The size and share of the Color Masterbatch Market accounted for USD 5.86 billion in 2019 and is expected to reach USD 9.75 billion in 2025, or a CAGR of 5.6% between 2020 and 2025.
Color Masterbatch is a concentrated mixture of additives and pigments which is created by compressing it into a carrier resin by a heating process. It is then cooled and cut into granular form. The advantages of the color masterbatch are good dispersion and distribution through plastics, which are not prone to uneven colors that ensures better physical and mechanical properties of the applied material. Another advantage is that the mixing performance of the following requirements of the molding equipment is lower; such as the use of injection molding color tablets and the use of piston injection machines, which can get good quality products.
An innovative development in color masterbatch is the anti-fog masterbatch which helps reduce the harmful effects of water droplets on the packaging film. These anti-fog additives for smooth polyethylene films are well known and widely used. The toy market grows faster based on customer demand, so it is important to understand the needs of toy designers to help them turn their ideas into high quality products. Color Masterbatch is very important in the sales factor with good design and quality of toys. From the precise selection of polymer and dye to finding the right combinations of parts and materials, color plays an important role in all decisions in the masterbatch manufacturing process. The toy industry faces particular challenges from manufacturers of color masterbatches. The product life cycle is extremely short, so suppliers must keep updating the latest color designs, as well as tomorrow's trends.
In February 2019, Viba launched a new black PLA masterbatch. Viba has developed a range of concentrated color additives or combined masterbatches based on a PLA carrier material and designed for different processing technologies.
In December 2019, BASF launched a new bio-based masterbatch for recycled polyethylene under the name “Sicolen” B which complements its “Colors and Effects” portfolio and contributes to the three solutions under development to make plastics more sustainable: compostable biopolymers, bio-based plastics and recycled polymers. The BASF Color Solutions subsidiary will market the new masterbatch with its conventional Sicolen, its “Sicoversal” B, a product certified biodegradable for coloring compostable plastics and “Sicovinyl” for coloring PVC.
In December 2018, masterbatch and custom functional additive manufacturer Americhem Inc developed three new functional additive solutions for the fiber industry. Described by the company as “key innovations”, the new masterbatches target the dyeing and stain resistance of polyethylene terephthalate (PET) and polyamide (PA) fibers.
Drivers in the Color Masterbatch Market
The market for color masterbatches is driven by the increasing use by manufacturers of polymers in their own mixing procedures and by the increasing use of color masterbatches as a substitute for compounds in technical polymer markets. The demand for color masterbatches also appears to be increasing due to the increased use of special effects and colors to distinguish products. Their demand is also fuelled by the need for an advanced performance standard of polymeric materials with properties such as UV stabilization, flame retardancy, optical brightness, improved transparency, surface resistivity, electricity prevention static and yellowing (oxidative or thermal degradation), scratch resistant, etc. The European Union's concern about reducing greenhouse gases is leading to an increase in demand for light vehicles. As the plastic content of vehicles increases, their weight and carbon emissions are reduced, which also increases fuel efficiency. This leads to the replacement of metal parts by plastic parts in vehicles. This indicates growth opportunities in the color masterbatches market. The demand for color masterbatches is also driven by the need to improve the performance of polymeric materials which require properties such as flame retardancy, UV stabilization, optical brightness, surface resistivity, improved transparency, strength scratches and prevention of yellowing (thermal or oxidative degradation).
Restraints in the Color Masterbatch Market
However, strict environmental regulations related to the non-biodegradability of plastics present a challenge for the market, as such regulations affect the rate of adoption of plastics, which in turn has implications for the demand for color masterbatch. Factors such as high cost and limited supply of raw materials are likely to slow the growth of the market.
Since the coronavirus outbreak, the disease has spread to nearly 110 countries around the globe and the WHO has declared it a public health emergency. The worldwide impacts of the coronavirus disease are already beginning to be felt and will notably affect the color masterbatches market in 2020. COVID-19 can influence the global economy in three major ways: directly affecting production and call, creating disruptions in the supply chain and market, and through its financial impact on businesses and financial markets. The coronavirus outburst has had effects in multiple ways, such as flight cancellations; travel bans and quarantine; all restricted internal events; more than fifty countries have declared a state of emergency.
Market Segmentation of the Color Masterbatch Market as per the research report.
Color Masterbatch Market - By Type
On the basis of type, the standard colors segment is expected to register moderate revenue share in the global color masterbatches market, due to its heat resistance, weather resistance and strength mechanical properties. Standard color segment revenue is estimated to have the highest CAGR.
Color Masterbatch Market - By Carrier Resin
On the basis of carrier resin, the polyethylene segment is expected to dominate the global color masterbatches market, owing to the increasing adoption of polyethylene resin in various end-use industries such as packaging bags, medical packaging and plastic films in general, mulch films, films and pipes for tunnels and greenhouses. Polyethylene Resins segment revenue is supposed to post the highest CAGR during the outlook period.
