Black masterbatches are high concentrations of carbon black, typically 15 - 50% dispersed in thermoplastic resins, which act as a carrier or binder. Masterbatch is a concentrated mixture of pigments and additives confined during a heat process into a carrier resin which is then cooled and cut into a granular shape. Masterbatch is a solid additive for plastic used for colouring plastics or imparting other properties to plastics. Masterbatch allows the processor to colour raw polymer economically during the plastics process.
MARKET DYNAMICS
The growing inclination towards the automotive sector by companies is one reason for the growth of the black masterbatches market globally. The new product development & innovation surging in demand for lightweight materials in this industry, driving the global black masterbatches market. Moreover, increased industrialization in many countries is estimated to boost market sales. A surge in the use of plastics in place of metals across the automotive industry is anticipated to witness lucrative growth of the global black masterbatches market.
MARKET SCOPE
The "Global Black Masterbatches Market Analysis to 2028" is a specialized and in-depth study of chemicals and materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the black masterbatches market with detailed market segmentation by an end-user. The global black masterbatches market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading black masterbatches market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global black masterbatches market is segmented into an end-user. Based on an end-user, the global black masterbatches market is segmented into automotive, building & construction, packaging, electrical & electronics, pharmaceuticals, agriculture, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the black masterbatches industry, including both qualitative and quantitative information. It provides an overview and forecast of the global black masterbatches market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The black masterbatches market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the black masterbatches market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the black masterbatches market in these regions.
MARKET PLAYERS
The report covers vital developments in the black masterbatches market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the black masterbatches market are anticipated to witness lucrative growth opportunities in the future with the rising demand for black masterbatches in the global market. Below mentioned is the list of few companies engaged in the black masterbatches market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the black masterbatches market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- LyondellBasell Industries Holdings B.V.
- AVIENT
- Ampacet Corporation
- Cabot Corporation
- PLASTIKA KRITIS S.A.
- Hubron International
- TOSAF
- Penn Color Inc.
- Plastiblends
- Clariant