high market share by the end of 2022
The research report has also profiled key players in the global color masterbatches market. These include players such as Marval Industries Inc., RTP CO, Americhem, Uniform Color Company, Inc., Cabot Corporation, Ferro-Plast Srl, Standridge Color Corporation, Techmer PM Inc., Ampacet Corporation, Clariant AG, A. Schulman, Polyone Corporation and BASF SE.
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