Market overview:
The global masterbatch market was at US$10.17 billion in 2020 and is expected to reach US$14.3 billion in 2025, with an average annual increase of 5.1% between 2020 and 2025.

Masterbatch is a liquid or solid additive that is used to improve or colour the existing properties of various products. The masterbatch is a concentrated mixture of pigments or additives that are cooled with granular resin after the heating process.

Recent developments:
On January 23, 2019, BASF SE opened its first stage of a new antioxidant manufacturing plant in Shanghai, which will produce antioxidants and related forms and mixtures for the plastic additive market.

On January 18, 2019, the European Union granted conditional customs clearance for BASF SA to acquire the Solvay polyamide business.

Market Drivers and Restraints:
The global masterbatch market is expected to witness remarkable growth in the coming year due to the increased use in the construction industry and the thriving packaging industry worldwide. With the growing interest in the use of plastics in the automotive industry to reduce vehicle weight and improve fuel efficiency, there is an increasing demand for several types of plastics that use this product to impart functional characteristics.

Emerging economies in the Asia-Pacific region, including China, India and Japan, have seen an increase in car production activity, which is expected to further strengthen plastic parts in the area during the forecast period. Also, the growing demand for master lots in the packaging industry is likely to boost this local market. Furthermore, the increasing application of masterbatch in the textile industry will accelerate the growth of this regional market in the coming years. However, strict environmental regulations on the non-biodegradability of plastics can hamper the growth of the global market.

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Report is segmented as:
The master batch market is broken down by type, type of polymer and end user. The type segment includes colour, additives, white, black and fill masterbatch. By type of polymer, the master batch market includes polyethylene, polypropylene, polyurethane, polyvinyl chloride, polystyrene, polyethylene terephthalate and the like. The end-user segment includes construction, automotive, packaging, consumer goods, textiles, agriculture and more. In 2018, the packaging industry dominated the global masterbatch market in terms of revenue and volume.

Geographical Segmentation:
In 2018, the Asia-Pacific masterbatch market dominated the world and is expected to maintain its dominion in the future. In the emerging economies of India, China, Japan and Indonesia, regional domination may increase as the demand for master lots in the construction industry increases rapidly. The Middle East and Africa region is expected to witness modest growth over the expected period.

Key market players:
Some important players in the global masterbatch market are PolyOne Corporation, Ampacet, Clariant International, Polyplast Muller, Ferro Corporation, Dow Corning Corporation, Gabriel-Chemie, Plastika Kritis, A. Schulman, RTP Company and Americhem.

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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