Plastic Masterbatch Market Forecast And Opportunities
Mar 24, 2018
Masterbatch market forecast and opportunities
Masterbatches find widespread use in various industries such as packaging, building and construction, automotive, appliances and consumer goods. Growth in masterbatch market is directly related to the amount of polymer consumption in a region. With increasing use of plastic in flexible packaging, building and construction and automotive industries, the global masterbatch market is forecast to grow at a CAGR of 5.3% during 2014-19. Masterbatches are classified into four categories- black, white, color and additive, depending on the color or certain functional properties they impart to the base polymer. Among different masterbatch types, color masterbatches occupied the highest revenue share in 2013. Color masterbatches are used in the production of plastics for automotive, appliances, food and beverage andpharmaceutical packaging. Black masterbatches are majorly used in building and construction, automotive and consumer appliance industries. Emergence of large-scale infrastructural projects in the Middle East and growth in Asia-Pacific construction industry are expected to emerge as major demand drivers for black masterbatches over the next five years. Additives is the fastest growing segment of masterbatches due to growing preference for customized plastic products in packaging, automotive, appliance, textile, pharmaceutical, and consumer goods industries. According to “Global Masterbatch Market Forecast & Opportunities, 2019”, fast emerging economies such as China and India as well as the Middle East and South America are expected to be the major drivers for the global masterbatch market during the forecast period.
LONDON, April 20, 2016 /PRNewswire/ -- Among various fast emerging countries within Asia-Pacific, China has maintained its position as the leading producer and exporter of masterbatches over the last five years. Steady growth in plastics industry, being driven by packaging, building & construction, automotive and consumer appliance industries, is in turn propelling the demand for masterbatch in China. Moreover, masterbatch consumption for packaging has increased significantly in China over the last five years due to rising popularity of small pack sizes, expanding sales and distribution network of plastic processors and plastic products, as well as growing flexible packaging market. Leading food and beverage companies are constantly exploring new packaging materials for attracting more eyeballs, which is further fueling the demand for masterbatches in the country.
According to "China Masterbatch Market Forecast & Opportunities, 2020", masterbatch market in China is projected to witness a CAGR of over 12% during 2015 - 2020. Though black masterbatch is the largest segment in the market, in terms of volume sales, color and additive masterbatches exhibit better growth prospects over the next five years. Color masterbatch segment is anticipated to be the fastest growing segment in China masterbatch market over the next five years, on account of surging demand in packaging industry. The market consists of many domestic players that offer products at very competitive prices. However, since China is one of the largest and most flourishing masterbatch markets globally, many international enterprises have also been making investments to capitalize on the opportunities available in the country's masterbatch market. "