Color Masterbatch Definition
Color masterbatch is made of ultra quantity of pigments (dyestuffs) which carries evenly in the resin. Color masterbatch is widely used for coloring plastics products. A color masterbatch is a solid or liquid additive used to color plastics. It is a concentrated mixture of pigments or additives encapsulated during a heat process into a carrier resin, which is then cooled and cut into a granular shape.
Color Masterbatch Market Summary
According to the new market research report “Global Color Masterbatch Market Report 2023-2029”, published by QYResearch, the global Color Masterbatch market size is projected to reach USD 7.87 billion by 2029, at a CAGR of 3.6% during the forecast period.
According to QYResearch Top Players Research Center, the global key manufacturers of Color Masterbatch include Avient, Ampacet Corporation, LyondellBasell, Americhem, Polyplast Mueller GmbH, Plastika Kritis S.A, Tosaf Group, RTP Company, Malion New Materials, Astra Polymers, etc. In 2022, the global top five players had a share approximately 21.0% in terms of revenue.
Color Masterbatch, Market Drivers and Restraint
Market Drivers:
D1: With the development of packaging, construction, automobile and other industries, the demand for color masterbatch continues to increase, driving the expansion of the market.
D2: Increase the opacity of plastic products, driving the market demand for high-performance color masterbatch.
D3: Continuous innovation of new production technology and formulas has improved the performance of color masterbatch and expanded its market application scope.
Restraint:
R1: The production of color masterbatch relies on raw materials such as titanium dioxide. Fluctuations in raw material prices may lead to unstable costs and pose challenges to manufacturers.
R2: There is fierce competition in the color masterbatch market, and manufacturers need to find competitive advantages in terms of quality, price and service.
R3: The emergence of new materials or substitutes may affect the market share of color masterbatch, and manufacturers need to adjust product strategies in a timely manner to maintain their market position.
About The Authors
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Binbin Wang - Lead Author |
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Email: wangbinb@qyresearch.com |
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I have extensive research experience in the chemical industries and have a strong sense of customer service. Through in-depth understanding of market trends, competitive landscape and technological innovation in this field, we provide powerful market analysis to help enterprises make strategic decisions, position products and services, analyze competitors, reduce risks, and drive business growth. |
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
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