Masterbatch Consumption Reached Four Million Tonnes in 2016
More than 4 million tonnes of plastic masterbatches were consumed worldwide in 2016. The masterbatches industry in Asia-Pacific accounted for about 40% of global demand in 2016. This region generated about one third of total revenues, North America almost 24% and Western Europe 19%. Market research and consulting company Ceresana expects total revenues generated with masterbatches to increase by 3.7% per year until 2024. The current study examines concentrates in a plastic matrix: white, black, other colors, and additives.
The most important masterbatch type in 2016 were white masterbatches. Color masterbatches ranked second; colored inorganic and organic pigments are added to them for example. Over the past eight years, global demand for white masterbatches rose by an average of 2.2% per year. Titanium dioxide is the most important product for the production of white masterbatches. The plastics industry colors toys, electric devices, automotive parts, furniture, plastic films, and other products with them on a large scale. Additionally, Titanium dioxide pigments absorb UV radiation and thus protect the so colored products against damaging sunrays.
The most important end applications for masterbatches in plastics are packaging, construction, transportation, electrical and electronics as well as industrial products. Accounting for 31% of total global demand in 2016, packaging was the most important sales market. The construction industry ranked second at a considerable distance, followed by the segments industrial products and transportation. The category “packaging” includes all masterbatches for flexible plastic packaging, such as films, bags, and sacks, and for rigid packaging such as yoghurt cups, cans, bottles, and caps. The highest growth rate between 2016 and 2024 is forecast for the segment transportation that is likely to see market volume increase by 3.1% p.a. in the next eight years. This promising application area for plastic parts also includes, among others, the aerospace industry.
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