The global Masterbatch Market size is expected to reach USD 16,354.66 Million by 2026, exhibiting a CAGR of 5.3% during the forecast period. Fortune Business Insights™ published a premium research report titled, “Masterbatch Market Size, Share & Industry Analysis, By Type (White, Black, Color, Additive, and Fillers), By Polymer (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, and Others), By End-Use (Packaging, Building & Construction, Consumer Good, Automotive, Agriculture, and Others), and Regional Forecast, 2019-2026,”.
The Masterbatch Market Drivers and Restraints :
Various factors are responsible for the global Masterbatch market growth. These include the rise in construction activities for all residential, commercial, and industrial purposes, increasing demand for automobiles, especially lightweight vehicles, and the increasing preference for plastic goods worldwide. On the contrary, factors such as the fluctuating price of raw materials such as titanium dioxide, polymers, and others with a high volatile nature may pose a major challenge to the overall market. Nevertheless, increasing demand for plastic packaging from sectors such as food and beverage and pharmaceuticals are likely to create lucrative growth opportunities for the market in the coming years.
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List of the Key Companies Profiled in the Masterbatch Market Research Report are:
- Ampacet Corporation
- PLASTIKA KRITIS S.A.
- Hubron International
- Penn Color Inc.
- Schulman, Inc.
- Cabot Corporation
- Other Players
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Asia Pacific to Continue Dominance with Increasing Consumer Expenditure on Infrastructural Development
In 2018, Asia Pacific emerged dominant in the market with a revenue of USD 3,998.14 Million. This is attributed to the high demand for packaging from key economies such as China, India, and Taiwan.
Major Industry Developments of the Market include:
February 2020 – PLA Masterbatch were launched by Viba, a masterbatch producer in Italy. It is a range of color concentrating additives or combining Masterbatch based on a PLA carrier material and optimized for various processing technologies.
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