Global Color Masterbatch Market Synopsis -
The CAGR for the 5.45% for the color masterbatch industry. The color masterbatch market value is projected to be USD 3.90 billion in 2030. Color masterbatches are additives or pigments compressed during the heat process for creating carrier resins.
The black masterbatch is available in low-cost pigments, which is likely to drive the global color masterbatch market 2021. The Middle East and Africa (MEA) color masterbatch market report prepared by Market Research Future (MRFR) comprehensively analyzes and outlines drivers, challenges, and opportunities for masterbatch manufacturers for the period of 2021 to 2030.
Obtain Brochure For Latest Technology Advancements @ https://www.marketresearchfuture.com/sample_request/882
Attributes such as light stability and conductivity are projected to escalate the market for masterbatch market further. Also, there has been a soaring demand for masterbatch from the plastic industry, which is an essential factor of market growth at a global level. Also, there has been surging demand for lightweight materials in various end-user industries is further fueling the demand.
Further, the benefits of technical properties such as opacity, color consistency, and good dispersion are likely to escalate the market reach. Another important factor in market growth is the growing application of plastics as an alternative to metals in the manufacture of automotive components. In addition, the implementation of strict rules and regulations with respect to emission and the increasing demand from the packaging industry is likely to magnify the market size.
However, the concerns regarding the heavy prices of color masterbatch, such as large equipment, production space, and related expenses, are anticipated to hamper the market growth. However, masterbatch is gaining momentum as a capable coloring method, which will accelerate the market size.
Color Masterbatch Market - Eminent Firms:
Clariant AG (Switzerland), Schulman, Inc. (US), Polyone Corporation (US), Plastiblends India Ltd (India), Ampacet Corporation (India), Penn Color, Inc. (US), RTP Company (US), Tosaf Group (Israel), PolyOne Corporation (US), BASF SE (US), and others.
On the flipside, fluctuating raw material prices are considered to restrict the market growth in the coming years. Strict government mandates restricting the use of sulfuric acid is likely to hinder the market growth. Moreover, ill effects of sulfuric acid on human health like irritation in the eyes and skin and skin sensitiveness are expected to vitiate the market growth in the coming years.
A naturally occurring, non-toxic mineral deposit, barite exhibits various properties which make it ideal for use in oil gas drilling, in the analysis of oxygen sulfur isotopic, as a filler in paint plastics, in automobile finishes for corrosion resistance, and several others ranging across several end-use industries. Increasing commercialization and urbanization, particularly in emerging markets, the automotive sector, among others is growing at a rapid pace and is expected to increase demand for barium amongst industries. Moreover, oil gas activities are growing rapidly due to the high demand for fuel.
The availability of various substitutes such as iron ore, hematite, and celestite are expected to hinder market growth due to their reduced prices and the fact that some of these can be synthetically produced. However, barite is still the most preferred material in oil gas applications which is expected to encourage market growth. Moreover, its applications in the absorption of x-rays and gamma rays make it useful in the medical sector as well as to make special containers to store radioactive materials which are likely to encourage market expansion.
Access Complete Report @ https://www.marketresearchfuture.com/reports/color-masterbatch-market-882
Segment Study of Color Masterbatch Market-
In the reports by MRFR, the global Color Masterbatch Market has been segmented based on the product, application, and region for the forecasted period 2016 to 2022.
Segmentation by product, the market is categorized as M grade cellulose, E grade cellulose, and others. In M grade cellulose, nitrocellulose is highly applied in consumer products such as thickener and emulsifier in lubricants in nutritional supplement capsules and others.
Based on application, the global Color Masterbatch Market is segmented into printing inks, automotive paints, wood coatings, leather finishes, nail varnishes, and others. Out of which, print inking inks is driven by technology advancement and eco-friendly inks and is the largest application industry of Color Masterbatch Market. While automotive paints are the second largest segment in Nitrocellulose, on the other hand, wood coating manufacturing process also highly utilize nitrocellulose, as it has the ability to coat multiple time and it is user-friendly. Due to these factors’ nitrocellulose is expected to witness significant growth in the forecasted period.
Buy Now @ https://www.marketresearchfuture.com/checkout?currency=one_user-USDreport_id=882
Regional Analysis -
On a geographical note, Asia-Pacific region leads the Color Masterbatch Market share in terms of both, volume and value, which is expected to proliferate significantly at a higher CAGR by 2022. In the Asia Pacific, China has been a significant revenue generating country owing to growing end-user industry and an increase in the consumption rate of chemicals by manufacturers. Also, substantial expansion scope in the automotive industry in India, South Korea Taiwan, and leather industries in Vietnam may enhance the market growth. Besides, a surge in personal care and cosmetic products demands from the middle-class population may also stimulate the global Color Masterbatch Market substantially.
Whereas, North America for second market share in this segment. North America led by the U.S. Color Masterbatch Market may also witness gains of market by the end of the forecast period. U.S. market, driven by wood coatings and printing ink applications segment along with increased spending on lifestyle products and growing e-commerce industry may boost regional market growth during the projected period.
Europe is now estimated to witness moderate growth on account of rising demand from the automotive sector. Furthermore, stringent regulations for the storage and usage of this product have led to increased innovation and development in this sector.
Industry Update -
December 2020– Ampacet, a New York-based global masterbatch supplier, introduces the new Whispers Collection. Its special effects are frosted and textural matte finish for PET applications. Whispers provides an iced energy effect without added expense of mold change or secondary processes. Thus, the growing demand for masterbatch with better aesthetics can improve the market growth dynamcis. Moreover, innovations using modern technologies can add to the color masterbatch market growth in the upcoming years.
Read more reports at: https://www.marketresearchfuture.com/categories/chemicals-market-report
Read more details at: https://www.marketresearchfuture.com/infographics
Read more details at: https://www.marketresearchfuture.com/videos
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Wantstats Research and Media Private Limited
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America