Color Masterbatches Market Predicted to Value US$ 13.6 Bn By 2022

Posted by Vinay on October 18th, 2017

Color masterbatches are combinations of pigments and additives that are used in various applications, for instance, roofing, storage containers, cables, electronics, cosmetic objects, toys, belts, silage sheets, pipes etc. They have numerous benefits owing to which several synthetic fiber and plastic producers use color masterbatches – they come in form of pellets which makes it easier to apply, store or move as compared to powdered pigments, it is easier to handle and feed the color concentrates during manufacturing where color masterbatches are used, binding agent used in the masterbatches can be easily matched to the polymer which is used for enhanced melt processing, they offer good control on transparency as well as opacity of colored objects and special effects can be added to enhance color thus distinguishing between different objects. Moreover, for certain applications, polymer material needs special properties like UV balance, surface resistivity, optical brightness, enhanced transparency, avoiding yellowing, flame retardation and scratch resistance, with a view to achieve improved performance, which is provided by color masterbatches. These factors have favored the expansion of the global color masterbatches market in recent years.

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According to Persistence Market Research, the global color masterbatches market is projected to grow at 5.1% CAGR during the period of assessment, 2017-2022.

Europe region to show positive growth during the assessment period. it is anticipated to witness moderate growth during 2017-2022 period and is expected to dominate the global market in terms of high market share. Asia-Pacific excluding Japan (APEJ) region shows high potential due to increased adoption of color masterbatches in various industries such as packaging and automotive. China and India are major contributors to the growth of color masterbatches in the APEJ region, making it a potential region for the color masterbatches market. Several manufacturers are investing in this region to develop manufacturing plants due to low cost, high labor availability and increasing demand for color masterbatches.

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