Masterbatch Market by 2023

Magazine for Textiles, Clothing, Leather and Technology According to a new market research report “Masterbatch Market by Type (Color, Additive, White, Black, Filler), Polymer (PP, LDPE & LLDPE, HDPE, PVC, PET, PUR, PS), Application (Packaging, Building & Construction, Automotive, Consumer Goods, Textile, Agriculture) – Global Forecast to 2023”, The masterbatch market size is projected to reach USD 14.0 billion by 2023, at a CAGR of 5.0%, from an estimated USD 11.0 billion in 2018.

The global masterbatch market is mainly driven by the increasing demand for plastics in varied applications, the replacement of metal, concrete, and steel goods with lightweight plastics, and the preferred coloring plastics in most of the industrial sectors, such as automotive, consumer goods, and building & construction.

•    123 market data Tables
•    44 Figures
•    153 Pages and in-depth TOC on “Masterbatch Market – Global Forecast to 2023”

Some of the prominent key players are:
Clariant AG (Switzerland)
Ampacet Corporation (US)
A.Schulman, Inc. (US)
Polyone Corporation (US)
Cabot Corporation (US)
Plastika Kritis S.A. (Greece)
Plastiblends India Ltd (India)
Hubron International (UK)
Tosaf Group (Israel)
Penn Color, Inc. (US)
Clariant AG (Switzerland) is the largest player in the masterbatch market. The company mainly focuses on expansion and new product launch to strengthen its product portfolio. It offers masterbatches which are used in various applications such as packaging, consumer goods, automotive, agriculture, and textile. It has a strong geographical presence as it operates in five regions, APAC, Europe, North America, South America, and the Middle East & Africa with more than 50 production plants. The company has adopted an expansion strategy for the growth of its business. For instance, in February 2019, the company expanded its masterbatch production facility in Maine, Sweden, and Singapore. This expansion will help the company to meet the increasing demand from customers.