Global Color Masterbatch Market Information-by type (White Masterbatch, Standard Color Masterbatch, Black Masterbatch, Additive Masterbatch and Others), by application (Consumer Goods And Retail, Textile, Packaging, Automotive and Others) and by Region - Forecast to 2027.
Pune, India -- (SBWIRE) -- 12/08/2017 -- Market Synopsis of Global Color Masterbatch Market:
Color Masterbatch is a mixture of pigments or additives which are compressed during heat process into a carrier resin. Then the mixture is cooled and cut into granular shape. Masterbatch is solid additive which is processed to color raw polymer during plastic manufacturing process. There are three types of masterbatch which include white masterbatch, standard color masterbatch, black masterbatch, additive masterbatch and others. In which the black masterbatch accounted for largest market share of 30 % in 2015, with market value of USD 1,140 million and is projected to grow at the higher CAGR of 5.60% during forecasted period. Standard Color Masterbatch was the second largest market in 2015, it is projected to grow at a CAGR of 5.91%.
The Global Color Masterbatch Market is driven by the increasing application in compounding procedures and increasing use of color masterbatch as substitute for compounds into engineering polymer markets. Also, the augmented demand for color masterbatch is predominant reason for the heightened market growth of Color Masterbatch. Factors such as - necessity for advanced performance standard from polymer materials with properties such as UV stabilization, flame retardation, optical brightness, enhanced transparency, surface resistivity, prevention of static and yellowing (oxidative or thermal degradation), scratch resistant, etc. are providing impetus to the market growth during the forecasted period. Additionally, Government's stringent regulations towards the reduction in greenhouse gases is causing a rise in the demand for light weight vehicles. When plastic content is increased in vehicles, it reduces their weight and emission of carbon, which also increases fuel efficiency. This leads to replacement of metal parts by plastic ones in the vehicles. This indicates opportunities for growth in color masterbatch market.
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Color Masterbatch Global Market - Competitive Analysis
The key players operating in the Color Masterbatch market compete based upon pricing, Technology and services. Vendors operating in the Color Masterbatch Market strive to deliver the best quality products based on innovative technologies, and best practices. Color Masterbatch market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further. Manufacturers operating in to the Color Masterbatch market, strive to produce masterbatches that are cost-effective and convenient to deliver high performance, customized solutions in the manufacturing environment. By offering specific performance enhancements in a masterbatch, manufacturers can maintain production flexibility and lower cost while meeting their end-user requirements.
October, 2017 – A. Schulman Inc. (Nasdaq-GS: SHLM), launches its latest innovations and comprehensive product range of Masterbatches, Engineering Plastics, Engineered Composites, Specialty Powders and Distribution Services in Friedrichshafen, Germany.
March 2017 – considering the increased demand for Colored masterbatches across the European region A. Schulman announces its increase capacity for color masterbatches. A. Schulman will add three additional extruders in their facilities in Hungary, Italy and Poland.
Color Masterbatch Global Market - Regional Analysis
On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, South America and Middle East & Africa. Globally, Europe holds largest market share with increase in development of application industry. Europe accounted for largest market share of 35% in 2015, with market value of USD 1,330 million and is projected to grow at CAGR of 5.91% during the forecasted period. Asia-Pacific was second largest market in 2015, valued significantly in 2015 and is projected to grow at CAGR of 6.63%.
Europe accounted for the largest market share of 35.00% in 2015, with a market value of USD 1,330.0 million and is projected to grow at a CAGR of 5.91% during the forecast period.
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Key Points from Table of Contents:
10 Company Profiles
10.1 A Schulman Europe
10.1.1 Company Overview
10.1.2 Product/Business Segment Overview
10.1.3 Financial Updates
10.1.4 Key Developments
10.2 Tosaf Compounds
10.2.1 Company Overview
10.2.2 Product/Business Segment Overview
10.2.3 Financial Updates
10.2.4 Key Developments
10.3 Polyplast Müller
10.3.1 Company Overview
10.3.2 Product/Business Segment Overview
10.3.3 Financial Updates
10.3.4 Key Developments
10.4 Polyone Corporation
10.4.1 Company Overview
10.4.2 Product/Business Segment Overview
10.4.3 Financial Updates
10.4.4 Key Developments
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