Global Color Masterbatches Market to Reach a Valuation of About US$ 13.6 Bn by 2022;
Tailor-Made Color Masterbatches to Show Meteoric Growth
Color masterbatches are combinations of pigments and additives that are used in various
applications, for instance, roofing, storage containers, cables, electronics, cosmetic objects, toys,
belts, silage sheets, pipes etc. They have numerous benefits owing to which several synthetic fiber
and plastic producers use color masterbatches – they come in form of pellets which makes it easier
to apply, store or move as compared to powdered pigments, it is easier to handle and feed the color
concentrates during manufacturing where color masterbatches are used, binding agent used in the
masterbatches can be easily matched to the polymer which is used for enhanced melt processing,
they offer good control on transparency as well as opacity of colored objects and special effects can
be added to enhance color thus distinguishing between different objects. Moreover, for certain
applications, polymer material needs special properties like UV balance, surface resistivity, optical
brightness, enhanced transparency, avoiding yellowing, flame retardation and scratch resistance,
with a view to achieve improved performance, which is provided by color masterbatches. These
factors have favored the expansion of the global color masterbatches market in recent years.
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According to Persistence Market Research, the global color masterbatches market is projected to
grow at 5.1% CAGR during the period of assessment, 2017-2022.
Europe region to show positive growth during the assessment period. it is anticipated to witness
moderate growth during 2017-2022 period and is expected to dominate the global market in terms
of high market share. Asia-Pacific excluding Japan (APEJ) region shows high potential due to
increased adoption of color masterbatches in various industries such as packaging and automotive.
China and India are major contributors to the growth of color masterbatches in the APEJ region,
making it a potential region for the color masterbatches market. Several manufacturers are investing
in this region to develop manufacturing plants due to low cost, high labor availability and increasing
demand for color masterbatches.
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In the application category, the scratch and mar additives segment is anticipated to ascend at a
higher CAGR of 5.8%. The growth of this segment can be attributed to the anti-scratch property
that color masterbatches deliver which is widely used on polymers to perform special functions
especially in interiors of car, consumer goods and electronic devices. Marine segment by end user
category is projected to witness fast pace to register a robust 5.9% CAGR followed by electronics
and electrical segment during the period of forecast. However, color masterbatches are widely used
in packaging segment, which leads the global market.
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Standard color and specialty color masterbatches are anticipated to witness similar growth pace
during the assessment period; but standard color masterbatches have experienced higher revenue
than specialty color masterbatches during 2016 -2017 and is likely to continue this trend in the
coming years. However, tailor-made color masterbatches are projected to experience high market
share by the end of 2022.
The research report has also profiled key players in the global color masterbatches market. These
include players such as Marval Industries Inc., RTP CO, Americhem, Uniform Color Company,
Inc., Cabot Corporation, Ferro-Plast Srl, Standridge Color Corporation, Techmer PM Inc., Ampacet
Corporation, Clariant AG, A. Schulman, Polyone Corporation and BASF SE.
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