According to the current analysis of Reports and Data, the global Masterbatch for Automotive Market was valued at USD 12.55 Billion in 2020 and is expected to reach USD 18.78 Billion by the year 2028 at a CAGR of 5.2%. Masterbatch is an additive for plastic used for either coloring plastics or imparting other properties to the plastic. It is a concentrated mixture of pigments or additives encapsulated during the heating process into a carrier resin which is then cooled and cut into granular shaped beads. It allows the processor to color raw polymer economically during the manufacturing process of the plastic. Various types of carrier polymers such as PA (Polyamide), PE (Polyethylene), PET (Polyethylene terephthalate), PP (Polypropylene) and PVC (Polyvinyl Chloride). These help in improving acceptance and dispersion of wide range of plastic additives and functional fillers. Master batches come in various types namely white, black, color and additive. It allows the processor to color raw polymer economically during the manufacturing process of the plastic. The production of Masterbatch takes place, mainly, in six steps: weighing, mixing, twin screw extruding, cutting and cooling, sieving and bagging.
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Top Players in the Global Masterbatch for Automotive Market:
Clariant AG, A. Schulman, Ampacet, Masterbatching Technologies LLP, Coperion, Global Colors Ltd., Penn Colors and Plastiblends India Ltd.
Further key findings of the report suggest that
- It is used to impart color and strengthen the properties of plastic. Masterbatch helps plastics improve a lot of physical properties such as toughness, flexural stiffness, adhesion, printability etc.
- Several consumer goods manufacturers today are opting for attractive packaging to their products in order to attract customers. This has played in favor of the Masterbatch for Automotive Markets.
- Masterbatches are available in solid forms as well as liquid forms.
- In comparison to pure pigments, masterbatches require more storage space and have a longer lead time. This acts as one of the challenging factors.
- Most companies, also, offer filler masterbatches which are further divided into several types as per their functionalities. For instance, UV masterbatches are filled with UV stabilizers and are used in products that are to be exposed in open sunlight. Such products include irrigation pipes, garden furniture, agriculture greenhouse films etc. Antioxidants masterbatch is used to protect polymers from degradation at high temperatures. Optical brightener Masterbatch is used to impart a final white brightness without any blue tone, as opposed to that of white type of masterbatch.
- Stringent environmental regulations and non-biodegradability of plastic act as the restraining factors of the market.
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Market segmentation based on Type:
- Black
- White
- Color
- Additive
- Filler:
- UV Masterbatching
- Optical Brightener Masterbatching
- Anti-oxidants Masterbatching
By Application:
- Packaging
- Building and Construction
- Automotive
- Consumer goods
By Carrier Polymer:
- PA
- PE
- PP
- PET
- PVC
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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