HOME Top Market Reports Color Masterbatch Market by Type (Standard Color, Tailor-made Color, Specialty Color), Carrier Resin (PE, PP, PS) and End-use Industry (Packaging, Building & Construction, Consumer Goods, Automotive, Agriculture) - Global Trends & Forecasts to 2021

Color Masterbatch Market by Type (Standard Color, Tailor-made Color, Specialty Color), Carrier Resin (PE, PP, PS) and End-use Industry (Packaging, Building & Construction, Consumer Goods, Automotive, Agriculture) - Global Trends & Forecasts to 2021

By: marketsandmarkets.com
Publishing Date: June 2016
Report Code: CH 4400

 

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The market size of color masterbatch was USD 3.46 Billion in 2015 and is projected to reach USD 4.75 Billion by 2021, registering a CAGR of 5.6% between 2016 and 2021. In this report, 2015 is considered as the base year and forecast period is between 2016 and 2021. The objectives of this study are:

  • To analyze and forecast the market size of color masterbatch, in terms of value and volume
  • To define, describe, and segment the global color masterbatch market by type, carrier resin, and end-use industry
  • To forecast the sizes of the market segments based on regions—Asia-Pacific, Europe, North America, the Middle East & Africa, and South America
  • To provide detailed information regarding the important factors (drivers, restraints, and opportunities) influencing the growth of the market
  • To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
  • To identify and analyze opportunities for stakeholders in the market
  • To analyze competitive developments such as expansions, mergers & acquisitions, collaboration, and new product developments in the global market
  • To strategically profile key players and comprehensively analyze their core competencies

Research Methodology:

This research study involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg BusinessWeek, and Factiva) to identify and collect information useful for this technical, market-oriented, and commercial study of the color masterbatch market. The primary sources mainly include several industry experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industry’s supply chain. After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure below illustrates the breakdown of the primary interviews based on company type, designation, and region conducted during the research study:

Color Masterbatch Market

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The value chain of color masterbatch starts with the procurement of raw materials suppliers. The key components of any type of masterbatch are polymers, dispersants, and carrier resins. Raw materials are chemically synthesized to form a typical concentrate, which is then compounded by color masterbatch producers. Compounding is a two-stage process, gathering ingredients and then mixing them together by applying heat and shear stress to produce a homogenized pellet. Compounders improve the properties of thermoplastic polymers by incorporating additives in molten state. The key compounders of color masterbatch include RTP Company (U.S.) and Astra Polymers (Saudi Arabia). A great amount of effort and expertise is required to manufacture raw materials suitable for different end-use industries. The major end-use industries where these color masterbatches are used include packaging, building & construction, consumer goods, automotive, agriculture, automotive, and others.

Target Audiences:

  • Color masterbatch manufacturers
  • Color masterbatch suppliers
  • Government and research organizations
  • Color masterbatch traders, distributors, and suppliers
  • Investment banks and private equity firms
  • Raw material suppliers
  • Service providers
  • End users such as automotive, packaging, consumer good, and other companies

“Study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments.”

Scope of the Report:

This report categorizes the global market of color masterbatch on the basis of type, carrier resin, end-use industry, and region.

  1. Market Segmentation, by Type:

    The color masterbatch market has been segmented on the basis of type:

    • Standard Color
    • Specialty Color
    • Tailor-made color
  2. Market Segmentation, by Carrier Resin:

    The color masterbatch market has been segmented on the basis of carrier resin:

    • Polyethylene
    • Polypropylene
    • Polystyrene
    • Others
  3. Market Segmentation, by End-use Industry:

    The color masterbatch market has been segmented on the basis of end-use industries:

    • Packaging
    • Automotive
    • Consumer Goods
    • Building & Construction
    • Agriculture
    • Others
  4. Market Segmentation, by Region:

    The color masterbatch market has been segmented on the basis of region:

    • Asia-Pacific
    • Europe
    • North America
    • Middle East & Africa
    • South America

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options (not limited to) are available for the report:

Regional Analysis       

  • Further breakdown of a region with respect to a particular country, additional end-use industry, and/or type

Country Information

  • Additional country information (up to 3)

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitation
    1.7 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Significant Opportunities in Color Masterbatch Market (2016–2021)
    4.2 Color Masterbatch Market Growth, By Region (2016–2021)
    4.3 Color Masterbatch Market Share in Asia-Pacific, 2015
    4.4 Color Masterbatch Market Attractiveness
    4.5 Color Masterbatch Market Size, By End-Use Industries, 2015
    4.6 Color Masterbatch Market Size: Developed vs  Developing Nations
    4.7 Lifecycle Analysis, By Region

