Growth of Masterbatch Market Attributed to Thriving Packaging Industry

Global Masterbatch Market: Demand Analysis According to a recent market research report from IndustryARC, the global masterbatch market size was approximately $10,850 million as of 2018, and the demand is projected towards an increment at a hefty CAGR of 10.23% over the forecast period 2019-2025. The analyst of the report highlights the increasing application of plastics in various end-use industries including food and beverages packaging, automotive, building and construction, and consumer goods as the key factors driving the global masterbatch market growth. Masterbatch is a solid or liquid mixture of additives used as a raw material in the plastic manufacturing process. The IndustryARC analyst has pinpointed APAC as the key region, which generated 48% of the global masterbatch market demand as of 2018. This growth in the region is driven by increasing demand for packaged food & beverages as well as a number of other plastic manufacturing services. Additionally, rising usage of plastics and polymers for manufacturing lightweight vehicles in the automotive industry is boosting demand for masterbatch. The IndustryARC report is titled “Masterbatch market:  by type (standard color, white, additive, black, special effect, filler), by process (extrusion, molding), by carrier resins (polyethylene (PE), polyethylene terephthalate (PET), polystyrene (PS), acrylonitrile butadiene styrene (ABS), ethylene-vinyl acetate (EVA), polypropylene (PP), polybutylene terephthalate (PBT), polyvinylchloride (PVC), others), by end-user industry (automotive, electrical & electronics, building & construction, fast-moving consumer goods (FMCG), textiles, health care, pharmaceutical, food & beverage, others), by application (flame retardant, antifouling agent, antistatic agent, lubricant, anti-fog agent, extrusion aids, ultraviolet resistance, corrosion inhibitor, phosphorescence, anti-microbial, anti-oxidant, others) by geography (North America, Europe, Asia Pacific, South America, Middle East & Africa) - forecast(2019-2025).” Masterbatch Market: Key Applications The IndustryARC research analyst has identified that the key application of masterbatch is in the food and beverages packaging industry, wherein the demand will be increasing at an above-average CAGR of around 10.8% during the aforementioned forecast period. With enhanced colorful and innovative solutions, industry players make an impression on the end users as the product sits with them or appeals to them during shelf-life. The e-commerce sector has expanded leaps and bounds in the recent past and has emerged as a rich source for the sales of food & beverages, with great emphasis on packaging. This includes the online sale of fresh and packaged foods, delicacies, and beverages. Increasing usage of plastic as an alternative to metals in the automotive industry is accelerating the plastic demand and thereby stroking the masterbatch market growth. Usage of plastic makes vehicles lighter and consequently, more fuel efficient. Government investment plans and stable policy framework for automobile manufacturers in the Asia Pacific is significantly impacting the demand for masterbatch. Masterbatch Market: Key Drivers and Trends

• The increasing usage of polymer-based additives for packaging food and beverages. These additives consist of an oxidizable resin, ethylene methyl acrylate, cyclohexene methyl acrylate, and a masterbatch containing a photoinitiator and a cobalt salt catalyst. Masterbatch contains additive concentrates that deliver desirable qualities such as UV stability, antioxidants, optical brightening, and scratch and surface resistance.
• Increasing ethical and health-conscious demands of consumers is driving new quality standards and is inspiring innovation. For instance, Gabriel-Chemie Group has introduced a new range of products to answer the demand for Halal and Vegan-compliant products. Moreover, VIBA SPA, an Italian masterbatch producer, has recently developed a product named HDPE UV MASTER 04773, which is used for the extrusion of high-density polyethylene (HDPE) monofilament in agricultural netting.
• Preparation of antimicrobial fabric using magnesium based antimicrobial polyethylene terephthalate (PET) masterbatch is creating new revenue avenues for the players operating in the masterbatch market.

Masterbatch Market: Competitive Landscape Some of the major players operating in the masterbatch market are A. Schulman, Ampacet Corporation, Clariant International Ltd., PolyOne Corporation, GABRIEL-CHEMIE GROUP, Ferro Corporation, and Americhem, Inc.

• Schulman:

1928. Schulman is one of the leading international suppliers of high-performance plastic compounds, composites, and resins since 1928. Its masterbatches are a cost-effective and convenient way to deliver high performance, customized solutions in the manufacturing environment. In June 2018, Schulman stockholders approved the merger agreement with LyondellBasell Industries, which incremented the company’s foothold in the marketbatch market, producing additive concentrates that improve the appearance and performance of resins to meet the customer’s exact specifications.

• PolyOne Corporation:

PolyOne Corporation, a premier global provider of specialized polymer materials, services, and solutions, recently acquired IQAP Masterbatch Group S.L., a privately owned and innovative provider of specialty colorants in Spain with customers throughout Europe. Its Smartbatch color and additive concentrates the products and can have both the color and the performance enhancement which customer’s need in a single masterbatch. PolyOne has also recently introduced a polymer additive product, ColorMatrixAmosorb SolO2. This product is effective for sectors that require lightweight empty bottle storage and containers.

• Ampacet Corporation:

International masterbatch and additive manufacturer, Ampacet has launched process aid masterbatch Proflow 400 (1000400-E), which is designed to ease the processing of blown films that are intended for outdoor use and therefore incorporate UV light stabilizers. Ampacet chose NPE for their global expansions and acquisitions, including a new plant in China. Their expansions are mainly focused in regions such as Canada and Thailand and acquisitions in Italy, England, and Brazil. It has released its new Cell-Struct line of special effects that visually interprets today’s intersection of technology and organic elements in an engaging dimensional look for rigid packaging.

• Americhem, Inc.:

Americhem is a global manufacturer of custom color additives in the masterbatch market. Recently, they introduced FDA & NSF certified custom color masterbatch compounds and additive masterbatch solutions for PET feeding system. The company announces that it has acquired Prescient Color Limited, a wholly owned subsidiary of Sudarshan Chemical Industries Limited, an Indian based company on 1^st June 2018. Its SPERSE MINIBEAD masterbatches provide enhanced distribution, lower letdown rates, and decreased energy consumption with a variety of resins. Conclusion Masterbatch is a solid or liquid mixture of additives used as a raw material in the plastic manufacturing process. The e-Commerce sector is the rich source for the sales of food & beverages packaging in APAC region supporting the masterbatch market growth Preparation of antimicrobial fabric using magnesium based antimicrobial polyethylene terephthalate masterbatch is creating new revenue avenues for the players operating in the masterbatch market. Talk to one of our sales representative about the full report by providing your details in the link below: https://industryarc.com/support.php?id=15516 Related Reports: Industrial 3D Printing Market https://industryarc.com/Report/15418/industrial-3d-printing-market.html Color Masterbatches Market https://industryarc.com/Report/11740/color-masterbatches-market.html