Global Color Masterbatch
Market Report
2024
Color Masterbatch market was valued at USD 4.65 billion in 2022 and will reach USD 7.69 billion by 2030, registering a CAGR of 6.5 % for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The global Color Masterbatch market was valued at USD 4.65 billion in 2022 and will reach USD 7.69 billion by 2030, registering a CAGR of 6.5 % for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Color Masterbatch Market Sales Revenue 2022 | $ 4.65 Billion |
Global Color Masterbatch Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.5% |
Market Split by Type |
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Market Split by Application |
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Market Split by Carrier Resin |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Color Masterbatch Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Color Masterbatch is a solid or liquid additive used for coloring plastic products. Color masterbatch is a new type of polymer colorant, also known as pigment preparation.
Pigment or dye, carrier, dispersant, and additives are four basic elements required for the preparation of color masterbatch. Color masterbatches can modify color, add value, give texture and effect, and define form and function to plastic materials. Drastic growth in the use of polymer in various end-use industries like construction, automotive, food and beverages, and consumer goods will drive the Color Masterbatch market in the future. Strict government rules and regulations on the use of plastics are likely to hinder the growth of Color Masterbatch during the forecast period.
Market Dynamics of the Color Masterbatch Market
Growing demand for plastic in the automobile industry:
According to the Indian Brand Equity Foundation, India’s annual production of automobiles in FY22 was 22.93 million vehicles. Today, the plastics used in vehicles are 14%. The use of plastics is increasing in the manufacturing of the vehicle as plastics are lightweight. The lightweight vehicles have high fuel efficiency and reduce weight and carbon emissions. Hence the replacement of metal parts with plastic parts for vehicles increases the demand for plastic in the automobile industry which drives the Color Masterbatch market.
Rapid growth in the packaging industry:
The growing demand for plastic by the FMCG industry is increasing the demand in the Color Masterbatch market. The colorful and attractive packaging of the products attracts consumers. Also, about 51% of the global population lives in urban cities. The changing lifestyle, hectic work, and urbanization are changing the consumer's eating habits. As a result, the need for packaged food is increasing. Even the growth of the e-commerce industry will increase the demand for the packaging industry. Hence use of more plastic in the packaging industry will boost the Color Masterbatch Market.
Restraining Factor:
Stringent government rules to restrict plastic usage:
Plastics are bio-degradable which decreases soil fertility. The consumption of improperly disposed plastic bags causes ill effects and even death of animals as well as marine species. The waste from the plastic manufacturing industry is thrown into the water resources which causes water pollution. To reduce plastic pollution, The Plastic Waste Management (Amendment) Rules, 2022, came into effect on July 1, 2022. The rule banned the nationwide manufacture, import, stocking, distribution, and sale of plastic and also bans the use of specific single-use plastic items that have low utility and high littering potential. Hence stringent rules of government to restrict plastic usage will hamper the Color Masterbatch market.
Impact of the COVID-19 Pandemic on the Color Masterbatch Market:
The outbreak of COVID-19 has witnessed a negative impact on the Color Masterbatch market growth. During the pandemic, the lockdown was implemented across several nations which disrupted the manufacturing and supply chain of the end-use industries. The decline in the production of packaged food due to a shortage of raw material, labor, etc. ultimately resulted in the decreased need for Color Masterbatch required for packaging. During the pandemic, the automobile industry has also decreased drastically. Such factors have restrained the growth of the Color Masterbatch market.
Post-pandemic all the activities resumed and witnessed a positive impact. Due COVID-19 pandemic, consumers are now more health conscious, and demand for packaged food is increasing gradually which raises the supply of Color Masterbatch in the packaging industry. Rising demand for plastic in the automobile industry for increasing lightweight vehicles is projected to boost the demand for the Color Masterbatch market in the coming years.
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Competitive Analysis of the Color Masterbatch Market
The key market players included in the report are Schulman Inc., Plastika Kritis S.A., Plastiblends, Tosaf Compounds Ltd., PolyOne Corporation, Clariant AG, RTP Company, Ampacet Corporation, BASF SE, Penn Color, Inc., Avient Corporation, and LyondellBasell.
Recent Developments:
? June 2023
X-Rite announces new color measurement and visualization capabilities for molded plastics
A color science and technology company X-Rite has announced new capabilities of the MA-T12 multi-angle handheld spectrophotometer and the PANTORA desktop software that enables automotive, electronics, and durable goods customers to measure and visualize a broader range of materials, including plastics, leather, fabrics, and structured coatings.
