Latest industry research report on Color Masterbatch Market. Color Masterbatch is colored concentrates, which is used to impart certain physical or chemical properties to products. It is generally available in pellet form, and also can be found in liquid form. It is basically a mixture of pigments or additives that is encapsulated during a heat process and changed into a carrier resin which is cooled & cut in granular shape.
It allows the producer to color raw polymers economically during plastics manufacturing process. Color masterbatch finds application in wide array of industries such as automotive, packaging, building & construction, consumer goods & appliances, etc.
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The additive masterbatch market has highest growth potential as it adds a number of properties to plastics and reduce the cost. Packaging industry is the major end-user market for color masterbatch across the globe. Asia-Pacific is the fastest growing region followed by Europe, North America, and others.
The global color masterbatch market is expected to register moderate growth in the near future. Some of the major factors that are driving the color masterbatch market are rising demand for black masterbatches in construction industry, consumer preference for sophisticated color formulations, rising demand for plastic products, growing application of color masterbatches in food packaging sector, and increased penetration of plastics in electronics industry. However, factors such as high cost and limited supply of raw material are likely to restrain the market growth.
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There are several advancements in the market of color masterbatches such as in February, 2016 Clariant expanded the production of color and additive masterbatches to find application in engineering resins and high temperature plastics like polyether ether ketone (PEEK). Granula Ltd. has launched a new PLA color masterbatches especially developed for the production of coffee capsules and 3Dprinting filament.
The report segments the color masterbatch market on the basis of type, carrier resin, end use industry, and geography.
By Carrier Resin
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