The Global Color Masterbatch Market has recorded $6551.5 m in 2017 and it is estimated to surpass $ 12.35 billion with an estimated rate of 11.8% during 2018 to 2023. Black Color Masterbatches are witnessed as fast growing in the market with $1758.2 million revenue and growing with a CAGR of 9.2%. By Carrier Resin, Polyethylene holds $2.31 m in 2017 with 10.7% growth rate. By End-User, Food & Beverages records the maximum market revenue of $ 2708 million by 2017. Color Masterbatch industry in Europe is growing with an estimated rate of 5.7% by generating a market revenue of $1590.2 million in 2017.
What is Color Masterbatch Market?
Color masterbatches are produced from polymer materials which consists of carriers, plastic additives and pigments, attached to the resin with equal quantity. Color masterbatch is typically used to color plastics. They are used for the coloring of plastic materials with the use of different carriers like poly ethylene, poly propylene, polystyrene, resulting in the production of plastic masterbatches. Color masterbatches like black and standard color are used extensively. They are designed to provide properties like conductivity and light stability. Widely used in packaging industry, where it enhances the performance of plastic products. These are also used in applications like storage containers, pipes, cables, toys, roofing, electronics and seat belts.
This report incorporates an in-depth assessment of Color Masterbatches Market by Type, Carrier Resin, Process, End-User and Geography.
What are the major applications for Color Masterbatch Market?
The various end-users assessed includes Automotive, Medicine Packaging, F&B Packaging, Building & Construction, Consumer Goods, Textiles and Agriculture. Color Masterbatches are extensively used in package industry and for coloring plastics. Black Masterbatches are majorly used in automotive industry in both interior and exterior parts. Even the usage in electric and electrical appliances are rising, so this sector is capitalizing on new generation plastics. Polyester and polyamide color masterbatches are used for apparel and high tenacity fibers. PVC masterbatch is used widely in medical and food grade industries.
Market Research and Market Trends of Color Masterbatch Market
- An innovative development in color masterbatches is anti-fog masterbatch which helps to reduce the harmful effects of water drops on packaging film. These anti-fog additives for plain polyethylene films are well known and largely used. It has developed a number of new products for plastics packaging and so in Packaging Innovation, the business customs and connections in local markets ensure the consistent quality, efficient production and minimal risk for Suppliers, Warehousing, Transportation, Technical Support and Regulatory Requirements.
- The toy market is rising faster on customer’s demand, so it is important to understand the needs of toy designers to help them in turning their ideas into high-end quality products. Masterbatch Color is very important in sales factor with a good toy design and quality. From selecting the polymer precisely and colorant to find the right blends of parts and materials, color plays an important role in all the decisions of masterbatch manufacturing processes. The toy sector gets special challenges by color masterbatch manufacturers. The life cycle of the product is extremely short, so suppliers have to keep on updating the latest color designs as well as the trends of tomorrow.
Who are the Major Players in Color Masterbatch market?
The companies referred to the market research report includes Clariant, PolyOne Corporation, Cabot Corporation, Meilian Chemical Co., Ltd., Ampacet Corporation, A. Schulman, Inc., Polyone Corporation, Cabot Corporation, Plastika Kritis S.A., Plastiblends India Ltd. and more than 20 companies.
What is our report scope?
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.
All our reports are customizable to your company needs to a certain extent, we do provide 20 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Key Takeaways from this Report
- Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
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- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.