Global Masterbatch Market

Global Masterbatch Market Size, Share, Growth Analysis, By Type(White, black), By Carrier Polymer(Polypropylene (PP), Polyethylene (PE)), By End-user(Building and construction, packaging) - Industry Forecast 2023-2030


Report ID: SQMIG15E2169 | Region: Global | Published Date: February, 2023 | Pages: 272 | Tables: 97 | Figures: 80

Global Masterbatch Market Insights

Masterbatch Market size was valued at USD 4554.74 million in 2021 and is poised to grow from USD 4855.35 million in 2022 to USD 8067.45 million by 2030, growing at a CAGR of 6.6% in the forecast period (2023-2030).

The masterbatch market is expected to be driven by the increasing substitution of metal parts with plastic and the usefulness of the service life of plastic materials and plastic products. Also, the increased focus in the automotive industry on using plastic to reduce vehicle weight is expected to drive the market over the forecast period. Additionally, significant growth in automotive and construction activities is expected to improve the potential for engineering plastics, particularly in applications such as acoustic, composite plastic, lighting, skylights, and window glazing. Cheap product options from developing nations, particularly China, limit the market expansion. Although increased competition prohibits new players from entering, makers of inferior masterbatch may be able to overcome these obstacles.

Because it contains stabilizers, coloring agents, and flame retardants, among other chemicals, the masterbatch used in recycled plastics today is harmful to the environment. Because recycled plastics are not biodegradable, they pose a difficulty for enterprises that manufacture plastic products. Also, various restrictions govern the use of plastics. For example, Europe has already prohibited single-use plastics since recycling plastic causes waste and pollution. This will have an impact on how plastics are employed in high-growth applications such as packaging.

US Masterbatch Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 4554.74 million

Largest Segment

Black

Fastest Growth

Black

Growth Rate

6.6% CAGR

Global Masterbatch Market 2021-2030 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
Global Masterbatch Market Size By Type 2021-2030 ($ Bn)
Global Masterbatch Market Size By Type 2021-2030 (%)

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Global Masterbatch Market Segmental Analysis

Global masterbatch market is segmented on the basis of type, carrier polymer, end-user, and region. By type, the market is segmented into white, black, color, additive, and filler. By carrier polymer, market is segmented into Polypropylene (PP), Polyethylene (PE), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Biodegradable Plastics and Other Plastics. By end-user, market is segmented into building and construction, packaging, consumer goods, automotive and transportation, agriculture, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Masterbatch Market Analysis by Type

In terms of revenue, black masterbatch accounted for more than 25.0% of the total in 2021. The increased need for tyres, PVC containers, and other products used in the automotive and transportation, building and construction, agriculture, and packaging industries are driving up demand for black masterbatch. The rising demand for agricultural products such as drip irrigation tubing and tape, greenhouse films, shade cloth, and geomembranes is also expected to drive market expansion over the forecast period.

Color on products is used to differentiate them in the market, which is a key element driving demand for color masterbatches over the forecast period. Also, color masterbatches offer customization options for creating visually appealing products.

Masterbatch Market Analysis by End-User

Packaging masterbatch had the largest revenue share of more than 25.0% in 2021. Retail, industrial, and consumer packaging are all part of the packaging market, which also includes flexible and rigid choices. The growing need for packaging is being driven by an increase in the number of city dwellers who require packaged goods. Consumers require packaging that is convenient, sustainable, flexible, safe, and easily traceable. Because plastic packaging meets all of these requirements, its demand is likely to rise, resulting in increased demand for the product. The packaging sector has enormous growth potential in rising markets such as India and China.

The increase in infrastructure operations in these countries has resulted in increased demand from the building and construction sectors, which may drive up product demand. The implementation of several government programs such as Make in India and Smart City plans is also expected to boost product demand over the forecast period.

Global Masterbatch Market Size By Type 2021 (%), 2021 (%)

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Global Masterbatch Market Regional Insights

In terms of revenue, Asia Pacific accounted for more than 30.0% of the total in 2021. The presence of a number of end-use industries, such as automotive and transportation, packaging, building and construction, and consumer goods, can be attributable to the rising demand. Over the next eight years, the expansion of these industries is expected to boost demand for the product.

