According to the new market research report “Black Masterbatches Market by End-Use Industry (Automotive, Packaging, Infrastructure, Electrical & Electronics, Consumer Goods, Agriculture, Fibers) and Region (APAC, Europe, North America, Middle East & Africa, South America) – Global Forecast to 2026″, is projected to reach USD 3.0 billion by 2026, at a CAGR of 4.4 % from USD 2.4 billion in 2021.
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Black masterbatch is manufactured from carbon black pigment. It typically contains 30.0%–50.0% carbon black. Based on the specific plastic product, the carrier of carbon black is decided. For instance, PS products use PS as the carrier of carbon black. Black masterbatch is used in different polymers such as polypropylene (PP), low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), high-density polyethylene (HDPE), polyvinyl chloride (PVC), polyethylene terephthalate (PET), polystyrene (PS), polyurethane (PUR). Some of the important end-use industries of black masterbatch are packaging, infrastructure, automotive, electrical & electronics consumer goods, fibers, and agriculture.
Automotive is the largest end-use industry of the black masterbatches market. APAC was the largest market for black masterbatches in 2020, in terms of both volume and value. Factors such as growing demand from packaging industry, rapid industrialization in growing economies like China, India & Thailand and increasing demand for plastic molds in electric vehicles will drive the black masterbatches market.
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The black masterbatches market is projected to reach USD 3.0 billion by 2026, at a CAGR of 4.4 % from USD 2.4 billion in 2021.
This growth is mainly supported by the increasing need for innovative and attractive plastic products from the packaging industry. Most of the polymer manufacturers have switched the processing method of plastics from compounding to masterbatch. This process is cost-effective and saves processing time as compared to compounded materials. American and European black masterbatch manufacturers are focusing on expanding their manufacturing facilities in emerging economies owing to cost-effective labor, low setup cost, tax benefits, and high demand for black masterbatch.
Key players in this market are LyondellBasell (US), Avient Corporation (US), Ampacet Corporation (US), Cabot Corporation (US), Plastika Kritis S.A. (Greece), Plastiblends India Ltd. (India), Hubron International (UK), Tosaf Group (Israel), and Penn Color, Inc. (US). The global and regional players have sizable shares in the black masterbatch market. The key players in the market are focusing on strategies, such as new product launches, partnerships & agreements, acquisitions, and expansions, to expand their businesses globally.
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PolyOne Corporation, one of the leading manufacturers of specialized polymer materials, acquired Clariant’s masterbatch division in July 2020. The company also changed its name and is now operating as Avient Corporation. In order to strengthen their product portfolio, the company is focusing on organic growth for meeting client’s requirements. The company mainly focused on expansion and new product launch to strengthen its product portfolio. It offers black masterbatch for applications such as packaging, consumer goods, automotive, agriculture, and textile. The company has a strong geographical presence, with operations in five regions, namely, APAC, Europe, North America, South America, and the Middle East & Africa, with more than 50 production plants.In September 2019, the company launched its new black masterbatch colorants—OnColor RC Environmental Black—obtained from the end-of-life tires. This is a sustainable alternative to virgin carbon black. In January 2018, the company expanded its specialty color and additives expertise with the acquisition of a Spanish company named IQAP Masterbatch.
Ampacet Corporation is one of the top players in the black masterbatch market. They have a wide range of black masterbatch products. Ampacet black masterbatch has an important role in markets such as agricultural firms and irrigation systems, packaging, electronics, textile, automotive, toys, and construction. The company also offers masterbatches in different segments like color, white, and additive. The company, through its distribution network, sells its products to approximately 90 countries. These products are manufactured at 24 facilities across 17 countries.
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