Global MB Market was valued at USD 12.55 Billion in 2020 and is expected to reach USD 18.78 Billion by the year 2028 at a CAGR of 5.2%. MB is an additive for plastic used for either coloring plastics or imparting other properties to the plastic. It is a concentrated mixture of pigments or additives encapsulated during the heating process into a carrier resin which is then cooled and cut into granular shaped beads. It allows the processor to color raw polymer economically during the manufacturing process of the plastic. Various types of carrier polymers such as PA (Polyamide), PE (Polyethylene), PET (Polyethylene terephthalate), PP (Polypropylene) and PVC (Polyvinyl Chloride). These help in improving acceptance and dispersion of wide range of plastic additives and functional fillers. Master batches come in various types namely white, black, color and additive. It allows the processor to color raw polymer economically during the manufacturing process of the plastic. The production of MB takes place, mainly, in six steps: weighing, mixing, twin screw extruding, cutting and cooling, sieving and bagging.
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In market segmentation by manufacturers, the report covers the following companies-
Clariant AG, A. Schulman, Ampacet, MBing Technologies LLP, Coperion, Global Colors Ltd., Penn Colors and Plastiblends India Ltd.
Further key findings of the report suggest that
MBes are available in solid forms as well as liquid forms.
In comparison to pure pigments, MBes require more storage space and have a longer lead time. This acts as one of the challenging factors.
Most companies, also, offer filler MBes which are further divided into several types as per their functionalities. For instance, UV MBes are filled with UV stabilizers and are used in products that are to be exposed in open sunlight. Such products include irrigation pipes, garden furniture, agriculture greenhouse films etc. Antioxidants MB is used to protect polymers from degradation at high temperatures. Optical brightener MB is used to impart a final white brightness without any blue tone, as opposed to that of white type of MB.
Stringent environmental regulations and non-biodegradability of plastic act as the restraining factors of the market.
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Growth Prospects:
The packaging sector has been attempting to gain momentum in the past couple of years on the back of the massive boom of the e-commerce industry. The market growth will be credited to the e-commerce transport and shipment, personal care, household, food and beverage, and healthcare sectors for convenience packaging.
These aspects have pushed leading players to dedicate their resources towards new packaging designs or to reinvent existing packaging designs to accommodate higher convenience and manageability, which will drive the global MB Market growth. The vintage packaging sector is also experiencing high demand, and even though it targets a limited consumer base, it is expected to grow at a rapid pace in the coming years.
In market segmentation by types of MB, the report covers-
Black
White
Colour
Additive
Filler
UV
Optical Brightener
Anti-oxidants
In market segmentation by applications of the MB, the report covers the following uses-
Packaging
Building and Construction
Automotive
Consumer good
Regional Outlook
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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