KraussMaffei Berstorff (US) has recently launched Berstorff ZE 28 BluePower that has a liquid and solid metering system enabling single step production of color masterbatches.
At the same time, changing cost of some materials’ feedstock, polymers, titanium dioxide, carbon black, dyes, additives, and pigments, is having an impact on color masterbatches. As a result, Clariant International Ltd. had to increase prices of their entire product range.
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The color masterbatch market is banking heavily on tactical moves that include merger, acquisition, collaboration, product launch, and other methods. These strategies help both the company and market grow hand-in-hand. For instance, A. Schulman Europe has been acquired by LyondellBasell. This acquisition eases the path of growth for the latter and creates an opportunity for its shareholders as well. PolyOne Corporation, on the other hand, acquired PlastiComp, an innovator and producer of specialty composites.
The key players of the global color masterbatch market are A. Schulman Europe, Tosaf Compounds, Polyplast Müller, PolyOne Corporation, Hubron, Clariant Masterbatches, Cabot Plastics International and others.
Color Masterbatch Market is gaining traction owing to its integral role in the plastic industry. Its growth is proportional to that of polymer industry, and it is further ensured as globally plastic has started replacing metal in many ways. The industry is getting benefits of color masterbatch’s properties such as good dispersion and distribution across the plastic surface, ability to ensure better physical and mechanical properties, and better mixing performance. The global color masterbatch market is expected to scale a decent market valuation during the forecast period (2017-2027), reports Market Research Future (MRFR). The demand for the color masterbatch is growing due to its properties such as UV stabilization, flame retardation, optical brightness, improved transparency, surface & scratch resistance, and others helping the polymer market substantially. Furthermore, it ensures plastics growing used in vehicles and impacts the sector by helping in reduction of the vehicle weight.
However, laws regarding its utility are stringent, and its non-biodegradability poses a threat to the environment which can be a daunting task for industries to overcome. This can act as a color masterbatch market deterrent during the forecast period.
The global color masterbatch market can be segmented by types and applications.
Type-wise, the color masterbatch market includes white masterbatch, standard color masterbatch, black masterbatch, additive masterbatch, and others. Black masterbatch accounted for almost 30% of the market share in 2015 and is valued at USD 1,140 million with a projected CAGR of 5.60% during the forecast period.
Application-wise, the color masterbatch market is segmented into packaging, automotive, consumer goods & retail, textile, and others. Packaging, in 2015, accounted for 34% of the total market with its valuation ticked at USD 1,292 million. With 6.42% CAGR, the segment is expected to rule the domain in coming years.
Geographically, the color masterbatch market includes North America, Europe, Asia Pacific (APAC), South America, and Middle East & Africa (MEA).
The APAC market is creating quite a stir in the regional market as its burgeoning industries are generating substantial demand for color masterbatches. Packaging industry, in particular, is gaining ground owing to increasing urbanization and changing consumer pattern. Furthermore, major companies are now looking at the APAC as the best location to shift their production unit as the region incurs low labor cost and manufacturing cost.
Europe’s market is also considerably strong, and it has the potential to grow further both volume and value wise. Similar infrastructures can be found in North America, where the market is also having strong support from the regional players.
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