Europe was the second-largest regional market in terms of revenue in 2021, and this trend is expected to continue throughout the forecast period. The rapid rise of the packaging, consumer goods, automotive, and transportation industries, together with the expanding building and construction, and agriculture sectors in Asia Pacific, which are among the primary end-use sectors for the product, is expected to boost the market.

Global Masterbatch Market Size By Geography, 2021-2030, 2023-2030
  • Largest
  • Fastest

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Global Masterbatch Market Dynamics

Masterbatch Market Drivers

Widely Used Coloring Technique

  • Over powders, pastes, and fluid additives, a masterbatch is the most extensively utilized and preferred coloring method by producers. Traditional coloring techniques (color pigment addition) have a number of issues, including inadequate quality assurance, inconsistent color uniformity from batch to batch, poor hygiene standards owing to spills, and excessive dust during dispersion. The majority of these issues are addressed by masterbatch, which provides convenience, ease of color impartation, and improves the properties of natural or basic polymers. Color masterbatch has advantages over other processes, such as process stability, excellent dispersion, dependability, handling huge volumes of powders, and lower cleaning costs. These benefits of color masterbatch have led to its broad adoption as the preferred coloring process.

Masterbatch Market Restraints

Longer Lead Time to Hamper Market Growth

  • Due to the pellets' increased inventory space requirements compared to other dry and liquid colors as well as their longer order lead times, masterbatch has a number of disadvantages. A color masterbatch necessitates more heat exposure for the carriers and additives when compared to pure pigment. Additionally, masterbatch pellets' physical attributes are different from dry and liquid colors'. Typically, resins other than those used in the finished product are used to create masterbatch pellets. There is a chance that the processing properties of these resins will change as a result of the use of different resins. End users almost always make use of these various resins without any scientific knowledge.

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Global Masterbatch Market Competitive Landscape

The global masterbatch market is highly competitive and fragmented. To gain a considerable percentage of market shares, key industry players are focusing on product development, new product launches, and geographical expansions. Despite the increased entrance barriers, many businesses continue to enter the field. Companies are realizing they need to make large R&D investments if they want to produce and market newer generations of masterbatch with innovative applications. Masterbatch is generally of superior quality in its later generations. They must also merge with, buy, and make strategic alliances with other profitable enterprises in order to retain their financial viability.

Masterbatch Market Top Player’s Company Profiles

  • Clariant
  • A. Schulman
  • Ampacet Corporation
  • Cabot Corporation
  • PolyOne Corporation
  • Plastika Kritis S.A.
  • Tosaf Group
  • Penn Color Inc.
  • RTP Company
  • Americhem Inc.
  • Astra Polymers Compounding Co. Ltd.
  • Ferro Corporation
  • Polyplast Muller GmbH
  • Sukano AG
  • Colortech Inc.
  • Plastiblends India Ltd.
  • Hubron (International) Ltd.
  • Cromex S/A
  • Polyram Plastic Industries Ltd.
  • Axieo Pty Ltd.

Masterbatch Market Recent Developments

  • In March 2021, Ampacet, a global masterbatch manufacturer, announced the extension of its ScratchShield solutions, which serve to protect plastic products from scratches and abrasion marks generated by production, transportation, and handling operations.
  • In January 2021, Avient Corporation completed an extension of its present color concentrate manufacturing capacity at its Vietnam factory in Binh Duong. The move will increase speed-to-market and service levels for local customers looking for one-of-a-kind color solutions to improve the aesthetics and appeal of high-quality end products.
  •  In November 2020, the Cabot Corporation introduced PLASBLAK XP6801D black masterbatch. It is a novel formulation based on styrene-acrylonitrile (SAN)-a that satisfies the needs of the styrenics industry without the typical trade-off between color and mechanical qualities.
  • In September 2020, Ascend Performance Materials announced that it had completed the acquisition of the Italian firms Poliblend and Esseti Plast.  Ascend will now be able to offer more recycled resins, engineered polymers, and masterbatches as a result of this acquisition, claims the supplier of the Houston-based goods.

