Masterbatches are the mixtures of liquid or solid additives or pigments majorly employed for the enhancement or the coloring the several other possessions of polymers such as antistatic, UV stabilizing, flame retardation and anti-locking among others. Masterbatches can be broadly deployed by numerous technological procedures such as spinning, injection, blow and others. Increasing end user markets like automobile, packaging and healthcare is one of the major aspects accelerating the overall demand for masterbatches hence in turn fueling the global masterbatch market. In addition to this, rising demand for plastics majorly from packaging, luxury goods and construction industries are some other major factors accelerating the growth of the global masterbatch market during the forecast period.
The rising demand for ultra light weight vehicles around the world is considered to be one of the major factors surging the demand for masterbatches across the globe due to increasing concerns of the European Union to reduce the overall emissions of greenhouse gases such as ammonia and CO2. However, factors such as increasing prices of crude oil coupled with strict environmental policies and norms associated with the non biodegradability of polymers are some other key aspects anticipated to pose a significant challenge to the growth of the overall plastic and polymers industries which is in turn is expected to hinder the growth of the global masterbatch market in the foreseeable years.
The global masterbatch market can be segmented on the basis of application, type and region. On the basis of type, the global masterbatch market can be classified into white, black, filler, color and additives. Based on application, the global masterbatch market can be bifurcated into packaging, building & construction, consumer goods, automotive, textiles and others. On the basis of region, the global masterbatch market can be segmented into Europe, Latin America, Middle East & Africa, North America and Asia Pacific. The robust demand especially in the Asia Pacific region is anticipated to be one of the key driving factors for the overall growth of the global market. Besides, China is further probable to account for the maximum share in the global market and is predicted to maintain its lead in the complete demand during the forecast period. This can be recognized to fast industrialization and growing urbanization during the past few years. The markets in various other developing economies like Russia, Argentina, Brazil, Indonesia, New Zealand, Poland, Korea and India among others are also likely to see a swift growth during the forecast period. In addition to this, growing per capita disposable revenue and rush in the global economy is another key factor which is expected to bring stimulus in the growth of the global market during the forecast period.
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Key players operating in the global market are concentrating on some of the major market strategies such as mergers, collaborations, partnerships and acquisitions in order to keep grip in the always competitive global market. Besides, they are aiming on gaining grip on the local players to toughen their goodwill as well as to improve their market reach in the global market. Some of the major players operating in the global masterbatch market include, Ampacet Corporation, PolyOne Corporation, Ferro Corporation and GABRIEL-CHEMIE GROUP, Clariant International Ltd. among others. Masterbatch market in North America and Europe is mainly consolidated as the masterbatch market in LAMEA and Asia Pacific has a typically fragmented nature where in only China accounts for around 500 masterbatch manufacturers. Due to a huge number of mergers and acquisitions taking place around the world, the rivalry in the global masterbatch market is probable to reduce during the forecasted period.
The global masterbatch market can be segmented
• Building & construction
• Consumer goods
• Latin America
• Middle East & Africa
• North America
• Asia Pacific
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