Polymersplay a major role across industries with its applications ranging wide and in their making as finished products masterbatches are key ingredient. Rendering the required color and mechanical properties, masterbatches, due to their parallel usage, echo the growth of the polymer market. Various types of color additives are offering enhanced properties to the polymers and are being produced with the help of different dyes and pigments. Being processed with resins or polymers, they are providing the desired color to plastics, which are further being used in numerous applications such as in automotive parts and packaging activities.
It is such wide-ranging application that is causing the masterbatchmarket size to expectedly become worth USD 14.3 billion by 2025, at a CAGR of more than 5 per centby 2025. The replacement of metal with plastic in the automotive industry will drive the masterbatch market. APAC is the largest consumer of masterbatches in the automotive application and is expected to dominate during the period. The rise in the automotive sector in Asia Pacific region will immensely bolster the masterbatch market size over the coming years. The product is being used in the production of different plastic based auto parts such as interiors, exteriors, and under the hood components. Replacement of conventional metal auto parts with plastic components, due to lighter weight and high mechanical properties, is driving the product demand in this industry. To meet the demand, several players have ventured into this field.
After studying this industry segment in-depth, we have come up with the list of Top 10 Masterbatch Manufacturers who have excelled in this field with their innovative approach. Having proven their dedication to quality and delivery in order to meet the customer expectations in an end-to-end manner, these companies have stood out from the crowd.
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