Color masterbatches is made up of rubber, plastic, and elastomer in which pigments are dispersed optimally, this solids are cut into small pieces, which is further processed and used to make value added products in various industries which includes packaging, building & construction, consumer goods, automotive, textile and agriculture among others.
Packaging as an end-use industry accounts for the largest market for color masterbatch. Increasing consumption of plastics across the globe in an array of industries is expected to boost the market for color masterbatch. Especially, the packaging sector which is the largest consumer of plastics. Evolution of different packaging techniques in the sector is propelling the market for color masterbatches.
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Rapid urbanization and changing lifestyle of consumers in the emerging markets can be further attributed to the growth of color masterbatch market. Consumers are more inclined towards packaged food items. Also, an emerging textile industry in the Southeast Asian counties, especially, Vietnam’s textile sectored which is growing at a rate of nearly 9% will offer ample opportunities for color masterbatch.
Plastics are gaining traction in the building & construction sector replacing traditional materials. The economic downturn in 2008-09 in the U.S which had an adverse effect on the housing industry in the country witnessed sharp decline in the ceramic tile industry. However, the recent stats showing a positive outlook for housing market in the U.S for 2017-18 with low mortgage rates in the country beefing up new construction activities. A similar trend has been noted in the European market. Whereas, the ongoing and upcoming construction activities in the region is stimulating the demand for color masterbatch. For instance, amidst the decline in oil prices in the GCC the construction activities in the region still remains as a strong indicator for economic growth in the region. The construction activities is expected to stimulate in the coming years with an overall capital spending in GCC estimated at USD 480 billion of which 65% will be towards infrastructure development. Accounting for the latter mentioned factors it is healthy to assume a pool of market opportunities for color masterbatch in the Middle East region.
Furthermore, regional demographics and macroeconomic indicators such as rise in disposable income, decline in unemployment rates, and an increasing middle class population in the emerging economies is expected to increase the spending power of the population the region. Thus, the above mentioned factors are some compelling factors for the market growth.
Increasing scrutiny towards the vehicular emission across the globe has resulted in extreme pressure on OEMs to alter their vehicle design without jeopardizing the performance of the vehicle. Hence, more and more lightweight materials are being adopted in automotive sector. For instance, 10% of the average weight of a medium size passenger vehicle is of the plastic materials. Also, new regional norms like Corporate Average Fuel Efficiency (CAFE) and EU to cut down the emission from vehicles are propelling the market for plastics in automotive. Hence, driving the market for color masterbatch.
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A Schulman Europe, Tosaf Compounds, Polyplast Müller, Polyone Corporation, Hubron, Clariant Masterbatches, Ampacet, and Cabot Plastics International among others. are some of the prominent players at the forefront of competition in the Global Color Masterbatch Market and are profiled in MRFR Analysis.
Color Masterbatch Market – Competitive Analysis
Color masterbatch market is a fragmented market with Tier `1 manufacturers and domestic players. The major trends noted among the manufacturers are expansion, joint-ventures, and acquisitions to capture the market share and increase their market presence in line with the increasing demand for masterbatch. For instance, Ampacet has announced its new production plant for masterbatches in Australia for catering the ever-growing demand for masterbatches from the food, shipping, industrial and retail industries.
In similar lines, A Schulman Inc, opened a new color master batch facility in Hangzhou High Tech Industrial Park CEDZ, Jiangsu, China in 2016. This expansion in China and other growing markets throughout the Asia Pacific will produce A. Schulman's premium color additives for packaging, automotive, agricultural, sports, and leisure & home customers.
Industry/ Innovation/ Related News:
November, 2017- Ampacet, a global leader in the masterbatch market has launched its new production line for production of white masterbatch in Dudelange, Luxemborg. The main aim of the company with this newly opened production line is to maximise the overall customer experience by optimizing the lead time enhancing the delivery flexibility.
July, 2017- In 2017, Ampacet has announced its new production plant for masterbatches in Australia for catering the ever-growing demand for masterbatches from the food, shipping, industrial and retail industries. The newly opened plant will enable the company to further strengthen its presence in the Oceania region.
March, 2017- In 2017, Ampacet invested in new production lines across its various manufacturing facilities in Europe in line with increasing the production capacity of color additives, black and white masterbatches at its Messacny facility in Belgium. Second capacity increase was at its Dudelange facility in Luxemborg.
July, 2016- In 2016, A Schulman Inc, enters a partnership with Snetor Chimie headquarters in Courbevoie (France )- this partnership will allow the expansion of its master batch footprint on the African continent
April, 2016- In 2016, A Schulman Inc, opens a new color master batch facility hangshu High Tech Industrial Park CEDZ, Jiangsu, China. This expansion in China and other growing markets throughout the Asia Pacific will produce A. Schulman's premium color additives for packaging, automotive, agricultural, sports, and leisure & home customers