Global Masterbatch Market 2017-2021
A masterbatch is an additive (solid or liquid) for plastics. It is used for coloring or imparting other properties to plastics. It is a concentrated blend of pigments and additives, which is condensed during a heating process into a carrier resin. This carrier resin is cooled to form granules. A masterbatch permits the manufacturer to color raw polymers economically during the production of plastics.
Technavio’s analysts forecast the global masterbatch market to grow at a CAGR of 6.83% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global masterbatch market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Masterbatch Market 2017-2021
Technavio recognizes the following companies as the key players in the global masterbatch market: A. Schulman, Cabot, Clariant, PLASTIKA KRITIS, and PolyOne.
Other Prominent Vendors in the market are: AMERICHEM, Ampacet, Hubron International, Kunststof-Kemi Skandinavia, PPM (EMCOR Group), RTP, and TOSAFGROUP.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is innovations in additive masterbatch. Additive masterbatches are generally used to impart a specific characteristic to plastic products. Owing to continuous R&D, the number of additive masterbatches with varied functional properties is increasing.”
According to the report, one driver in the market is strong demand from automotive industry. The masterbatches are widely used in the automotive industry in plastic products in various applications such as safety airbags, radiator shrouds, sheet cushions, bumpers, filler tubes, gas caps, clips and connectors, handles, latches, back-lit buttons and switches, arm rests, seat pans, slides, levers, bushings, door modules, and front-end modules.
Further, the report states that one challenge in the market is volatility in raw material prices. The volatility in the costs of petroleum-based raw material compounds and the growing demand for masterbatch products in the emerging economies are posing a challenge to the market growth. The prices of raw materials such as polymers, additives, resins, and pigments have been fluctuating. Carrier compounds and resins in masterbatches are petroleum derivatives.
A. Schulman, Cabot, Clariant, PLASTIKA KRITIS, PolyOne, AMERICHEM, Ampacet, Hubron International, Kunststof-Kemi Skandinavia, PPM (EMCOR Group), RTP, and TOSAFGROUP.
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