India Masterbatch Market is anticipated to increase at an impressive rate in the forecast period 2028 due to the fast-growing automotive market. India was the largest producer of two and three-wheelers across the globe. Masterbatch is a solid product with highly concentrated and well-dispersed colors or additives, often formed of plastic, rubber, or elastomer. During molding, the carrier material combines with the primary plastic to impart the masterbatch’s color or other properties to the finished plastic product.
The Important Elements of the India Masterbatch Market
Color masterbatch causes a significant change in plastic resins and their applications. High-performance engineering thermoplastics are masterbatches. Enticing color for the eyes. The hue that changes. Value-adding color is the color that establishes form and purpose. Plastic processors depend on cutting-edge color technology for everything from industrial equipment to household appliances, fabrics to packaging, and designers. Color masterbatch is an ideal solution for plastic products due to its thermal stability and color flexibility, two of its main components. Masterbatches, made of premium pigments, are employed in many operations, including the insulation of cables and the injection and blow molding of bottles.
Additive masterbatches shield materials from deterioration brought on by heat, shear, UV rays, and oxidation in end-user environments. The significant controls can minimize the product weight, limit fire and resist reacting to it, and make synthetic exteriors simpler to print or laser cut. Additionally, it avoids the potential accumulation of power.
Increasing Technological Advancement for Customized Masterbatch
Recently, the market for high-quality plastic items has grown significantly. For market providing in consumer goods marketplaces, differentiation into product design and packaging design has been of the utmost importance in the business. Customized masterbatches have supported the plastics industry because of recent rapid technological breakthroughs and the collection of new proprietary pigments. Vehicles’ weight and carbon emissions are reduced as their plastic content rises and fuel economy is improved. This results in the use of plastic components in place of metal ones in cars. The masterbatch market can rise because of the requirement for the desired color. There are businesses on the market today that require hundreds of distinct colors for numerous small manufacturing runs. For instance, it makes no sense to demand so many masterbatch references from a company if it needs to formulate 800 colors annually. In this situation, using single pigment masterbatches yields raw materials that behave superbly when diluted and dispersed to produce the desired color.
Merger & Acquisition
In 2022, Delta Tecnic showcased its color concentrates for recycled PVC. To minimize adverse environmental effects, recycling and reusing plastic under ideal circumstances is essential. Based on application, PVC can be recycled to eight times.
In 2020, Clariant acquired a division of PolyOne and rebranded to the name Avient; In 2021, Avient acquired Magna Colours Ltd.
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Market Segmentation
India’s Masterbatch Market is segmented based on type, polymer, application, end user, and mode of distribution. Based on type, the market is divided into white, black, additive, color, and others. Based on polymer, the market is divided into PP, LDPE/LLDPE, HDPE, PVC, PET, and others. Based on application, the market is divided into film extrusion, injection molding, blow molding, roto molding, and others. Based on end-user, the market is divided into packaging, building & construction, consumer goods, automotive, textile, and others.
Key Market Players
Plastiblends India, Orbit Masterbatches, Clariant Chemicals (India) Limited, A. Schulman Plastics India Private Limited, Ampacet Speciality Product, Cabot India Limited, Avient Corporation, and RTP Company are some of the key players operating in the India Masterbatch Market.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, Volume in metric tons, and CAGR for 2018-2022 and 2023-2028 |
| Report Coverage | Revenue forecast, Volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Type· Polymer· Application· End User |
| Regional scope | East; West; North; South. |
| Key companies profiled | Plastiblends India, Orbit Masterbatches, Clariant Chemicals (India) Limited, A. Schulman Plastics India Private Limited, Ampacet Speciality Product, Cabot India Limited, Avient Corporation, and RTP Company |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, India Masterbatch Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- India Masterbatch Market, By Type:
- White
- Black
- Additive
- Color
- Others
- India Masterbatch Market, By Polymer:
o PP
o LDPE/LLDPE
o HDPE
o PVC
o PET
o Others
- India Masterbatch Market, By Application:
o Film Extrusion
o Injection Molding
o Blow Molding
o Roto Molding
o Others
- India Masterbatch Market, By End User:
o Packaging
o Building & Construction
o Consumer Goods
o Automotive
o Textile
o Others
- India Masterbatch Market, By Region:
o North
o South
o West
o East
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the India Masterbatch Market.