February 01, 2021
According to a recent study titled ‘India Masterbatch Market Analysis, 2020’, available with Market Study Report LLC, India masterbatch market is anticipated to witness substantial gains, registering a CAGR of 11% throughout.
Rising demand for wiring and cable application due to growing investments by the government in real-estate sector serves as a major growth propellant for India masterbatch industry. Moreover, surging demand for plastic in healthcare & food & beverages industries is adding considerable traction to the industry growth.
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Further, escalating demand for nanoparticle-based masterbatches, new innovative product launches, rapid industrialization, and increasing expenditure toward commercial & residential projects are stimulating the industry growth.
Based on resins, polyethylene captured majority of India masterbatch market share in 2019 and is likely to experience modest gains in the upcoming years. The growth is creditable to wide application of polyethylene in products such as plastic wraps, plastic bags & sheets, buckets, & containers due to favorable properties like moisture resistance and high toughness. Besides this, polystyrene resin type is also covered in the document among others.
The research literature also fragments India masterbatch industry in terms of type, end user, application, process, and geographical ambit.
With respect to type, the market is divided into white, black, colors, and additives. Moving to the end-user scope, the market is categorized into construction, agriculture, consumer goods, packaging, and automotive. Under the application spectrum, roto moulding, blow moulding, injection moluding, and film extrusion are key segments among others. Lastly, the geographical landscape of the industry is split into North, South, East, and West.
Speaking of the competitive landscape, top contenders in India Masterbatch market sphere are Orbit Masterbatches Pvt. Ltd., Blend Colors Pvt. Ltd., Ampacet Speciality Product Pvt. Ltd., Plastiblends India Ltd., Poddar Pigments Ltd., Alok Masterbatches Pvt. Ltd., Cabot India Ltd., Ampacet Corp., LyondellBasell Industries N.V., Ingenia Polymers Co., Ltd., and Clariant Masterbatches (India) Ltd.