Color Masterbatch Market - By End-user
Packaging has emerged as the main end-use segment, accounting for 46.71% of global revenue share in 2019. The packaging industry includes retail, industrial and consumer packaging, which also includes options flexible and rigid. The increase in the number of city dwellers requiring packaged products leads to increased demand for packaging. Consumers need convenient, durable and flexible packaging that offers protection and is easily traceable. Since plastic packaging meets all these needs, its demand is expected to increase, which is expected to lead to growing demand.
Plastics are widely used in the construction industry for interior and exterior applications such as domes, roofs, floors, storage containers, insulation, windows, pipes, cables, fittings, panels and guardrails. Plastics used in the construction and building industry are PVC, PU, PS, PE, PP, composites and others. They also offer increased aesthetics, durability, performance and cost savings. The energy savings over one year from the use of plastics in the building and construction industry are estimated to be sufficient to meet the average annual energy needs of approximately five million North American homes. With a greater emphasis on cost savings and increased durability, the use of plastics in this application is expected to increase, thus driving the demand for color masterbatches
Color Masterbatch Market - By Region
Middle East & Africa
In North America, the call for color masterbatches in the packaging industry is escalating because of the rising desire for convenience products. Special color masterbatches are used in packaging products and are available in liquid and solid form. There has been a growing need for special colors due to the changes in consumer preferences and lifestyles which is conducive to the growth of the packaged food and personal care products market.
In Europe, the growing demand for light vehicles has had a positive impact on the consumption of color masterbatches in the automotive industry. The need for light vehicles is expected to increase during the forecast period owing to strict government regulations on carbon dioxide emissions and the need for fuel efficient vehicles, which is expected to drive the demand for colored masterbatches in the regional market.
The Asia-Pacific region excluding Japan (APEJ) has also experienced considerable development in the global color masterbatches market. This region is expected to skyrocket at a CAGR of 5.4% between 2020 and 2025, due to the rapid increase in the use of color masterbatches in industries such as automotive and packaging. Plastics are widely used in the automotive industry, reducing vehicle weight, reducing carbon emissions, and improving overall vehicle performance and efficiency. This provides a good opportunity for the growth of the color masterbatches market in this area, as they are widely used to color plastics and improve their properties. In addition, research and development has taken a new turn in the APEJ region, where players are investing heavily in R&D to introduce new cost-effective methods for color masterbatches production and application techniques, also to improve product efficiency, operation, quality and energy efficiency. These factors are positively influencing the color masterbatches market in this region.
Some of the Key Players in the Global Color Masterbatch Market are Clariant AG (Switzerland), A. Schulman, Inc. (US), Polyone Corporation (US), Plastiblends India Ltd (India), Ampacet Corporation (India), Penn Color, Inc. (US), RTP Company (US), Tosaf Group (Israel), PolyOne Corporation (US), and BASF SE (US).
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 standard color
5.1.3 special color
5.1.4 custom color
5.1.5 Y-o-Y Growth Analysis, By Type
5.1.6 Market Attractiveness Analysis, By Type
5.1.7 Market Share Analysis, By Type
5.2 carrier resin
5.2.5 Y-o-Y Growth Analysis, By carrier resin
5.2.6 Market Attractiveness Analysis, By carrier resin
5.2.7 Market Share Analysis, By carrier resin
5.3 End User
5.3.5 Y-o-Y Growth Analysis, By End User
5.3.6 Market Attractiveness Analysis, By End User
5.3.7 Market Share Analysis, By End User
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Type
22.214.171.124 By carrier resin
126.96.36.199 By End User
188.8.131.52 By Indication
6.1.4 Market Attractiveness Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Type
18.104.22.168 By carrier resin
22.214.171.124 By End User
126.96.36.199 By Indication
6.1.5 Market Share Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Type
220.127.116.11 By carrier resin
18.104.22.168 By End User
22.214.171.124 By Indication
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Plastika Kritis SA
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 A. Schulman, Inc
8.3 Clariant AG
8.4 Polyone Corporation
8.5 Plastiblends India Ltd
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of by type, carrier resin, end-use industry and geographyalong with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Global Color Masterbatch Market By Region, From 2018-2023( USD Billion )
Global Color Masterbatch Market By Type, From 2018-2023( USD Billion )
Global standard color Market By Region, From 2018-2023( USD Billion )
Global special color Market By Region, From 2018-2023( USD Billion )
Global custom color Market By Region, From 2018-2023( USD Billion )
Global Color Masterbatch Market By carrier resin, From 2018-2023( USD Billion )
Global polyethylene Market By Region, From 2018-2023( USD Billion )
Global polypropylene Market By Region, From 2018-2023( USD Billion )
Global others Market By Region, From 2018-2023( USD Billion )
Global Color Masterbatch Market By end-use sectors, From 2018-2023( USD Billion )
Global packaging Market By Region, From 2018-2023( USD Billion )
Global automotive Market By Region, From 2018-2023( USD Billion )
Global others Market By Region, From 2018-2023( USD Billion )