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Color masterbatch is a mixture of pigments or additives which are compressed during heat process into a carrier resin. Then the mixture is cooled and cut into granular shape. Masterbatch is solid additive which is processed to color raw polymer during plastic manufacturing process. Standard color masterbatch was the second largest market in 2015, valued at USD XX million in 2015, it is projected to grow at a CAGR of 5.91%.masterbatch manufacturing process
Color Masterbatch Market has been segmented on the basis of types and application. Based on types, the color masterbatch market has been segmented into white masterbatch, standard color masterbatch, black masterbatch, additive masterbatch and others. The standard color masterbatch commands for the major share in the global color masterbatch market owing to its extensive utilization in processing polymers. Based on application, the color masterbatch market has been segmented into packaging, automotive, consumer goods and retail, textile and others. The packaging segment is leading the global color masterbatch market owing to the rapid expansion of packaging industry. Increased utilization of plastic products in consumer goods are leading to the significant expansion of the consumer goods and retail segment in the global color masterbatch market.
Geographically, the global color masterbatch market has been segmented into five major regions such as North America, South America, Asia Pacific, Europe, and the Middle East and Africa. The Europe region commands for the major share in the global color masterbatch market and is forecasted to expand at a CAGR of 5.60% during the forecast period. The color masterbatch market is majorly driven by factors such as increased research and development activities for optimizing the masterbatch manufacturing process, rapid expansion of end-use industries and high demand for good quality color masterbatches from various end-use industries in this region. The Asia Pacific region commands for the second largest share in the global color masterbatch market and is anticipated to expand significantly at a CAGR of 6.63% during the assessment period. Rise in demand for color masterbatch due to rapid expansion of packaging industry is fueling the growth of the color masterbatch market in the North America region. However, low penetration of technologically advanced manufacturing processes in the underdeveloped areas is restraining the expansion of the color masterbatch market in the Middle East and Africa region.