Global Masterbatch Key Market Trends

  • Political Aspect- Brexit has an impact on the masterbatch market in Europe and the United Kingdom. However, since the UK's withdrawal, the plastic and packaging business has grown steadily, and the companies' entire income generation structure has transformed. A number of businesses are investing in expanding beyond their typical markets in order to meet new demands.
  • Environmental Aspect- According to Americhem, a growing desire among companies to limit their environmental impact has resulted in various innovative technologies in the masterbatch market, including Americhem's balancing. The company's balanced sustainable solutions include color and additive masterbatches that help reduce the environmental effect. Many solutions are supported by balance, such as lesser environmental effects, reduced consumption of natural resources, and little energy utilized in manufacturing and delivery. Ampacet Corporation has introduced its new Cell-Struct special effects line, which visually reflects today's convergence of technology and organic elements in an engaging dimensional design for rigid packaging.
  • Health Aspects- Rising ethical and health-conscious customer demands are driving new quality standards, prompting the Gabriel-Chemie Group to launch a new line of Halal and Vegan-compliant products. Ferro and Zschimmer & Schwarz are developing water-based inks, eco-friendly digital ceramic inks, and formulas for use with modern digital printing machinery print heads.

Global Masterbatch Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global masterbatch market analysis, the increasing substitution of metal parts with plastic and the usefulness of the service life of plastic materials and plastic goods are projected to boost the market in the approaching years. Also, the rising emphasis in the automotive industry on using plastic to reduce vehicle weight and hence improve fuel efficiency is likely to drive the market during the forecast period. In terms of type, in 2021, black masterbatch accounted for more than 25.0% of total revenue. Demand for black masterbatch is increasing because of the increased demand for tyres, PVC containers, and other items used in the automotive and transportation, building and construction, agriculture, and packaging industries. Color is employed to differentiate items in the market, which is a major factor driving demand for color masterbatches over the projection period. As a result of the end-user, in 2021, packaging masterbatch had the highest revenue share of more than 25.0%. Asia Pacific will account for more than 30.0% of total revenue in 2021.

Report Metric Details
Market size value in 2021 USD 4554.74 million
Market size value in 2030 USD 8067.45 million
Growth Rate 6.6%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Million
Segments covered
  • Type
    • White, black, color, additive, and filler
  • Carrier Polymer
    • Polypropylene (PP), Polyethylene (PE), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Biodegradable Plastics and Other Plastics
  • End-user
    • Building and construction, packaging,  consumer goods, automotive and transportation, agriculture, and others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Clariant
  • A. Schulman
  • Ampacet Corporation
  • Cabot Corporation
  • PolyOne Corporation
  • Plastika Kritis S.A.
  • Tosaf Group
  • Penn Color Inc.
  • RTP Company
  • Americhem Inc.
  • Astra Polymers Compounding Co. Ltd.
  • Ferro Corporation
  • Polyplast Muller GmbH
  • Sukano AG
  • Colortech Inc.
  • Plastiblends India Ltd.
  • Hubron (International) Ltd.
  • Cromex S/A
  • Polyram Plastic Industries Ltd.
  • Axieo Pty Ltd.

Masterbatch Market Recent Developments

  • In March 2021, Ampacet, a global masterbatch manufacturer, announced the extension of its ScratchShield solutions, which serve to protect plastic products from scratches and abrasion marks generated by production, transportation, and handling operations.
  • In January 2021, Avient Corporation completed an extension of its present color concentrate manufacturing capacity at its Vietnam factory in Binh Duong. The move will increase speed-to-market and service levels for local customers looking for one-of-a-kind color solutions to improve the aesthetics and appeal of high-quality end products.
  •  In November 2020, the Cabot Corporation introduced PLASBLAK XP6801D black masterbatch. It is a novel formulation based on styrene-acrylonitrile (SAN)-a that satisfies the needs of the styrenics industry without the typical trade-off between color and mechanical qualities.
  • In September 2020, Ascend Performance Materials announced that it had completed the acquisition of the Italian firms Poliblend and Esseti Plast.  Ascend will now be able to offer more recycled resins, engineered polymers, and masterbatches as a result of this acquisition, claims the supplier of the Houston-based goods.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Masterbatch Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Masterbatch Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Masterbatch Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Masterbatch Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Masterbatch Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Masterbatch Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Masterbatch Market size was valued at USD 4554.74 million in 2021 and is poised to grow from USD 4855.35 million in 2022 to USD 8067.45 million by 2030, growing at a CAGR of 6.6% in the forecast period (2023-2030).

