Color masterbatch is a mixture of pigments or additives which are compressed during heat process into a carrier resin. Then the mixture is cooled and cut into granular shape. Masterbatch is solid additive which is processed to color raw polymer during plastic manufacturing process.
There are four types of masterbatch which include white masterbatch, Standard color masterbatch, black masterbatch, additive masterbatch and others. In which the Black masterbatch accounted for largest market share of 30 % in 2015, during forecasted period. Standard color masterbatch was the second largest market in 2015.
On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, South America and Middle East & Africa. Globally, Europe holds largest market share with increase in development of application industry. Europe accounted for largest market share of 35% in 2015. Asia-Pacific was second largest market in 2015, and is projected to grow at CAGR of 6.63%. However, Asia-Pacific is sharing highest CAGR of 6.63%.