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Use of Plastics as A Substitute for Conventional Materials
                    5.3.1.2 Most Preferred Coloring Method
                    5.3.1.3 Growth in Asia-Pacific and South America Region
           5.3.2 Restraints
                    5.3.2.1 Cost Competitiveness of Color Matching
                    5.3.2.2 Low-Quality and Cheaper Product Offerings
           5.3.3 Opportunities
                    5.3.3.1 Technological Advancements Leading to Introduction of Universal Carrier Resins
    5.4 Revenue Pocket Matrix

6 Industry Trends (Page No. - 46)
    6.1 Supply Chain Analysis
           6.1.1 Masterbatch Producer
           6.1.2 Compounder
           6.1.3 Polymer Producer
           6.1.4 Integrated Polymer Manufacturer & Converter
           6.1.5 Integrated Polymer Manufacturer & Compounder
           6.1.6 Integrated Masterbatch Producer & Compounder
           6.1.7 Integrated Masterbatch Producer, Compounder, & Converter
    6.2 Porter’s Five Forces Analysis
           6.2.1 Threat of Substitutes
           6.2.2 Bargaining Power of Suppliers
           6.2.3 Bargaining Power of Buyers
           6.2.4 Threat of New Entrants
           6.2.5 Intensity of Competitive Rivalry
    6.3 Economic Indicators
           6.3.1 Industry Outlook
                    6.3.1.1 Packaging
                    6.3.1.2 Automotive
                    6.3.1.3 Construction

7 Color Masterbatch Market, By Type (Page No. - 54)
    7.1 Introduction
           7.1.1 Standard Color Masterbatch
           7.1.2 Specialty Color Masterbatch
                    7.1.2.1 Metallic Masterbatch
                    7.1.2.2 Pearlescent Masterbatch
                    7.1.2.3 Fluorescent Masterbatch
                    7.1.2.4 Phosphorescent Masterbatch
           7.1.3 Tailor-Made Color

8 Color Masterbatch Market, By Carrier Resin (Page No. - 58)
    8.1 Introduction
    8.2 Polyethylene
           8.2.1 Lldpe
           8.2.2 Ldpe
           8.2.3 Hdpe
    8.3 Polypropylene
    8.4 Polystyrene
    8.5 Others

9 Color Masterbatch Market, By End-Use Industry (Page No. - 63)
    9.1 Introduction
    9.2 Packaging
    9.3 Building & Construction
    9.4 Consumer Goods
    9.5 Automotive
    9.6 Agriculture
    9.7 Others

10 Color Masterbatch Market, By Region (Page No. - 68)
     10.1 Introduction
     10.2 Asia-Pacific
             10.2.1 China
             10.2.2 India
             10.2.3 Japan
             10.2.4 South Korea
             10.2.5 Australia & New Zealand
             10.2.6 Taiwan
             10.2.7 Rest of Asia-Pacific
     10.3 Europe
             10.3.1 Germany
             10.3.2 France
             10.3.3 Italy
             10.3.4 Benelux
             10.3.5 Spain
             10.3.6 U.K.
             10.3.7 Rest of Europe
     10.4 North America
             10.4.1 U.S.
             10.4.2 Canada
             10.4.3 Mexico
     10.5 South America
             10.5.1 Brazil
             10.5.2 Argentina
             10.5.3 Rest of South America
     10.6 Middle East & Africa
             10.6.1 Saudi Arabia
             10.6.2 Iran
             10.6.3 Rest of Middle East & Africa

11 Competitive Landscape (Page No. - 110)
     11.1 Overview
     11.2 Competitive Benchmarking
             11.2.1 Product Portfolio Mapping
             11.2.2 Regional Players Mapping
     11.3 Market Share Analysis
     11.4 Competitive Situations and Trends
             11.4.1 Expansions
             11.4.2 Mergers & Acquisitions
             11.4.3 New Product Launches
             11.4.4 Collaborations

12 Company Profiles (Page No. - 119)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     12.1 Clariant AG
     12.2 A. Schulman, Inc.
     12.3 Polyone Corporation
     12.4 Plastika Kritis S.A.
     12.5 Plastiblends India Ltd.
     12.6 Ampacet Corporation
     12.7 O’neil Color & Compounding
     12.8 Penn Color, Inc.
     12.9 RTP Company
     12.10 Tosaf Group
     12.11 Other Market Players

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 142)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports


List of Tables (84 Tables)

