Masterbatch is a concentrated mixture of pigments and additives that are encapsulated during heating chemical operations in a carrier resin, it is solid or liquid addictive for plastics utilized for both coloring plastics (color masterbatch) or for imparting other characteristics to plastics (additive masterbatch) . Similar to any other masterbatch, black masterbatch comprises of excessive carbon black, carrier resin and dispersants, and can be customized by color and heat or UV requirements. Black masterbatch allows processors to color polymers economically during the plastic manufacturing process, owing to which black masterbatch products are extensively used throughout the plastic industry and are particularly suitable where unique attributes are required.
Black masterbatch market is expected to grow steadily during the forecast period, and demand for black masterbatch is expected to remain robust in emerging economies owing to the favorable economic environment. Black masterbatch has several applications, owing to which they are widely used in various end-use segments such as plastic industry, automotive, agriculture, packaging and others. Furthermore, strong demand from plastic industries is a key factor for the enormous growth in the target market. Black masterbatch market is expected to register strong growth owing to the rising use of plastic alternatives compared to metals in the automotive industry. Hence strong need in the automotive sector, particularly from developing economies, would certainly augment the growth of the target market.
Robust growth in end-use segments such as automobile, agriculture and others, especially in developing economies such as China and India will undoubtedly augment the growth of the target market.
Strong growth in the plastic industry and growth of the construction sector in emerging economies and recovery in developed countries is another major factor expected to boost demand for black masterbatch during the forecast period.
Stringent regulations by various government regulatory bodies across the globe regarding the use of certain types of pigments in packaging and holding materials, particularly food products packaging, may hinder the growth of the global black masterbatch market.
Black masterbatch consists of carbon black, which is often used for conductive packaging, films, fibers, foams, tubes and cables. Carbon black is extremely resistant to color change or fading, even under extreme conditions, especially for engineering polymers that are aiding the growth of the target market. In agribusiness, a black masterbatch is generally utilized in nursery outlines, water system frameworks, mulch films, and so on, which is also serving in the growth of the target market. In addition to this, government investment plans and a stable policy framework for automobile manufacturers in Asia Pacific will significantly impact market growth. Also, changing consumer preferences towards a better standard of living with growing per capital income in this region will substantially boost revenue generation for the automotive industry.