? September 2022
Ampacet introduces new white masterbatch for medical applications
Ampacet, a global masterbatch leader, launched a new white masterbatch ProVital+1101209-EM. The Provital+110209-EM is designed for the opacification and coloration of primary and secondary packaging, medical devices, and in-vitro diagnostic equipment. ProVital+ 1101209-EM complies with the highest quality and performance requirements to enable the healthcare industry to meet stringent medical regulations. It has been formulated with selected raw materials pretested for biocompatibility, according to ISO 10993 and European Pharmacopoeia?(Ph. Eur.) monograph 3.1.
Top Companies Market Share in Color Masterbatch Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Asia-Pacific region for Color Masterbatch is the largest and expected to dominate during the forecast period:
The rapid urbanization and industrialization in the developing nations of the Asia-Pacific region will drive the Color Masterbatch market during the forecast period. China is the largest producer of plastics with almost 30% of overall world plastic production. Also, the Asia-Pacific region consists of the largest food packaging companies. Hence Asia-Pacific region is the largest producer as well as consumer of plastic which is used in the automobile, packaging, cosmetics, healthcare, and construction industry. According to the OICA, China is the world’s largest producer of vehicles with total production of 26 million vehicles in 2021. The booming automobile industry in China by manufacturing lightweight vehicles with improving efficiency will boost the Color Masterbatch market. All such components make the Asia-Pacific region dominate the Color Masterbatch market during the forecast period.
The current report Scope analyzes Color Masterbatch Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Color Masterbatch Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Color Masterbatch Industry growth. Color Masterbatch market has been segmented with the help of its Type, Application Carrier Resin, and others. Color Masterbatch market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
By Type
The Standard Color Masterbatch segment is projected to grow at the highest CAGR during the forecast period:Based on type, the Color Masterbatch market is divided into Standard Color, Specialty Color, and Tailor-made Color. Standard color masterbatch is resistant to UV heat as well as weather. The standard color masterbatch also has strong mechanical properties. The standard color is used in various end-use industries for the manufacturing of plastic products. Hence as standard color masterbatch has a wide range of applications, it is projected to dominate the market during the forecas
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By Application
The Automotive segment is projected to grow at the highest CAGR during the forecast period:
By application, the market is divided into Automotive, Agriculture, Building and Construction, Consumer Goods, Electrical and Electronics, Packaging, and Others. Rising middle-class income and a large youth population will result in strong demand for automobiles in upcoming years. According to the IBEF, the total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles was 1,557,238. This shows the growth of the automobile industry which will result in the use of more plastics for the lightweight vehicle. Lightweight vehicles have high fuel efficiency with reduced weight and carbon emissions. Hence increasing demand for plastic in the automotive segment will boost the Color Masterbatch market during the forecast period.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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By Carrier Resin
The Polyethylene type of polymer is projected to grow at the highest CAGR during the forecast period:
Based on carrier resin, the market is divided into Polyethylene, Polypropylene, and Polystyrene. Polyethylene is used in mulch films, PVC pipes, greenhouse, and tunnel films. Hence increasing the use of polyethylene in the agriculture industry will drive the segment in the upcoming years. According to the Essential Chemical Industry, every year 80 million tonnes of polyethylene is manufactured. The use of polyethylene used in the products of various end-use industries like packaging, pharmaceutical, automotive, and others will drive the segment during the forecast period.
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Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Color Masterbatch Market is witnessing significant growth in the near future.
In 2023, the Standard Color segment accounted for noticeable share of global Color Masterbatch Market and is projected to experience significant growth in the near future.
The Packaging segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Clariant AG, Polyone Corporation and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Standard Color, Tailor made Color, Specialty Color |
Application | Packaging, Building Construction, Consumer Goods, Automotive, Agriculture |
Carrier Resin | Polyethylene, Polypropylene, Polystyrene, |
List of Competitors | Clariant AG, A. Schulman Inc., Polyone Corporation, Plastika Kritis S.A., Plastiblends India Ltd., Ampacet Corporation, Oneil Color Compounding, Penn Color Inc., RTP Company, Tosaf Group |
This chapter will help you gain GLOBAL Market Analysis of Color Masterbatch. Further deep in this chapter, you will be able to review Global Color Masterbatch Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Carrier Resin Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Color Masterbatch market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Standard Color have a significant impact on Color Masterbatch market? |
What are the key factors affecting the Standard Color and Tailor made Color of Color Masterbatch Market? |
What is the CAGR/Growth Rate of Packaging during the forecast period? |
By type, which segment accounted for largest share of the global Color Masterbatch Market? |
Which region is expected to dominate the global Color Masterbatch Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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