Table 1 Color Masterbatch Market, By Type
Table 2 Color Masterbatch Market, By Carrier Resin
Table 3 Color Masterbatch Market, By End-Use Industry
Table 4 Color Masterbatch Market Size, By Type, 2014–2021 (Kiloton)
Table 5 Color Masterbatch Market Size, By Type, 2014–2021 (USD Million)
Table 6 Color Masterbatch and Carrier Resin Mapping
Table 7 Color Masterbatch Market Size, By Carrier Resin, 2014–2021 (Kiloton)
Table 8 Color Masterbatch Market Size, By Carrier Resin, 2014–2021 (USD Million)
Table 9 Color Masterbatch Market: Breakdown of End-Use Industry
Table 10 Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 11 Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 12 Color Masterbatch Market Size, By Region, 2014–2021 (Kiloton)
Table 13 Color Masterbatch Market Size, By Region, 2014–2021 (USD Million)
Table 14 Asia-Pacific: Color Masterbatch Market Size, By Country, 2014–2021 (Kiloton)
Table 15 Asia-Pacific: Color Masterbatch Market Size, By Country, 2014–2021 (USD Million)
Table 16 Asia-Pacific: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 17 Asia-Pacific: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 18 China: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 19 China: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 20 India: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 21 India: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 22 Japan: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 23 Japan: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 24 South Korea: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 25 South Korea: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 26 Australia & New Zealand: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 27 Australia & New Zealand: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 28 Taiwan: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 29 Taiwan: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 30 Rest of Asia-Pacific: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 31 Rest of Asia-Pacific: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 32 Europe: Color Masterbatch Market Size, By Country, 2014–2021 (Kiloton)
Table 33 Europe: Color Masterbatch Market Size, By Country, 2014–2021 (USD Million)
Table 34 Europe: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 35 Europe: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 36 Germany: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 37 Germany: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 38 France: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 39 France: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 40 Italy: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 41 Italy: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 42 Benelux: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 43 Benelux: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 44 Spain: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 45 Spain: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 46 U.K.: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 47 U.K.: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 48 Rest of Europe: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 49 Rest of Europe: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 50 North America: Color Masterbatch Market Size, By Country, 2014–2021 (Kiloton)
Table 51 North America: Color Masterbatch Market Size, By Country, 2014–2021 (USD Million)
Table 52 North America: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 53 North America: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 54 U.S.: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 55 U.S.: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 56 Canada: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 57 Canada: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 58 Mexico: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 59 Mexico: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 60 South America: Color Masterbatch Market Size, By Country, 2014–2021 (Kiloton)
Table 61 South America: Color Masterbatch Market Size, By Country, 2014–2021 (USD Million)
Table 62 South America: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 63 South America: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 64 Brazil: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 65 Brazil: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 66 Argentina: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 67 Argentina: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 68 Rest of South America: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 69 Rest of South America: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 70 Middle East & Africa: Color Masterbatch Market Size, By Country, 2014–2021 (Kiloton)
Table 71 Middle East & Africa: Color Masterbatch Market Size, By Country, 2014–2021 (USD Million)
Table 72 Middle East & Africa: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 73 Middle East & Africa: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 74 Saudi Arabia: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 75 Saudi Arabia: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 76 Iran: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 77 Iran: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 78 Rest of Middle East & Africa: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 79 Rest of Middle East & Africa: Color Masterbatch Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 80 Brand Influence on the Color Masterbatch Market
Table 81 Expansions, 2012–2016
Table 82 Mergers & Acquisitions, 2012–2016
Table 83 New Product Launches, 2012–2016
Table 84 Collaborations, 2012–2016


List of Figures (49 Figures)

