1. Market Research
  2. > Chemical
  3. > Specialty Chemical
  4. > Plastic Market Trends
Global Masterbatches Market Powered by Transformative Mega Trends, 2020

Global Masterbatches Market Powered by Transformative Mega Trends, 2020

  • December 2020
  • 87 pages
  • ID: 6000042
  • Format: PDF
  • Frost & Sullivan

Summary

Table of Contents

Masterbatches allow easier incorporation of pigments and additives in polymer resins and elastomers and provide improved product consistency and process stability through better dispersion. These products also enable safer handling of hazardous chemicals by encapsulating them in a carrier resin or elastomer.

Additionally, they are mostly available in a dust-free pellet form and ensure cleaner production area, reduction in cross-contamination, and quicker transition between different products. Hence, masterbatches are being increasingly preferred over conventional pigments and additives, particularly across different end-use industries, including packaging, agriculture, textiles, and healthcare. The masterbatches market comprises segments including color, additive, white, black, and filler. The market has been divided into thermoplastics and thermosets based on end-product family type.Both by value and volume, additive and color masterbatches together contributed to the highest shares in the global masterbatches market in 2020. They are expected to retain their dominant market share during the forecast period. Additive masterbatches contribute to better plastic performance, while colored ones improve the diversity of polymers, thereby, making the end products suitable for numerous application areas.By end-product families, thermoplastics, including thermoplastic polymers and elastomers, accounted for the largest share of volume consumption of masterbatches worldwide in 2020 due to their high efficacies in providing consistent color addition and the ability to enhance the performance characteristics of natural or base resins. The demand for these masterbatches is expected to further increase in the future, particularly for various application areas that require commoditized thermoplastics such as PE, PP, PET, and PS. Packaging and films continue to remain the largest end-use industries for thermoplastic masterbatches, owing to the extensive usage of these pellets for manufacturing food and beverage packaging, greenhouse films, mulching films, and pharmaceutical packaging, among others. The penetration of masterbatches for thermoset products, including synthetic rubbers and thermoset resins, was significantly lower than for thermoplastics, and this is likely to continue during the forecast period. For thermosets-based application areas, end users widely prefer using powdered or liquid pigments and additives that are commonly available at much lower prices compared to solid and liquid masterbatches. However, these thermoset masterbatches are occasionally preferred for value-added applications that involve excellent color and additive distribution. A few chemicals (e.g., mercaptobenzothiazole) are difficult to disperse in their original powder form and, hence, use masterbatches. In the last few years, developing countries, especially those in Asia-Pacific, MEASA, and Latin America have been witnessing a significant increase in their middle-class population and household incomes, which has led to a growth in discretionary spending, particularly for commoditized thermoplastic-based products. Moreover, these economies have also emerged as prominent low-cost manufacturing hubs for both thermoplastic- and thermoset-based products, such as food and beverage packaging, agricultural films, non-woven surgical masks, apparel, home appliances, consumer electronics, piping, and automotive components. The market for masterbatches is likely to benefit from the increasing development of these end products, owing to their dust-free operation and capabilities to meet functional requirements across several application areas. The market is likely to witness high growth in China, Thailand, Vietnam, Indonesia, Malaysia, India, Turkey, Saudi Arabia, UAE, Mexico, and Brazil. The matured markets of North America and Europe are increasingly focusing on availing value-added materials that are more and more sustainable, while providing improved performance across diverse domains. Large-scale companies need to penetrate the market with high-quality masterbatches that offer better color consistency, uniform additive dispersion, zero-dust operation, ease of processing, excellent recyclability, and extensive compatibility with different carrier resins. While both solid and liquid masterbatches offer superior color dispersion and are highly effective in enhancing the properties of end products, they still face a constant threat from both powdered and liquid pigments and additives. Critical factors such as price, performance, and nature of end-product families determine the competition. Masterbatches are often more expensive than their powdered counterparts, which, in turn, is restraining their growth, particularly for engineered plastics and synthetic rubbers. Moreover, due to the recent COVID-19 virus outbreak, both thermoplastic and thermoset material consumption across several end-use industries has been facing significant challenges related to supply-chain disruption and labor shortages. Additionally, many companies have suspended their production activities at numerous sites worldwide for the time being. This, in turn, has hampered the market growth of masterbatches globally, particularly for automotive, construction, textile, consumer, and electricals and electronics in 2020. However, the consumption of masterbatches for packaging, agriculture, and healthcare sectors witnessed growth, owing to increasing usage of packaged foods and personal protective equipment during the pandemic. Masterbatch manufacturers are anticipated to emphasize more on strengthening long-term relationships with resin producers, distributors, compounders, and extruders, to control their position in the supply chain. Moreover, the market is expected to consolidate with mergers and acquisitions, coupled with vertical integration activities among companies, to increase product offerings and stay ahead of the competition. Additionally, companies are also focused on developing value-added and innovative product grades along with enhancing the performance of existing ones to drive revenue growth.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2020

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on