The global masterbatch market is highly competitive and fragmented. To gain a considerable percentage of market shares, key industry players are focusing on product development, new product launches, and geographical expansions. Despite the increased entrance barriers, many businesses continue to enter the field. Companies are realizing they need to make large R&D investments if they want to produce and market newer generations of masterbatch with innovative applications. Masterbatch is generally of superior quality in its later generations. They must also merge with, buy, and make strategic alliances with other profitable enterprises in order to retain their financial viability. 'Clariant', 'A. Schulman', 'Ampacet Corporation', 'Cabot Corporation', 'PolyOne Corporation', 'Plastika Kritis S.A.', 'Tosaf Group', 'Penn Color Inc.', 'RTP Company', 'Americhem Inc.', 'Astra Polymers Compounding Co. Ltd.', 'Ferro Corporation', 'Polyplast Muller GmbH', 'Sukano AG', 'Colortech Inc.', 'Plastiblends India Ltd.', 'Hubron (International) Ltd.', 'Cromex S/A', 'Polyram Plastic Industries Ltd.', 'Axieo Pty Ltd.', 'In March 2021, Ampacet, a global masterbatch manufacturer, announced the extension of its ScratchShield solutions, which serve to protect plastic products from scratches and abrasion marks generated by production, transportation, and handling operations.', 'In January 2021, Avient Corporation completed an extension of its present color concentrate manufacturing capacity at its Vietnam factory in Binh Duong. The move will increase speed-to-market and service levels for local customers looking for one-of-a-kind color solutions to improve the aesthetics and appeal of high-quality end products.', ' In November 2020, the Cabot Corporation introduced PLASBLAK XP6801D black masterbatch. It is a novel formulation based on styrene-acrylonitrile (SAN)-a that satisfies the needs of the styrenics industry without the typical trade-off between color and mechanical qualities.', 'In September 2020, Ascend Performance Materials announced that it had completed the acquisition of the Italian firms Poliblend and Esseti Plast.  Ascend will now be able to offer more recycled resins, engineered polymers, and masterbatches as a result of this acquisition, claims the supplier of the Houston-based goods.'

Over powders, pastes, and fluid additives, a masterbatch is the most extensively utilized and preferred coloring method by producers. Traditional coloring techniques (color pigment addition) have a number of issues, including inadequate quality assurance, inconsistent color uniformity from batch to batch, poor hygiene standards owing to spills, and excessive dust during dispersion. The majority of these issues are addressed by masterbatch, which provides convenience, ease of color impartation, and improves the properties of natural or basic polymers. Color masterbatch has advantages over other processes, such as process stability, excellent dispersion, dependability, handling huge volumes of powders, and lower cleaning costs. These benefits of color masterbatch have led to its broad adoption as the preferred coloring process.

Political Aspect- Brexit has an impact on the masterbatch market in Europe and the United Kingdom. However, since the UK's withdrawal, the plastic and packaging business has grown steadily, and the companies' entire income generation structure has transformed. A number of businesses are investing in expanding beyond their typical markets in order to meet new demands.

In terms of revenue, Asia Pacific accounted for more than 30.0% of the total in 2021. The presence of a number of end-use industries, such as automotive and transportation, packaging, building and construction, and consumer goods, can be attributable to the rising demand. Over the next eight years, the expansion of these industries is expected to boost demand for the product.

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Global Masterbatch Market

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