Color Masterbatches Market to reach USD 9.8 Billion by 2021, driven mainly by strong demand from packaging and consumer goods industry

Initially, only the standard color masterbatches were available off-the-shelf, eventually the range of stock colors increased as per demand. However, in recent times, the demand for customized colors has increased, as colors have gained large importance in the branding, marketing, and differentiating strategies of end users.
Burgeoning demand for plastics along with declining feedstock prices are together set to drive the Asia-Pacific (APAC) Color Masterbatches Market to $5.1 Billion & Global Market to $9.8 Billion by 2021.

According to the Latest Market Report “Color Masterbatches Market Analysis: By Type (Standard Color, White, Black, Special Effect); By Carrier (Polyethylene, Polypropylene, ABS, PBT, PVC); By End User (Automotive, Electronic Appliances, Medical, Textile, Food & Beverage) – Forecast (2016 – 2021)”, published by IndustryARC, the Color Masterbatches Market estimated to reach USD 9.8 Billion by 2021.

Browse 36 Market Tables, 25 Figures spread through 147 slides and an in-depth TOC on “Color Masterbatches”

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 Color Masterbatches are solid or liquid additives used for imparting different colors to plastics. These color masterbatches are used on a carrier material, which can be based on a wax (universal carrier) or on a specific polymer, identical or compatible with the natural polymer used. Color masterbatches market can be broadly segmented into, standard color masterbatches, white masterbatches, black masterbatches and special effect masterbatches. The global market size is estimated to reach $9.8bn by 2021 at a CAGR of around 11.8% while the market volume is estimated to reach 3.2KT by 2021.

Color Masterbatches have a wide range of applications in injection molding, blow molding, film extrusion, rotational molding and others. There are disparate end user segments, which use color masterbatches in their processing, which include automotive, electronic appliances, medicine packaging, textiles, food and beverage packaging and others. Among all the applications, textile industry has the highest CAGR of 17.1% for the forecast period 2016 to 2021. Food and Beverage industry held the major share in the color masterbatches market for 2015, accounting for almost 41%, which was followed by Electronics appliances with a share of 21%.

The global market size in 2015 was $4.7 billion and is dominated by APAC, which is poised to exhibit the fastest growth due to favorable macroeconomic conditions. China is the largest Color Masterbatches market with a share of 18% currently and has overtaken the U.S as the world’s leading market of color masterbatches. The Color Masterbatches market in the North American region is however anticipated to grow at a CAGR of 9.5% during the forecast period 2016 to 2021.

The number of manufacturers across the world for Color Masterbatches has increased manifold. These manufacturers are actively investing in scaling up their position in the market and are able to attract profitable deals. Some of the major players are:

  • Ampacet Europe
  • Cabot Plastics International
  • Clariant Masterbatches
  • Hubron (International)
  • Kunststof Kemi
  • Plastika Kritis
  • PolyOne

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The overall Color Masterbatches market is characterized by large number of companies but top three companies account for 55% market share due to the wide distribution network and brand reputation. Rapid developments in emerging countries and use of innovative products and materials in coloring plastic have supported the growth of Color Masterbatches additives markets.

The Color Masterbatches market report is a comprehensive study of the market for different types, applications and geography.

The market is analyzed by the following end user areas:

v  Automotive

v  Electronic Appliances

v  Medicine Packaging

v  Textile

v  Food & Beverage Packaging

v  Other

The market has also been analyzed for four geographic regions, which include North America, APAC, Europe and Rest of the World.

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