Solid Masterbatches Market Size
The size of the global solid masterbatches market was estimated at $11.5 billion in 2021 and is expected to reach $16.15 billion by 2028.
The global solid masterbatches market is predicted to expand by 4.56% between 2021 and 2028. The study examines the growth in the solid masterbatches market, which is expanding at the moment as a result of the expansion of the construction and high-end product packaging industries.
Masterbatches are a plastic additive that can take the form of either a solid or a liquid, and they shield polymers from potentially damaging radiation while also colouring them and improving their mechanical qualities. The numerous dyes and pigments used in the creation of the colour additives contribute to the polymers’ improved characteristics.
Rapid industrialization coupled with surging levels of investment for the development of advanced infrastructure, rising use and consumption of polyvinylchloride and chlorinated polyvinylchloride in various applications, and the increasing preference for plastic over metal in the automotive industry are all major and vital factors likely to augment the growth of the styrene butadiene styrene (PVC) market in the coming years.
The solid masterbatches market is expected to expand during the previous mentioned forecast period on the back of several factors, including the rising popularity of products as an efficient colouring method and the use of various types of masterbatches in combination with polymers to make attractive packaging.
Solid masterbatches are expected to increase at a slower rate than the market as a whole over the forecast period due to strict environmental laws concerning the non-biodegradability of plastics and volatile product costs. The biggest and most important hurdle to the expansion of the business will come from problems associated with the complexity and expense of colour masterbatches.
Details of new developments, trade regulations, import/export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analysis of opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic regions, and more are all included in this report on the solid masterbatches market.
Solid Masterbatches Market Segmentation
The solid masterbatches market is divided into the market segments of engineering plastics solid masterbatch, mineral filled solid masterbatch, PET solid masterbatch, polyolefin solid masterbatch, polypropylene solid masterbatch, and additives, among others, based on the various types of products available. The solid masterbatch market for engineering plastics is expected to increase at a faster rate than the rest of the industry.
The global solid masterbatches industry is divided into three distinct market segments based on colour: colour, white, and black. Because of the remarkable colour distribution on the plastic product, the colour market is expected to increase at a faster clip than any other.
Packaging, automobiles, aerospace, marine, cosmetics and pharmaceuticals, electronics and electrical, buildings and consumer goods are all different segments of the solid masterbatches market. The increasing number of innovations in masterbatch quality and properties will cause the packaging segment to account for the lion’s share of the market expansion.
Key Players
The major players in the solid masterbatches market report are ALOK MASTERBATCHES PVT. LTD. Americhem; Avient Corporation; Clariant; Ampacet Corporation; LyondellBasell Industries Holdings B.V.; BASF SE; Techmer PM (Polymer Modifiers); Cabot Corporation.; FERRO-PLAST S.r.l.; MARVAL INDUSTRIES, INC.; RTP Company; Uniform Color; Standridge Color Corportation; Global Colors Group; Dongguan GreenTech Plastics Co., Ltd; MÜNZING Corporation.; Hubron International.; DIC CORPORATION; Tosaf Compounds Ltd.; Plastiblends; Astra Polymers; among other players.