June 13, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Masterbatch Market.
It was estimated prior to this unanticipated outbreak that the Masterbatch Market is likely to witness a CAGR of 5.2% during the forecast period. The prime factors that are driving the masterbatch market are the expanding packaging industry along with the organic growth of the building & construction, consumer goods, automotive, textile, and agriculture industries.
Market Scope & Segmentation
Masterbatch is an additive used for coloring plastics or imparting other properties to plastics during the manufacturing process. Masterbatches can be of various types such as color, white, black, additive, and filler. They are widely used in packaging, building & construction, consumer goods, automotive, textile, agriculture, and others. They are usually imparted with polymers such as PP, LDPE/LLDPE, HDPE, PVC, PUR, PET, PS, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the type, the market is segmented as color, white, black, additive, and filler. The color type held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Increasing use of color masterbatch in packaging, building & construction, automotive, consumer goods, agriculture, and textile industries is the major factor behind the dominance of the segment.
On the basis of application type, the market is segmented as packaging, building & construction, consumer goods, automotive, textile, agriculture, and others. The packaging segment holds the largest share of the market and is also expected to witness a healthy growth during the forecast period. Expanding range of packaging in a wide array of industries including building & construction, consumer goods, electricals & electronics, personal care, medical, household, and other industries is the major factor driving the growth of the segment.
In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing masterbatch market during the forecast period, with China, Singapore, South Korea, Japan, and India being the major countries with lucrative growth opportunities. The growth of the market is majorly driven by significant economic development in the regions, rapidly expanding construction industry, and presence of huge consumer base. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Key players operating in the global Masterbatch market are-
- Clariant AG
- Ampacet Corporation
- A. Schulman, Inc.
- Polyone Corporation
- Cabot Corporation
- Plastika Kritis S.A.
- Plastiblends India Ltd.
- Hubron International
- Tosaf Group
- Penn Color, Inc.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Masterbatch analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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