Absolute Market Insights recent analysis of the Black Masterbatches Market finds that the increasing demand from the masterbatch is extremely cost-saving and less time consuming is expected to witness maximum growth in the Black Masterbatches Market during the forecast period. The global Market revenue stood at a value USD 2.4 Bn in the year 2021.
Market Synopsis
Black masterbatches are high concentrations of carbon black, typically 15 – 50% dispersed in thermoplastic resins, which act as a carrier or binder. Masterbatch is a concentrated mixture of pigments and additives confined during a heat process into a carrier resin which is then cooled and cut into a granular shape. Masterbatch is a solid additive for plastic used for colouring plastics or imparting other properties to plastics. Masterbatch allows the processor to colour raw polymer economically during the plastics process.
Black Masterbatches Market on the basis of different parameters, such as forward/backward integration, economies of scale, the share of various distribution channels, various factors affecting consumer behaviour such as brand loyalty, price, and product availability among others, capital investments, regulatory landscape, production rights and patents, promotional strategies, and other customer preferences. This data is likely to help the industry stakeholders and stimulate the decision-making process.
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Key Insights & Findings from the Report:
- According to our primary respondents’ research, the Black Masterbatches Market is predicted to grow at a CAGR of roughly 4.40% during the forecast period.
- The Black Masterbatches Market was estimated to be worth roughly 2.4 Bn in 2021 and is expected to reach USD 3.0 Bn by 2028; based on primary research.
- On the basis of region, is projected to dominate the worldwide Black Masterbatches Market.
Market Dynamics:
Industry Analysis:
The report covers exhaustive analysis on the global Black Masterbatches Market. Industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. It includes an extensive competitive landscape covering key players in the industry and their comparative study on the basis of different parameters such as company overview, product portfolio, market revenue, business, and marketing strategies. Moreover, the report covers a thorough analysis drivers, restraints, and opportunities considering regional growth factors, technological advancements, and availability of substitute, regulatory norms, and such other growth impacting factors.
Drivers:
Plastic is undoubtedly one of the most sought-after materials. It is not only strong but also extremely flexible and durable. The demand for new and attractive products made out of plastic is constantly surging and this is rampantly driving the growth of the Global Black Masterbatches Market.Several polymer producers have now shifted towards use of masterbatch from compounding used in terms of processing the plastics. As compared to compounding, process of masterbatch is extremely cost-saving and less time consuming. Use of other materials not only makes end product heavy, but also increases overall cost. Thanks to Black Masterbatches, huge amount of plastic can be made, with very less time and thus the demand of several industries is met.
Restraint:
The growth of the global black masterbatches market suffered a setback due to the coronavirus pandemic. As the demand for many products like plastic materials, automotive spare parts, pipes and fittings slumped globally, eventually impacting this market.
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COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments worldwide implemented strict lockdown measures and social distancing norms to restrict the swift spread of the pandemic. Manufacturing facilities worldwide were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pervasive might lead to a significant delay in the commercial roll-out of the packaging industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Quarterly Market Revenue Forecast 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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The Report on Black Masterbatches Market Highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historical Data, Estimates, and Forecast
- Company Profiles
- Global and Regional Dynamics
Regional Analysis:
The region of Asia Pacific dominated in terms of market share in 2021 in the global black masterbatches market. Countries like India and China mainly because they are huge market considering their population. Increasing disposable incomes along with rampantly changing standards of living contribute to the growth of this market. Growing automotive industry, packaging sector also drive the growth of this market.
List of Prominent Players in Black Masterbatches Market:
- Ampacet Corporation
- Avient Corporation
- Cabot Corporation
- Carbon Black Sales
- Hubron International
- LyondellBasell Industries Holdings B.V.
- Modern Dispersions, Inc.
- PLASTIKA KRITIS
- RTP Company
- Tosaf
- Welset
- Other Market Participants
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Black Masterbatches Market?
- How will the Black Masterbatches Market change in the upcoming six years?
- Which application and product will take a lion’s share of the Black Masterbatches Market?
- What is the Black Masterbatches Market drivers and restrictions?
- What will be the CAGR and size of the Black Masterbatches Market throughout the forecast period?
This market titled Black Masterbatches Market will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
Market Size Provided for Years: 2016-2028
Base Year: 2021
Historic Years: 2016-2020
Forecast Years: 2022-2028
Segmentation Covered:
- By Base Carrier
- Polyethylene (PE)
- Linear low-density polyethylene (LLDPE),
- High Density Polyethylene (HDPE)
- Polypropylene (PP),
- Ethylene Vinyl Acetate (EVA),
- Polyethylene Terephthalate (PET),
- Others
- Polyethylene (PE)
- By End Use Industry
- Agriculture,
- Automotive,
- Building & Construction,
- Electrical & Electronics,
- Packaging, Consumer Goods,
- Textile & Fibers,
- Others
- By Distribution Channel
- Direct,
- Indirect
Region & Counties Covered
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Report Coverage
- Market growth drivers
- restraints, opportunities
- Porter’s five forces analysis
- PEST analysis
- Value chain analysis
- Regulatory landscape
- Technology landscape
- Patent analysis
- Market attractiveness analysis by segments and Regional
- Company market share analysis
- COVID-19 impact analysis
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