Figure 1 Color Masterbatch Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Color Masterbatch Market: Data Triangulation
Figure 5 Standard Color to Dominate Color Masterbatch Market Between 2016 and 2021
Figure 6 PS to Register the Highest CAGR Between 2016 and 2021
Figure 7 Packaging Industry to Dominate the Color Masterbatch Market in 2016
Figure 8 Asia-Pacific to Be the Fastest Growing Market Between 2016 and 2021
Figure 9 Color Masterbatch Market to Witness Moderate Growth Between 2016 and 2021
Figure 10 Asia-Pacific Color Masterbatch Market to Grow at the Highest Rate Between 2016 and 2021
Figure 11 China Accounted for the Largest Color Masterbatch Market Share in Asia-Pacific, 2015
Figure 12 Asia-Pacific to Be the Fastest-Growing Market of Color Masterbatch Between 2016 and 2021
Figure 13 Asia Pacific Accounted for the Largest Share Across All End-User Industries in 2015
Figure 14 China and India to Emerge as Lucrative Markets Between 2016 and 2021
Figure 15 Asia-Pacific Color Masterbatch Market to Register High Growth During Forecast Period
Figure 16 Color Masterbatch Market, By Region
Figure 17 Overview of the Forces Governing the Color Masterbatch Market
Figure 18 GDP Growth Rate: Year-Over-Year Percentage Change
Figure 19 Revenue Pocket Matrix of Color Masterbatch, By Color Type
Figure 20 Supply Chain Analysis for Color Masterbatch
Figure 21 Porter’s Five Forces Analysis
Figure 22 Global Packaging Industry, By Region, 2014
Figure 23 Global Packaging Industry, By End User, 2014
Figure 24 Gross Domestic Product (GDP) vs Commercial Vehicle Production
Figure 25 Construction Industry Growth Rate, 2014
Figure 26 Standard Color Masterbatch Segment to Witness Significant Growth
Figure 27 High-Visual Appearance Shades of Specialty Color Masterbatch
Figure 28 PS Segment to Witness the Highest Growth During the Forecast Period
Figure 29 Packaging Segment to Be the Largest End-Use Industry for Color Masterbatch During the Forecast Period
Figure 30 Regional Snapshot (2016–2021): China and India are Emerging as Strategic Locations
Figure 31 India to Be the Fastest-Growing Color Masterbatch Market Between 2016 and 2021
Figure 32 Asia-Pacific Market Snapshot: Packaging Industry to Dominate the Color Masterbatch Market
Figure 33 Color Masterbatch Market in Europe Snapshot: Germany to Dominate the Market During the Forecast Period
Figure 34 North American Market Snapshot: U.S. to Register High Growth During the Forecast Period
Figure 35 Brazil to Dominate the Color Masterbatch Market in South America Between 2016 and 2021
Figure 36 Saudi Arabia to Register the Highest Growth During the Forecast Period
Figure 37 Companies Adopted Expansions as the Key Growth Strategy
Figure 38 Regional Player Mapping
Figure 39 Clariant AG Holds the Maximum Share of Masterbatch Market Among the Top 5 Companies, 2015
Figure 40 Clariant AG: Company Snapshot
Figure 41 Clariant AG: SWOT Analysis
Figure 42 A. Schulman, Inc.: Company Snapshot
Figure 43 A. Schulman, Inc.: SWOT Analysis
Figure 44 Polyone Corporation: Company Snapshot
Figure 45 Polyone Corporation: SWOT Analysis
Figure 46 Plastika Kritis S.A.: Company Snapshot
Figure 47 Plastika Kritis S.A.: SWOT Analysis
Figure 48 Plastiblends India Ltd.: Company Snapshot
Figure 49 Plastiblends India Ltd.: SWOT Analysis

The market size of color masterbatch is projected to reach USD 4.75 Billion by 2021, registering a CAGR of 5.6% between 2016 and 2021. The rapid growth in the packaging industry in Asia-Pacific is a key driver of the color masterbatch market.

Packaging is the dominating industry in the market. It is widely used for industrial and household purposes. Improved lifestyle and globalization have triggered the demand from the packaging industry, which drives the market of color masterbatch. The automotive and packaging segments are estimated to witness a strong growth during the forecast period. Some of the common applications of color masterbatches are roofing, storage containers, pipes, cables, electronics, toys, kitchenware, safety gear, cosmetic articles, household products, seat belts, door panels, greenhouse films, and silage sheet.

The color masterbatch market is classified on the basis of type, namely, standard color, specialty color, and tailor-made color. Standard colors are used in a wide range of applications due to their mechanical, heat resistance, and weather resistance properties. Some of the applications of standard color masterbatch are packaging sheets & films, plastic bottles & containers, and cables & wire.

The market is classified on the basis of carrier resin, namely, polyethylene (PE), polypropylene (PP), and polystyrene (PS), and others. PE is a major carrier resin used to manufacture color masterbatch. It is used to impart specific resin properties to processed polymers. Polyethylene products are mostly used in various end-use applications, such as packaging bags, general plastic films, medical packaging, mulch films, green house & tunnel films, and pipes.

Currently, Asia-Pacific is the largest market for color masterbatch. The growing packaging industry coupled with the increased demand from the retail industry drives the market of color masterbatch in the region. End-use industries are witnessing a high growth in developing nations such as India, Indonesia, and Brazil due to growing economies. Europe is projected to be the second fastest-growing market between 2016 and 2021. This growth is attributed to the rising packaging and automotive sectors in the region.

Color Masterbatch Market

 Stringent government regulations for the use of environmental polluting products are estimated to hamper the growth of the color masterbatch market. An opportunity for the growth of this market is the use of innovative technology to reduce environmental issues.

Some of the key players of the market are A. Schulman, Inc. (U.S.), Clariant AG (Switzerland), Polyone Corporation (U.S.), Plastiblends India Ltd. (India), and Plastika Kritis S.A. (Greece). These players compete with each other with respect to prices and offer wide range of products to meet the market requirements.

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