Masterbatches are resin components or base materials in which fibers or other reinforcing materials disperse reinforced plastic. The continuous phase in a composite material is called a masterbatch or base material. Masterbatch comes in solid and liquid form, which protects the polymer from various harmful radiations while imparting color and strengthening the mechanical properties of plastic for its applications. The basic ingredients used in the masterbatch are pigment, carrier, dispersant, and additives. These ingredients process the plastic for different usages such as the production of colorful fibers, clothing, daily plastics, wires and cables, household appliances, agricultural films, automobiles Accessories, health equipment, and other products.
Global masterbatch markets expected to grow at a significant CAGR during the forecast period, 2020- 2027. It is owing to the dispersibility in the products, bright colors, no color differences on the surface of the products, convenient color replacement, low cost, environment-friendly, and low labor intensity expected to surge the demand of the masterbatch in the market.
Moreover, the significant masterbatch compositions are pigment, dispersant, a resin that helps in driving the demand for its applications. The Pigments divided into organic pigments and inorganic pigments segment. The organic pigments are phthalocyanine red, phthalocyanine blue, phthalocyanine green, lightfast red, macromolecular red, macromolecular yellow, permanent yellow, permanent purple, and Azo red pigments which commonly used for dyeing the plastic. The inorganic pigments include cadmium red, cadmium yellow, titanium dioxide, carbon black, iron oxide red, iron oxide yellow used for dyeing.
Furthermore, the carrier is the matrix of the masterbatch. The special color masterbatch generally chooses the same resin as the product resin, and the two have the best compatibility, considering the fluidity of the carrier.
The most commonly used dispersants are polyethylene low molecular wax and stearates. The dispersant promotes uniform dispersion of the pigment and no longer aggregates. The melting point of the dispersant should be lower than that of the resin, as it has excellent compatibility with the resin, and have good affinity with the pigment.
The Masterbatch market has attained substantial growth in the automobile sector as replacement of metals bodies in vehicles with a plastic frame that makes its lightweight and with an increasing need for low carbon emission and fuel-efficient vehicles are driving the demand for the masterbatch market.
Color Masterbatches performs various functions like weather resistance, antistatic function, flame retardant function, and foaming function, etc. A mixture of resin and a large number of pigments (up to 50%) or dyes formulated into a high concentration of color. Therefore, when processing with a small amount of color masterbatch and uncolored resin, the colored resin or product with the designed pigment concentration can be achieved. The advantages of using a color masterbatch in plastic are it causes no environmental pollution, simple coloring, accurate measurement, and easy dispersion. Thus, the demand for color masterbatch estimated to drive the growth of the masterbatch market.
Due to industrialization, sectors such as building and construction, automotive, consumer goods, have created a lot of demand for the masterbatch. Moreover, the government has started investing in the masterbatch due to its new technology and growth in automobiles and packaging sectors where plastic is highly used by making it eco- friendly, low cost, and low labor requirement for its production.
Based on Type, the global masterbatch market classified into color, additive, white, black, and fillers. The additives masterbatch segment expected to dominate the market in the forecast period. As it is widely accepted in different sectors such as pharmaceuticals, consumer goods, foods, and packaging, automotive, etc. to provide household appliances, wires, and cables, colorful clothing, automobiles accessories. Thus, all these customizations help in catering the consumer needs and increase the growth of the market.
Based on the polymer, the global masterbatch market classified into Polypropylene, Low-Density Polyethylene & Linear Low-Density Polyethylene, High-Density Polyethylene, Polyvinyl Chloride, Polyurethane, and Others. The Low-Density Polyethylene segment projected to lead the market in the forecast period from 2020-2027. LDPE used as a carrier of polyolefin and nylon, polystyrene, which widely used in clothing, automobile accessories, wires, and consumer goods. Therefore, LDPE expected to dominate the market for the masterbatch in the forecast period.
Based on Application, the global masterbatch segmented into Packaging, Building & Construction, Automotive, Consumer Goods, Textile, and Agriculture. The automobile sector has currently dominated the market due to government investment in eco-friendly bodies of automobiles to reduce carbon emission and produce a cost-effective vehicle in the future market as well. With increasing industrialization, the demand for food and packaging has also been growing, and consumer masterbatch expected to become the second-highest market in the forecast period.
Based on geography, the global masterbatch market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific region projected to increase the demand for the masterbatch market due to the rising disposable income of the consumer, and rising demand for the plastic in china and Taiwan expected to dominate the market of masterbatch in the forecast period.
Companies such as Clariant AG, Ampacet Corporation, A.Schulman, Inc., Polyone Corporation, Cabot Corporation, Plastika Kritis S.A., Plastiblends India Ltd, Hubron International, Tosaf Group, and Penn Color, Inc. and other prominent players in the global masterbatch market.