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) -- 09/28/2017 -- 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%.
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, is projected to grow at CAGR of 6.63%. However, Asia-Pacific is sharing highest CAGR of 6.63%.
Europe is Leading Market:
Europe accounts for the largest market share of 35% in the Global Color Masterbatch Market in 2015. The Europe region is segmented into Germany, UK, Italy, France, Spain and Rest of Europe, where the impact of Germany is very strong in the European market as well as global market. In terms of value, European Color Masterbatch Market was valued at USD 1,330 million in 2015 with a CAGR of 5.91%. The major driving factor to the leading market of Europe are Growing Demand of Lightweight Vehicles, Increasing Demand for Specialized Colors and others. Asia-Pacific will be the fastest growing region when it comes to growth, where North America will be having a moderate growth.
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The need for Color Masterbatch is gradually rising owing to factors such as, growing demand from plastic industry, growing demand of lightweight vehicles, increasing demand from APAC region due to rapid industrialization, increasing demand for specialized colors and among others. Color Masterbatch is a new type of polymer materials which is dedicated to pigments and colorants and is also known as preparation of materials or Pigment Preparation. Color Masterbatch is basically an intense mixture of additives and pigments. These are mainly formed by compressing into a carrier resin by heating process. After that it is then cooled and cut into a granular shape. Masterbatches are the additives which are either solid or liquid and are majorly used for colouring plastic that is Color Masterbatch.
Global Color Masterbatch market is estimated to witness high demand in near future. According to MRFR analysis, the Global Color Masterbatch Market is expected to reach USD 7,268.3 million by 2027 expanding with a CAGR of 5.88%. On the basis of type, black masterbatch accounted the largest market value share of 30% in 2015 followed by Standard Color Masterbatch, White Masterbatch, Additive Masterbatch and others. On basis of application, packaging accounted for the largest market share of 34.00% in 2015, with a market value of USD 1,292.0 million and is projected to grow at the highest CAGR of 6.42% during the forecast period. Automotive was the second-largest market in 2015.
"Europe dominates the market during the forecast period"
For the purpose of this study, Market Research Future has segment the global Color Masterbatch market in five different region namely, North America, Europe, Asia-Pacific, South America and Middle East & Africa. The North American market is further divided into the US and Canada while the European market is segmented into Germany, France, UK, Italy, Spain and Rest of Europe. The Asia-Pacific market is sub divided into China, Japan, India and Rest of Asia-Pacific. The Global Color Masterbatch Market is expected to reach $5,816.2 million by the end of forecasted period i.e. 2027. Europe has accounted the largest market share followed by APAC and North America. The Europe region offers huge growth potential for Color Masterbatch Market and is slated to register the highest CAGR of 5.91% to reach $2,551.5 million by 2027.
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The Global Color Masterbatch Market has been segmented into type and application. On the basis of type the market has been divided into White MASTERBATCH, Standard Color Masterbatch, Black Masterbatch, Additive Masterbatch and others, whereas the application market has been divided into packaging, automotive, consumer goods and retail, textile and others. Packaging segment is estimated to dominate market with value share of 35% by 2015. This can be attributed to growing demand of Color Masterbatch from plastic industry in global market. Follow by this automotive is the second largest application market.
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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