Industry/ Innovation /Related News:
March 23, 2018 – KraussMaffei Berstorff (US) a leading global provider of plastic manufacturing technology presented their latest innovation – Berstorff ZE 28 BluePower, a features and liquid- and solids-metering system that allows a single step production of color masterbatches. This Technology enables masterbatches to run without the need for ‘mono-concentrate’ production steps.
March 23, 2018 – Badger Color Concentrates, Inc. (US), a leading global manufacturer of master-batch and liquid color for the plastics industry announced that grow its business efficiently, the company is investing in IQMS’ Manufacturing ERP Software.
March 23, 2018 – Clariant International Ltd. (Switzerland), one of the leading global manufacturers of master-batch and liquid color announced the global price increment for its entire range of masterbatch and compound products by 4-7 percent. The company states that the price increase is consequently a result of the ongoing capacity reductions in the pigment and dye industry and related increases in costs of some materials’ feedstock coupled with the rising prices of polymers, titanium dioxide, carbon black, dyes, additives and pigments, driven by several factors, including supply-demand dynamics.
Worldwide Color Masterbatch Market – Geographical Analysis
Globally, Europe holds largest market share with increase in development of application industry. Europe accounted for largest market share of 35% in 2015, with market value of USD 1,330 million and is projected to grow at CAGR of 5.91% during the forecasted period. Asia-Pacific was second largest market in 2015, valued significantly in 2015 and is projected to grow at CAGR of 6.63%.
While, Europe acquired 35.00% of market share in 2015 that valued USD 1,330.0 million. The region is further projected to grow at 5.91% CAGR of during 2016-2023.
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Worldwide Colour Master Batch Market – Synopsis
The Global Color Masterbatch Market is growing with the rapid pace; mainly due to its burgeoning applications. According to a recent study report published by Market Research Future, The global market of Color Masterbatch is booming and expected to gain prominence over the forecast period. The market is expected to demonstrate a voluminous growth by 2023, registering a striking CAGR during the review period (2016-2023).
The Global Color Masterbatch Market is driven by the increasing application in compounding procedures and increasing use of color masterbatch as substitute for compounds into engineering polymer markets. Also, the augmented demand for color masterbatch is predominant reason for the heightened market growth of Color Masterbatch.
Factors such as – necessity for advanced performance standard from polymer materials with properties such as UV stabilization, flame retardation, optical brightness, enhanced transparency, surface resistivity, prevention of static and yellowing (oxidative or thermal degradation), scratch resistant, etc. are providing impetus to the market growth during the forecasted period.
Additionally, Government’s stringent regulations towards the reduction in greenhouse gases are causing a rise in the demand for light weight vehicles. Vehicle parts made with plastic makes them light on weight and carbon emission increasing overall fuel efficiency. This leads to replacement of metal parts by plastic ones in the vehicles. This indicates opportunities for growth in color masterbatch market.
Basically a mixture of pigments (additives) compressed during heat process into a carrier resin Color masterbatch, is a solid additive which is processed to color raw polymer during plastic manufacturing process. Good dispersion and distribution across plastics are some of the advantages of color masterbatch, not prone to uneven color, which guarantee better physical and mechanical properties to the material it, is applied. While, its disadvantages include, requirement of more production equipment & production space, high coloring & production costs, etc.
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