Masterbatch Market To Reach USD 17.35 Billion By 2026
According to the current analysis of Reports and Data, the global Masterbatch market was valued at USD 11 billion in 2018 and is expected to reach USD 17.35 billion by the year 2026 at a CAGR of 5.2%. Masterbatch is an additive for plastic used for either coloring plastics or imparting other properties to the plastic. It is a concentrated mixture of pigments or additives encapsulated during the heating process into a carrier resin which is then cooled and cut into granular shaped beads.
It allows the processor to color raw polymer economically during the manufacturing process of the plastic. Various types of carrier polymers such as PA (Polyamide), PE (Polyethylene), PET (Polyethylene terephthalate), PP (Polypropylene) and PVC (Polyvinyl Chloride). These help in improving acceptance and dispersion of wide range of plastic additives and functional fillers. Master batches come in various types namely white, black, color and additive. It allows the processor to color raw polymer economically during the manufacturing process of the plastic. The production of Masterbatch takes place, mainly, in six steps: weighing, mixing, twin screw extruding, cutting and cooling, sieving and bagging.plastic color masterbatch
Masterbatches are already premixed compositions and thus, their use alleviates the issues with the additive or colorant clumping or insufficient dispersion. Masterbatches have had an increase in demand due to the replacement of metal by plastic in majority of the industries. This, has been the key driving factor for the market. However, in comparison to pure pigments, masterbatches require more storage space and their lead time is also longer. Another restraining factor of this market is the existence of stringent environmental regulations due to the non-biodegradability of plastic.
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